Nearly 30 companies from the plastics and consumer goods value chain have launched the new Alliance to End Plastic Waste. The Alliance will develop and bring to scale solutions that will minimise and manage plastic waste. It will also promote solutions for used plastics by helping to enable a circular economy.
“As a global consumer goods and industrial company, we, at Henkel, want to contribute to ending plastic waste. Developing sustainable solutions for this challenge will only be possible if we engage and collaborate across the entire value chain – from suppliers, trade partners, consumers and organizations through to governments,” says Hans Van Bylen, Henkel CEO and President of the German Chemical Association VCI.
The Alliance has committed over 1.0 billion US dollars with the goal of investing 1.5 billion US dollars over the next five years to help end plastic waste in the environment. The Alliance has been working with the World Business Council for Sustainable Development as a founding strategic partner.
The Global Alliance has the mission to advance solutions to eliminate plastic waste in the environment, especially in the ocean.
By 2025, 100 percent of Henkel’s packaging will be recyclable, reusable or compostable*. At the same time, the company aims to use 35 percent recycled plastic for its consumer goods products in Europe. To drive progress toward a circular value chain for plastics, Henkel follows a comprehensive approach.