Nestlé has pledged to spend up to $2bn to increase the use of recycled plastics in its food packaging, making the biggest public financial commitment among consumer goods giants to tackling the problem of plastic pollution.
The world’s biggest food company by sales said on Thursday that it wanted to cut its use of virgin plastics, which are made using fossil fuels, by one-third by 2025, which builds on earlier commitments to make all of its packaging recyclable or reusable by then.
> Read the full article on the Financial Times website
By Leila Abboud
Source: Financial Times
Local industry stakeholders under Food Drink Ireland (FDI) have called for targeted support measures in the sector that will help businesses stay buoyant during the transitional period.
Diageo has announced that the company’s CFO Kathryn Mikells will leave the business later this year and will be replaced by Lavanya Chandrashekar.
Schlosberg – who has resigned his positions as president, CFO, COO and secretary of Monster Beverage – will serve as co-CEO alongside Rodney C. Sacks.