Amcor, Zurich, has announced its pledge to develop all its packaging to be recyclable or reusable by 2025. At the same time, the company committed to significantly increasing its use of recycled materials and driving consistently more recycling of packaging around the world.
"Our aspiration is to be the leading global packaging company,” Ron Delia, Amcor's CEO, says. "That means winning on behalf of the environment, customers, consumers, shareholders and our people at the same time, in ways that differentiate Amcor and generate growth."
The action joins Amcor with 10 leading brands and retail companies making the same 2025 commitment in collaboration with the Ellen MacArthur Foundation (EMF), Isle of Wight, U.K. Amcor says most of those companies are customers.
EMF estimates that the companies together influence more than six-million metric tons of plastic packaging each year.
According to Delia, most of Amcor's packaging today is developed to be recyclable and reusable and is being designed to use less material in the first place.
"Amcor being the first global packaging company to commit to working toward 100-percent recyclable or reusable packaging by 2025 is an important milestone towards creating a circular economy for plastics," Rob Opsomer, who leads EMF's systemic initiatives, said at the World Economic Forum in Davos, Switzerland, Jan. 22-24. "The company's commitment and expertise will be instrumental in supporting the growing group of brands and retailers that have set similar targets for themselves."
The EMF’s mission is to accelerate the world's transition to a circular economy, in which plastics and other resources are used over and over. Amcor says it is the only packaging company among core partners to EMF and the foundation's new plastics economy initiative.