Seeking Alpha

Nestle spending big on recycled plastic

|About: Nestlé S.A. (NSRGY)|By: , SA News Editor

Vowing to make 100% of its packaging recyclable or reusable by 2025, Nestle (OTCPK:NSRGY) is investing as much as 2B Swiss francs to source more recycled plastics to package its products.

It will also try to keep the plastic purchasing neutral on earnings through efficiencies.

Rival Unilever has further pledged to halve its use of newly made plastic by 2025 as food and beverage makers increasingly come under fire for polluting oceans and landfills.

Try Seeking Alpha PREMIUM for unlimited analysis on NSRGY