Global food and packaging companies, including Nestle (NESN.S), opens new tab, PepsiCo (PEP.O), opens new tab and Unilever (ULVR.L), opens new tab have vowed to collaborate on cutting plastic use and push for regulation after U.N. talks in August collapsed, a report published on Tuesday showed.
The failure to reach a deal at U.N. talks in Geneva dimmed hopes of tackling a key source of pollution and left many advocates of restrictions pessimistic about securing a global deal while U.S. President Donald Trump is in office.
Corporate alliances seeking to limit the impact of global warming are under pressure as the Trump administration dismantles a range of climate protection initiatives, and though light on concrete targets, the 2030 Plastics Agenda for Business, published by the Ellen MacArthur Foundation, could give sustainability advocates some cause for optimism.
A majority of the 75 companies in their study were seeking to reduce political exposure and avoid activist backlash by limiting public comments on sustainability progress, a strategy known as greenhushing.
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