Nestle to invest 2B Swiss francs in recycled plastics

The company, whose brands include Nespresso coffee, Vittel water and Smarties chocolates, also plans to invest in new types of sustainable packaging to meet its target of making all packaging recyclable or reusable by 2025.

To create a market for recycled plastics, it plans to source up to two million metric tons of food-grade recycled plastics and allocated more than 1.5 billion Swiss francs to pay a premium for the material between now and 2025. Matthias Wuethrich from the Swiss branch of Greenpeace said the announcement was "partially encouraging".

Major corporations, often criticized by campaigners for putting profit before the environment, are trying to respond to growing pressure from consumers for more responsible practices.

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