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Cut Back On Plastic Packaging, Leading Manufacturers Hear From As You Sow

June 22, 2018: 12:00 AM EST

As You Sow, a nonprofit group representing 25 investment companies managing more than $1 trillion in assets, has called on Nestle SA, PepsiCo Inc., Procter & Gamble Co., and Unilever NV, to reduce their use of plastic in packaging of their products. Signed by investment managers, including Hermes Investment Management and Impax Asset Management, the initiative calls plastic packaging damaging to the environment. Companies should reveal their annual use of plastic packaging, establish goals for reducing plastic packaging, and exert efforts to recycle plastic packaging, the group said. [Image Credit: © Emilian Robert Vicol @ Pixabay.com]

Emily Chasan, "Investors Demand Nestle, Pepsi and Others Cut Plastic Use", Bloomberg, June 22, 2018, © Bloomberg LP
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