Nearly 30 companies from the plastics and consumer goods value chain have launched the new Alliance to End Plastic Waste (AEPW).
The alliance will develop and bring to scale solutions that will minimise and manage plastic waste. It will also promote solutions for used plastics by helping to enable a circular economy. Building on its existing efforts for sustainability and its commitment for a circular economy, Henkel joined the alliance as one of the founding members.
“As a global consumer goods and industrial company, we, at Henkel, want to contribute to ending plastic waste. Developing sustainable solutions for this challenge will only be possible if we engage and collaborate across the entire value chain – from suppliers, trade partners, consumers and organisations through to governments,” says Hans Van Bylen, CEO, Henkel, and president of the German Chemical Association VCI.
The alliance has committed over US$1 billion with the goal of investing US$1.5 billion over the next five years to help end plastic waste in the environment. Members are chemical and plastic manufacturers, consumer goods companies, retailers, converters, and waste management companies – they represent the range of companies that make, use, sell, process, collect, and recycle plastics. The alliance has been working with the World Business Council for Sustainable Development as a founding strategic partner.
