Colgate-Palmolive Joins Ellen MacArthur Foundation’s New Plastics Economy Initiative
June 08 2018 - 11:30AM
Business Wire
Targets 100% recyclability of packaging, 25%
recycled content in plastic packaging by 2025
Colgate-Palmolive Company today announced that it has joined the
Ellen MacArthur Foundation’s New Plastics Economy initiative,
reflecting the company’s commitment to 100% recyclability of
packaging across all its product categories and its target to
achieve 25% recycled content in all plastic packaging by 2025.
The company aims to accelerate its progress in part through
scalable improvement in the capacity and quality of recycled
material available for our packaging in the years ahead.
Additionally, Colgate-Palmolive will continue to innovate in order
to reduce and eliminate problematic and unnecessary plastic
packaging. Recent successes include a reengineered fabric softener
sachet in Latin America and redesigned toothpaste packaging in
China that together save more than 50 tons of plastic annually. And
Colgate-Palmolive has made significant progress in advancing
reduction of problematic plastics, with 98% of its packaging now
PVC-free and a goal of 100% by 2020.
Colgate-Palmolive’s 2017 Sustainability Report, titled “Building
a Future to Smile About,” provides information on
Colgate-Palmolive’s long-standing commitments, details ongoing
progress, and highlights the latest achievements in sustainability
and corporate social responsibility. Colgate-Palmolive recognizes
the need to bring the valuable materials distributed via consumer
packaging back into the supply chain to help create a circular
economy that enables people and our environment to thrive.
“We are committed to reducing our use of plastic in our
packaging, using more recycled plastic, and increasing the
recyclability of our plastic packaging,” said Ian Cook, Chairman,
President and Chief Executive Officer. “We’re proud to join this
Ellen MacArthur Foundation initiative, an important part of our
strategy to help us achieve our goals and keep building a future to
smile about.”
Sander Defruyt, Lead of the New Plastics Economy Initiative,
welcomes Colgate-Palmolive’s announcement: "Great to see
Colgate-Palmolive take a leading role in the transition to a
circular economy for plastics with an ambitious set of commitments
that recognises the need to eliminate problematic or unnecessary
packaging and aims to design all remaining packaging to be
recyclable while significantly increasing the use of recycled
content. The New Plastics Economy initiative looks forward to
working with Colgate-Palmolive over the coming years to achieve
their targets."
About Colgate-Palmolive
Colgate-Palmolive is a leading global consumer products company,
tightly focused on Oral Care, Personal Care, Home Care and Pet
Nutrition. Colgate sells its products in over 200 countries and
territories around the world under such internationally recognized
brand names as Colgate, Palmolive, Softsoap, Irish Spring, Protex,
Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion,
Soupline, and Suavitel, as well as Hill's Science Diet, Hill's
Prescription Diet and Hill's Ideal Balance. For more information
about Colgate's global business, visit the Company's website at
http://www.colgatepalmolive.com. To learn more about Colgate's
global oral health education program, Bright Smiles, Bright
Futures™, please visit http://www.colgatebsbf.com. CL-C
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180608005478/en/
Colgate Media RelationsKaitlyn Mortimer,
212-310-2670colgate_palmolive_media_inquiry@colpal.comTweets by
@CP_News
Colgate Palmolive (NYSE:CL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Colgate Palmolive (NYSE:CL)
Historical Stock Chart
From Apr 2023 to Apr 2024