By Carlo Martuscelli

 

Consumer goods giant Unilever NV (UNA.AE) said Monday that it is aiming to cut back by half its use of new plastic packaging by 2025.

The company said that it is targeting a floor of 25% recycled plastic in its packaging by the same date.

"Plastic has its place, but that place is not in the environment," said Unilever Chief Executive Alan Jope.

As part of the goals, the company said it will also try and collect and process more plastic packaging than it sells. This will require helping to collect about 600,000 tons of plastic annually by 2025.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

October 07, 2019 05:59 ET (09:59 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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