Nestlé to invest up to $2B in sustainable packaging

Read the full story in Supply Chain Dive.

Nestlé plans to spend as much as 2 billion Swiss francs ($2.1 billion) to shift its packaging from virgin plastics to food-grade recycled plastics and increase its development of more sustainable solutions.

The food giant said it will buy up to 2 million metric tons of food-grade recycled plastics and devote more than 1.5 billion Swiss francs ($1.6 billion) to pay a premium for these materials between now and 2025.

The company also will launch a sustainable packaging venture fund​ with 250 million Swiss francs​ ($260 million) to invest in start-up companies focusing on these areas.

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