Businesses have been battling with the plastic pollution issue for long. This was even before the United Nations declared it the theme of World Environment Day under the #Beat Plastic Pollution campaign this year.
A report titled Strategies for Sustainable Plastic Packaging in India: A USD 100 billion Opportunity till 2030 by the Federation of Indian Chambers of Commerce and Industry and Accenture (2020) focuses on two types of solutions in the packaging sector: reuse by return or reuse without return. The report highlights that reuse by return can reduce material value loss by $9 billion or 7 per cent.
According to NITI Aayog's Report on Alternative Products and Technologies to Plastics and their Applications, recycling is not the only solution to plastic pollution, but it also opens a window of opportunity for material innovation.
A positive turn of events is that many major companies have already taken steps to address the plastic issue. Over 500 signatories, including CocaCola, L'Oréal, Mars and Nestlé, have signed the Global Commitment. This joint initiative of the Ellen MacArthur Foundation and the UN Environment Programme aims to bring about changes in plastic production, usage, and recycling.
Rajesh Ayapilla, Coca-Cola India's Director (CSR and Sustainability for India and Southwest Asia), highlights the organisation's efforts to positively impact people's lives, communities, and the planet by doing business the right way. The company's Coca-Cola's World Without Waste Initiative focuses on creating a circular economy for plastics, covering the entire lifecycle of packaging from how packaging is designed and produced to how it is recycled and repurposed.
Bu hikaye Outlook Business dergisinin June 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Outlook Business dergisinin June 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
'Automation is Redefining Efficiency and Precision in Jewellery Manufacturing'
Increasing brand consciousness and awareness among consumers is helping expand the organised jewellery retail industry. MP Ahammed, chairman of Malabar Group, discusses prominent trends in the jewellery industry
BATTLE TO WIN THE AI RACE
In Supremacy, Parmy Olson tells the astonishing and behind-the-scenes story of the battle between the world’s two leading artificial intelligence firms, OpenAl and DeepMind and the continuing rivalry of its founders Sam Altman and Demis Hassabis respectively
A LEADER WHO EMPOWERS
Anshul Arzare, MD and CEO of YES SECURITIES, wants to ensure a workplace where employees not only contribute to the company's vision but also feel content
EV Unplugged
Electric vehicles are crucial to India’s climate change plan. But reliance on China for imports and technology constraints remain hurdles the sector needs to overcome
Every Lamborghini Owner is a Brand Ambassador
Regional director of Automobili Lamborghini, Francesco Scardaoni, talks to Prachi Khanna about the brand’s approach to fostering a sense of community among its vehicle owners. Edited excerpts
NO ZEST FOR ZED
A government initiative to green MSMEs is not finding enough takers
SMALL PLANTS, BIG TROUBLE
Climate-triggered stress is placing an unprecedented burden on small businesses. But a lack of access to climate aid hinders the sector's ability to adopt greener methods
'We Think About the Rider More Than Any Other Company
Rapido co-founder Aravind Sanka talks to Neeraj Thakur and Deepsekhar Choudhury about how flexibility and fair pay helped his company disrupt the Ola-Uber duopoly. Edited excerpts
LABOUR PANGS
Rising cost of living in a fast-growing economy is making workers restless
'Hustle is No Virtue'
It has become fashionable to talk about the verb “hustle” these days, especially in professional settings.
