The New Plastics Economy Global Commitment Statement includes goals about the actions that signatory companies will take to drive toward a circular economy. These approaches include redesign to eliminate problematic and unnecessary plastic as well as innovation to ensure that plastic is reusable, recyclable, or compostable. There have been more than 450 signatories who are all working collaboratively to support these objectives. MCC is, so far, the only label company that has signed the Global Commitment. MCC will help achieve a global circular economy through the Global Commitment Statement.
The New Plastics Economy initiative is associated with the Ellen MacArthur Foundation which focuses on creating momentum towards a plastics system that works. Applying the principles of the circular economy, The New Plastics Economy initiative brings together key stakeholders to rethink and redesign the future of plastics, starting with packaging.
Multi-Color Corporation Global Commitment Statement:
• By 2025, all MCC customers will have the ability to choose label products and solutions that will not hinder the final package to be recyclable, reusable or compostable.
• MCC is committed to limit industrial plastic waste ending up in the environment or in landfills by implementing waste reduction strategies.
• MCC will allocate the necessary resources towards further development of sustainable and circular products.
• MCC will continue to work collaboratively across the plastic value chain to ensure that plastic packaging is sorted and recycled in practice and at scale by developing supportive label solutions.
Sander Defruyt, Lead of the New Plastics Economy initiative at Ellen MacArthur Foundation: “We are pleased MCC is joining us, by setting concrete 2025 targets. Our vision is for a world where plastic never becomes waste or pollution. It will be a challenging journey, but by coming together we can eliminate the plastics we don’t need and innovate, so the plastics we do need can be safely and easily circulated – keeping them in the economy and out of the environment.”