Supports ESG goals in company’s new IGNITE Strategy
The Clorox Company announced that it has become a signatory of the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment, a vision of a circular economy for plastic in which it never becomes waste or pollution. The foundation’s vision is in line with the company’s new plastics-related ESG goals announced earlier this month as part of its integrated corporate strategy called IGNITE.
These new ESG goals include:
- 50% combined reduction in virgin plastic and fiber packaging by 2030
- 100% recyclable, reusable or compostable packaging by 2025
- Double post-consumer recycled plastic in packaging by 2030 (+50% by 2025)
Clorox has also pledged to continue the following initiatives as part of its signatory status in the New Plastics Economy Global Commitment:
- No polyvinyl chloride (PVC) in packaging.
- Pilot new business models and solutions which enable consumers to refill and reuse primary packaging, such as participation in TerraCycle’s Loop pilot program.
ABOUT THE CLOROX COMPANY: The Clorox Company is a leading multinational manufacturer and marketer of consumer and professional products with approximately 8,800 employees worldwide and fiscal year 2019 net sales of $6.2 billion.
ABOUT THE ELLEN MACARTHUR FOUNDATION NEW PLASTICS ECONOMY GLOBAL COMMITMENT: Over the past four years, the Ellen MacArthur Foundation’s New Plastics Economy initiative has rallied businesses and governments behind a positive vision of a circular economy for plastics.
Source: The Clorox Company