Jointly addressing the problem of plastic waste: Together with 28 other major global businesses, Henkel endorsed a business manifesto calling on governments to negotiate and agree on a United Nations (UN) treaty on plastic pollution. The businesses’ call to action comes ahead of the 5th Session of the United Nations Environmental Assembly (UNEA5) and as a new report co-authored by the WWF, the Ellen MacArthur Foundation and Boston Consulting Group outlines the necessity of such a binding international agreement to address plastic pollution.
Oct 14, 2020 Düsseldorf / Germany
Henkel supports global business call for UN treaty on plastic pollution
Each year, 11 million metric tons of plastic are leaking into the environment, polluting oceans and other vital ecosystems. Current approaches appear to be falling short of successfully tackling the problem of plastic waste on a global scale. That is why Henkel decided to join together with other major businesses in the corporate manifesto calling for an international agreement to address plastic pollution. The endorsers are urging for a UN treaty that harmonizes the complex landscape of regulatory standards, establishes common metrics and methodologies, mandates the development of national targets and action plans, and supports innovation and infrastructure development to create a level playing field across the plastic value chain.
Plastic – a joint responsibility
“Plastic waste ending up in the environment is one of the biggest challenges humankind is facing today. At Henkel, we recognize our responsibility to address this global problem – and we take action. We are committed to driving progress toward a circular economy, partnering along the value chain to promote sustainable solutions, and contributing to avoid plastic waste,” says Sylvie Nicol, Member of the Henkel Management Board responsible for Human Resources and Sustainability. “However, the activities of individual businesses will not be enough. We need a global framework on UN level to coordinate stakeholder actions and help drive change for the plastic pollution problem at a scale.”
Commitment to reduce plastic waste
As part of Henkel’s sustainability efforts, the company has set itself ambitious packaging targets for 2025 to promote a circular economy. By then, 100 percent of Henkel's packaging will be recyclable or reusable* and the company will reduce fossil-based virgin plastics by 50 percent in its consumer goods packaging. Additionally, Henkel wants to help prevent waste from being disposed of in the environment. In order to achieve this, Henkel is supporting waste collection and recycling initiatives and investing in innovative solutions and technologies to promote closed-loop recycling. One example for this is Henkel’s partnership with Plastic Bank, a social enterprise that aims to stop plastic pollution from entering the oceans, while also providing opportunities for people in poverty.
More information on the business call for UN treaty on plastic pollution can be found at www.plasticpollutiontreaty.org.
More information on Henkel’s commitment and actions for sustainable packaging can be found at www.henkel.com/plastic.
* Excluding adhesive products where residue may affect recyclability or pollute recycling streams
Henkel pioneers digital watermark technology with new Vernel product range
Pioneering digital watermarks for better packaging recycling: Henkel is one of more than 85 companies and organizations of the new cross-value chain initiative “HolyGrail 2.0”, launched by AIM, the European Brands Association. The goal of the initiative is to assess whether a pioneering digital technology can enable better sorting and higher-quality recycling rates for packaging in the EU, to drive a truly circular economy. As a pilot project, Henkel will explore this innovative digital watermark technology for a new product range of its fabric softener brand Vernel.
Henkel first company to conclude a plastic waste reduction bond
Henkel takes another step in combining attractive corporate financing instruments with progress in sustainability: As the first company globally, Henkel concluded a plastic waste reduction bond. The proceeds from this bond, a private placement with Japanese insurance companies Dai-ichi Life and Dai-ichi Frontier Life, will be specifically allocated to projects and expenditures related to Henkel’s activities to reduce plastic waste. The bond has a total volume of 70 million US dollars and a maturity of five years.