Sustainable Goals (CONT’D FROM PAGE 37)
vators placed on the market was reusable, recyclable or compostable. Additionally, USPP reported there was an average of 11 percent postconsumer recycled content or biobased content in activators’ packaging portfolios.
This goal tracks primary plastic packaging in key mar- kets. The beverages and snacks giant also pared down its commitment to using biobased and renewable materials, instead focusing on supporting partners who develop new material technologies.. Additionally, several major brands and retailers recent- ly exited the U.S. Plastics Pact, a group created to unite organizations across the plastics value chain around a set of shared 2025 packaging sustainability targets. Walmart, the largest retailer in the United States, is no longer participating with the U.S. Plastics Pact. Mondelēz, Mars, Nestlé and L’Oréal USA are also among the previous members that appear to have recently stepped away from the group, per an archived version of USPP’s website. Moving Targets Multiple nonprofits, such as the Ocean Conservancy and the National Stewardship Action Council, also appear to have exited the pact. The U.S. Plastics Pact launched in 2020 as part of the Ellen MacArthur Foundation’s global network of plastics pacts with some 60 activators, including those aforemen- tioned companies that have recently left. In aligning with the U.S. Plastics Pact, participants committed to four 2025 packaging targets. As of 2023, 50 percent of plastic packaging that acti-
AWA Announces AWAVirtual Mergers & Acquisitions Forum
Alexander Watson Associates will organize its annual AWAVirtual Mergers & Acquisitions Executive Forum 2025 on June 6 for the Packaging & Labeling sector. The Forum brings together C-level executives, private equity firms, investment bankers, and suppliers to create an industry-focused platform for all involved or interested in M&A across the packaging and labeling sector. Partic- ipation is expected from organizations and stakeholders worldwide. The forum program features a selection of presen- tations and panel discussions focused on M&A drivers, trends, and industry insights; it will provide a snapshot of the major themes in the M&A packaging and labeling mar- ketplace with a specific focus on: • Impact of Credit on the M&A Market for Labels & Flexibles • Deal Flow in Today’s Environment • Sustainability Impact on M&A • Partnering with PE Investors for Business Growth
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