"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2024-03-31T00:30:19Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2024/03/30/cocoa-chocolate-pricing-surge-easter-rodriguez-nr-vpx.cnn"
data-branding-key=""
data-video-slug="cocoa chocolate pricing surge easter rodriguez nr vpx"
data-first-publish-slug="cocoa chocolate pricing surge easter rodriguez nr vpx"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,consumer products,domestic alerts,domestic-business,easter,financial markets and investing,food and drink,food products,holidays and observances,iab-agriculture,iab-business,iab-business and finance,iab-business banking & finance,iab-commodities,iab-desserts and baking,iab-economy,iab-financial industry,iab-food & drink,iab-industries,international alerts,international-business,kinds of foods and beverages,price increases,sweets and desserts"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2024-03-22T12:43:25Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2024/03/22/trump-truth-social-prepares-to-go-public-egan-cnntm-vpx.cnn"
data-branding-key=""
data-video-slug="trump truth social prepares to go public egan cnntm vpx"
data-first-publish-slug="trump truth social prepares to go public egan cnntm vpx"
data-video-tags="companies,domestic alerts,domestic-business,domestic-us politics,donald trump,iab-computing,iab-internet,iab-politics,iab-social networking,iab-technology & computing,international alerts,international-business,international-us politics,political figures - us,social media,society,trump media & technology group"
data-details="">
Video Ad Feedback
Donald Trump may be on the verge of a massive financial win
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2024-03-21T05:30:53Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2024/03/21/china-nongfu-spring-boycott-stewart-lkl-hnk-vpx.cnn"
data-branding-key=""
data-video-slug="china nongfu spring boycott stewart lkl hnk vpx"
data-first-publish-slug="china nongfu spring boycott stewart lkl hnk vpx"
data-video-tags="beverages,bottled water,boycotts,business and industry sectors,business, economy and trade,consumer products,food and drink,iab-food & drink,iab-non-alcoholic beverages,kinds of foods and beverages"
data-details="">
Video Ad Feedback
See why some Chinese people are boycotting a popular brand
Consumer goods giant Unilever has committed to halving its use of new plastic by 2025.
The maker of Ben & Jerry’s and Dove announced the target on Monday. If the company meets its goal, it will use no more than 350,000 tonnes (386,000 tons) of new plastic each year from 2025, down from around 700,000 tonnes (772,000 tons) in 2018.
To get there, Unilever will offer more reusable and refillable packaging, and sell more “naked,” or unwrapped, products. The company will also use more recycled plastic in its packaging.
“There is a lot of plastic pollution in the environment. And the fact of the matter is — too much of it carries our name,” Unilever said in a statement.
Unilever has been developing new ways to deliver its products, which the company says are used daily by 2.5 billion people in over 190 countries. It has tried selling ice cream bars without plastic wrappers, as well as cleaning product concentrates that allow shoppers to refill bottles instead of buying new ones.
The company is also participating in an industry initiative called Loop. As part of that project, it’s selling refillable deodorant sticks made from stainless steel. The deodorant lasts one month on average and the packaging can be reused an estimated 100 times. Other consumer goods producers including Procter & Gamble
(PG), Nestlé
(NSRGF), PepsiCo
(PEP), Danone
(DANOY) and Mondelēz International
(MDLZ) have also signed on to Loop.
The push by consumer goods makers to reduce their use of plastic comes amid mounting pressure from governments for them to act. Consumers are also increasingly aware of the damage that’s caused when plastic enters the environment and especially the world’s oceans.
Massive amounts of plastic have piled up in landfills, with some emitting greenhouse gases and contributing to global warming as they degrade. Plastics are expected to outweigh fish in the ocean by 2050.
Alan Jope, the CEO of Unilever, said in a statement that the huge scale of the problem demands a “fundamental rethink” in the company’s approach to packaging and products.
Dove shampoo and conditioner bottles for sale in Canada.
Roberto Machado Noa/LightRocket/Getty Images
“It requires us to introduce new and innovative materials, and scale up new business models, like reuse and refill formats, at an unprecedented speed and intensity,” he added.
The company previously committed to making all of its plastic packaging fully reusable, recyclable or compostable by 2025. It wants recycled plastic to make up at least 25% of its packaging by the same year. Both efforts should help the company meet its commitment to reduce its use of new plastic.
Learning how to recycle
Unilever is also working to ensure that more of the plastic that it does use is recycled. The company said Monday that it wants to collect and process more plastic packaging than it sells by 2025.
To meet that goal, the company will invest in waste collection and processing. Unilever will also purchase more recycled plastics for use in its own packaging, and it will participate in programs where it directly pays for the collection of its own discarded packaging.
