What is the New Plastics Economy Global Commitment?
The New Plastics Economy initiative brings together key stakeholders to rethink and redesign the future of plastics, starting with packaging. The initiative is led by the Ellen MacArthur Foundation in collaboration with a broad group of leading companies, cities, philanthropists, policymakers, academics, students, NGOs, and citizens. The Foundations central mission is to accelerate the transition towards a circular economy.
What is the Circular Economy?
The current ‘take, make and dispose’ extractive industrial model is inherently wasteful and relies on the consumption of finite resources. The circular economy offers a positive way forward by redefining growth to focus on society-wide benefits. It entails redesigning material flows and production systems to eliminate the concept of waste.
The New Plastics Economy Global Commitment
The Global Commitment unites businesses and governments from around the world to create a plastic system that works.
At the heart of the Global Commitment is a vision of a New Plastics Economy, where plastics never become waste. Each signatory formally endorses the vision and the need to work towards achieving it, committing to three actions to realise this vision, including:
- Eliminate all problematic and unnecessary plastic items
- Innovate to ensure that the plastics we do need are reusable, recyclable, or compostable
- Circulate all the plastic items we use to keep them in the economy and out of the environment
You can read full details about the commitment and view the global commitment signatories on the New Plastics Economy website