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Stock impact report

Sainsbury's vows to halve plastic packaging by 2025 [Reuters (UK)]

TESCO PLC S/ADR (TSCDY) 
NASDAQ:AMEX Investor Relations: tescoplc.com/investors
Company Research Source: Reuters
Sainsbury's vows to halve plastic packaging by 2025 - Reuters 2 Min Read LONDON (Reuters) - Britain’s second-biggest supermarket, Sainsbury’s ( SBRY.L ), vowed on Friday to halve plastic packaging by 2025, promising to switch to alternative materials and refillable options to meet consumer demand for less waste. Having reduced plastic packaging by just 1% in 2018, Sainsbury’s said a “transformational leap in thinking” was required to tackle the almost 120,000 tonnes of plastic packaging it uses a year. It said it used the most plastic in milk bottles, packaging for fruit and vegetables, and drinks. For milk bottles it is reviewing options including the use of refillable bottles, returnable milk bottles or offering a reusable jug with milk in a lightweight plastic pouch. Employing 178,000 people across the country, Sainsbury’s on Friday will attend a summit with suppliers, researchers and government groups to identify potential areas for a breakthrough. “Reducing plastic and packagin Show less Read more
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