Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Unilever CEO looking for first-ever global plastics treaty with “teeth”

by Uma Rajagopal
0 comments
2024 09 23T205722Z 4 LYNXMPEK8M0O3 RTROPTP 4 CONSUMER GOODS CEOS

 

By Jessica DiNapoli

NEW YORK (Reuters) – Unilever CEO Hein Schumacher hopes to see a global plastics treaty that “has some teeth,” he said in an interview with Reuters on Monday, as negotiations for countries to agree to the first-ever pact near a crucial deadline.

United Nations negotiators agreed to strike a deal on controlling plastics by the end of this year but talks have been snagged on issues including production caps.

“What we would like is a treaty that has some teeth,” Schumacher said. “From the very beginning we have said we prefer binding rules because we feel that it leads to a level playing field for business.”

Schumacher said a stronger treaty will allow companies to make longer-term investments in new packaging and products that do not rely on plastic. The London-based maker of Dove body wash and Sunlight soap is a member of the Business Coalition for a Global Plastics Treaty, which is pushing for reducing the manufacturing of plastic as part of the U.N. deal.

He added that a U.N. treaty would “probably eliminate quite a bit of complexity” for companies like Unilever that operate in many different countries.

“That’s probably the most important thing for us,” he said.

Unilever has faced sharp criticism for selling single-use sachets of shampoo, toothpaste and laundry detergent, which are very difficult to recycle. The company introduced more sustainable laundry sheets in a paper-based box last year.

One U.N. negotiating session, planned in November in Busan, South Korea, remains before the end-of-year deadline to ink an agreement. In Bangkok in August, member countries heard from specialists on plastics pollution, said Inger Andersen, the executive director of the U.N.’s Environmental Programme.

“It’s entirely within member states’ ability to do it by the end of the year,” Andersen said. “The ball is in their court.” (This story has been corrected to fix the spelling of Andersen, in paragraphs 8 and 9, and to clarify that member countries heard from plastics experts in Bangkok in August, not at the UN General Assembly this week, in paragraph 8)

 

(Reporting by Jessica DiNapoli in New York; Editing by Alistair Bell)