Where AB-InBev, Molson Coors, Diaego rank in the Corporate Plastic Pollution Scorecard

How you sow, a nonprofit that promotes corporate social responsibility, released its Corporate Plastic Pollution Scorecard 2021 this week, which analyzes the actions and omissions of 50 of the largest US consumer-centric companies to reduce plastic pollution. Amid growing global concerns about plastic pollution in the oceans, the report noted significant progress in a number of areas, such as a sharp increase in commitments to reduce the use of virgin plastic in packaging, partly due to the commitment of As You Sow shareholders are due. Overall, the report confirms earlier findings that, given the urgency of the crisis, no company is acting with sufficiently robust policies.

“Companies are now more aware of the plastic pollution crisis they helped create, but knowledge is not enough,” said Kelly McBee, waste program coordinator at As You Sow and author of the report. “It takes quick and determined action by packaging manufacturers to ensure that what they produce is not only recyclable, but is actually being recycled on a large scale.”

Where did big beverage companies rank?

Of the 50 companies rated in the scorecard, the highest grade was a “B” for The Coca-Cola Company. Important contributions to the quality of Coca-Cola are the high level of transparency in the use of packaging, the strong commitment to the recycling of all containers placed on the market and the support of initiatives for producer responsibility. Coca-Cola is the only company in the report that discloses the number of plastic packaging it produces. The company also reported 60% progress towards its 2030 target of recycling a bottle or can for every bottle it produces, a unique example of the responsibility manufacturers have for their packaging.

“We are delighted to have been recognized by As You Sow for our efforts to combat plastic waste,” said Alpa Sutaria, general manager of sustainability for the North America Operating Unit at Coca-Cola. “We strive to ensure the success of our” World Without Waste “initiative and continue to work with investors, comparable companies and other stakeholders on additional solutions, as we know that our joint work on this topic is far from over.”

In the beverage world for adults, liquor giant Diageo PLC received a C and top marks for its packaging transparency and recycled content, but lagged behind on producer responsibility measures. Molson Coors Earned a D +, mostly by doing everything in a C or C area as measured by As You Sow. These notes don’t look phenomenal, but they do did make the top 25 of the list of what it’s worth. Under it all was to come AB InBev with a D-, which actually measures Fs in measures to support recycling and packaging design.

“Plastic packaging pollution is increasingly becoming a risk for consumer-centric businesses – regulatory risk, financial risk, supply chain risk and most importantly, brand risk,” said Bruno Monteyne, senior analyst at Bernstein Autonomous, a global equity research firm based in London. “It is advisable that consumer products companies with strong consumer brands, such as those listed on As You Sow’s scorecard, prioritize investments in more innovative and sustainable product delivery and waste collection.”

Overall, the leadership position in the area of ​​recycling promotion was significantly lower, as so far only 5% of the 17 billion. The results of the scorecard show that companies still have a long way to go to switch from single-use plastics, to dramatically increase the recycling yield and a true circular economy to create from plastic.

“We know that some high-scoring companies have historically failed to deliver on commitments, so we’ll be monitoring them closely to see if they walk-the-talk and achieve their goals,” said McBee. “It is vital for investors, policy makers and the general public to hold these companies accountable for taking bold and sustainable action.”

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