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Really interesting article from this mornings Resource regarding an impressive committment from Princes.
International food and drinks group Princes has committed to recycling all of its packaging in the UK in 2020.
Princes will work with compliance scheme Valpak to only purchase UK-sourced packaging recovery notes (PRNs). Funds raised by the purchase of PRNs will see Princes invest £4-5 million in the UK’s recycling infrastructure this year.
Moreover, Princes calls for “reform” of existing waste obligations for packaging and greater export PRN transparency to ensure materials are kept within a circular economy.
David McDiarmid, Princes Corporate Relations Director, said: “All of Princes current packaging obligations can be met by UK recyclers and we see it as our responsibility to do what we can to ensure our waste does not become Eastern Europe or South East Asia’s problem. We accept that increasing UK recycling capacity will take time and that some materials need to be recycled overseas but that is all the more reason why existing Packaging Waste Obligations need reform to encourage UK investment and speed up the process”.
Full article here: https://resource.co/article/news-brief-030620