Nestlé SA pledged to cut its use of plastic made from fossil fuels by a third in five years and said it would invest up to 2 billion Swiss francs ($2.08 billion) to find more recycled material, a particularly big challenge for the food industry. Sellers of everything from soap to soft drinks are under pressure from consumers and regulators to use less fossil-based plastic—the production of which contributes to climate change—as well as prevent plastic trash ending up in the ocean.

Source: Wall Street Journal January 16, 2020 14:03 UTC