We have signed The New Plastics Economy Global Commitment which unites businesses, governments, and other organisations behind a common vision and targets to address plastic waste and pollution at its source.
Signatories include companies that represent 20 per cent of global plastic packaging produced, as well as governments, NGOs, universities, industry associations, investors, and other organisations.
The Global Commitment is led by the Ellen MacArthur Foundation, in collaboration with the UN Environment Programme. The Ellen MacArthur Foundation leads the engagement with the private sector (the business signatories and endorsers), and UNEP leads the engagement with the governments.
At the heart of the Global Commitment is a vision of a circular economy for plastic in which it never becomes waste.
Signatories commit to three actions to realise this vision:
Eliminate all problematic and unnecessary plastic items.
Innovate to ensure that the plastics we do need are reusable, recyclable, or compostable.
Circulate all the plastic items we use to keep them in the economy and out of the environment.
Worn Again Technologies’ mission is to replace the use of virgin materials by recapturing raw materials from non-reusable products.
Our polymer recycling technology is an example of being able to recapture plastics resources that already exist, reducing the need to tap into virgin resources. Our process is able to retain PET polymer and produce PET pellets as outputs which can be used as new raw material into production supply chain.
Our values strongly align with the New Plastics Economy Global Commitment to eliminate, innovate and circulate.
Learn more about The New Plastics Economy Global Commitment.
About The Ellen MacArthur Foundation
The Ellen MacArthur Foundation was launched in 2010 to accelerate the transition to a circular economy. Since its creation the charity has emerged as a global thought leader, establishing the circular economy on the agenda of decision makers across business, government, and academia. With the support of its Strategic Partners, the Foundation’s work focuses on six interlinking areas:
- Learning: Developing the vision, skills and mindsets needed to transition to a circular economy
- Business: Catalysing circular innovation and creating the conditions for it to reach scale
- Institutions, Government and Cities: Creating the enabling conditions for a circular economy to thrive
- Insight and Analysis: Providing robust evidence about the benefits and implications of the transition
- Systemic Initiatives: Transforming key material flows to scale the circular economy globally
- Communications: Engaging a global audience around the circular economy