The company will also pilot first-ever plant-based, 100 per cent compostable packaging for Lay's and Kurkure snacks products in India.
Nestle, too, has joined the eco-friendly bandwagon and has aimed at 100% reusable and recyclable packaging by 2025. Plastic however holds a highly valuable, functional role, in protecting and preventing food waste.
Environment Minister Catherine McKenna has previously said the charter would have four main components: targets for reducing the amount of plastic waste produced, domestic strategies to meet those targets, working with industry to develop better products to replace plastic or make plastics more easily recyclable and assistance for the developing world to adapt better waste management.
The company said already over 99 per cent of waste generated in its operations is recycled and its solid waste management initiatives extend to 10 states across the country, covering cities, towns, villages and temples at present.
Osinbajo, said that eight of the plastic waste recycling plants have been completed and handed over to the states, while 18 others were in various stages of completion.
The report said the five trillion plastic bags consumed each year equalled almost 10 million plastic bags per minute.
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The UN welcomes an emerging awareness of the scale of the problem, noting that more than 60 countries have adopted policies to reduce pollution.
"We have started implementing the new rules and asked the plastic manufacturing units and the producers to register themselves under new rules and further ordered the brand owners to submit their annual returns on waste management with list of vendors supplying them plastic material and their action plan on collecting back the plastic waste, and failing to comply with they shall attract penal provision as per the Act", the chairman of GSPCB Ganesh Shetgaonkar said. "We plan to launch this pilot in the fourth quarter of 2018". Sreenivasan, programme head of Plastic Waste Recycling, Ramky Enviro Engineers, said, "Polypropylene (PP), high density polyethylene (HDPE) and polyethylene terephthalate (PET) are the kinds of plastic which can be recycled".
In 2017, the company said it reduced packaging material weight by approximately 1,532 tonnes by ensuring eco designing of packaging in a sustainable way.
The announcement comes just days before the federal government asks other G7 nations to sign an worldwide commitment to get the world on the same page on plastic pollution that harms marine life and forms islands of garbage in the oceans that can be larger than many countries. "As a responsible company, we have initiated various projects on waste management by engaging with relevant stakeholders".
"Nigeria is in a good place to lead Africa and indeed the world in beating plastic pollution", Osinbajo said.