Coca-Cola chooses plastic bottle collection over aluminum cans to cut carbon footprint

LAGOS (Reuters) – Coca-Cola (KO.N) is committed to collecting and recycling plastic bottles rather than switching to aluminum cans as the world’s largest soft drinks maker seeks to reduce its carbon footprint, its chief executive officer told Reuters.

Along with multinational rivals including PepsiCo (PEP.O) and Nestle (NESN.S), Coca-Cola has started offering recyclable aluminum cans as well as plastic bottles for some water brands as the industry reacts to public outrage over the world’s oceans being polluted with plastic waste.

But Coca-Cola’s launch of a range of cans for sparkling water in the United States is not part of a broader shift, said CEO James Quincey during an interview in Nigeria’s commercial capital Lagos.

“We are not trying to engineer a strategic shift from plastic to aluminum,” said Quincey, adding that the firm was “focused on collecting” and has a collection rate of about 59%.

Quincey said import tariffs of 25% on steel and 10% on aluminum that U.S. President Donald Trump set in 2018 to preserve national security would also not alter its plan.

“It’s not so big that it’s going to make us change our strategy,” said Quincey on the impact of the tariffs.

“Given the relative weight of aluminum in our total business, it hasn’t caused a big change in strategy – just a cost increase that fed through to the consumers,” he said.

Last year Coca-Cola pledged to collect and recycle a bottle or can for every one it sells globally by 2030.

The company adopts different methods around the world to collect bottles. In some countries it uses a deposit return scheme that enables consumers to return bottles in exchange for incentives – such as cash, vouchers or a points-scheme. It also works with private firms that employ collection agents to retrieve used bottles.

“A recycled PET (polyethylene terephthalate) bottle has a much lower carbon footprint than an aluminum can or a returned glass bottle,” said Quincey.

He said collecting and reusing bottles was a “better long term answer” than switching to cans.

MORE NEWS

 

Lyft asks Americans to ditch their cars for ride-hailing vouchers

France scraps plans for Franco-Chinese shopping mall near Paris

How plaintiff lawyers help corporate America keep its secrets

Cambodia opposition founder says he was blocked from boarding plane home from Paris

Lyft asks Americans to ditch their cars for ride-hailing vouchers

UK police formally identify 39 bodies found in truck last month

Vietnam police confirm all 39 UK truck death victims were Vietnamese

French police clear migrant tent camps in northern Paris

Airbus reshuffles supply chain management amid delays

France gambles on privatisation drive with lottery stake sale

Millennials cheer New Zealand lawmaker’s ‘OK, Boomer’ remark

U.S. accuses two former Twitter employees of spying for Saudi Arabia

Russia-China fund seeks Chinese investors for Saudi Aramco IPO

‘Order!’ – Meet the Belgian musician behind the Bercow dance remix

U.S.-China trade deal hopes restart stocks rally

Many still missing after deadly attack near Canadian-run mine in Burkina Faso

Meghan Markle makes first visit to Westminster Abbey’s Field of Remembrance

In joint case with U.S., China jails nine fentanyl smugglers

Nielsen to split into two companies, gets backing from investor Elliott

Policeman charged with murder after death of Dalian Atkinson

Iran fuels centrifuges, resumes uranium enrichment at Fordow

Carney speaks after Bank of England officials split on rate cut

Bank of England surprises as two MPC members vote for rate cut

UniCredit opens door to share buyback after strong quarter

Dubai ruler appoints Emirates chairman to oversee Dubai Holding, Meraas

Iraqi forces shoot at protesters killing four in Baghdad

Holocaust survivor given police escort in Italy after threats

Malaysia frees detained Cambodian opposition activists

Italy’s unions call for 24-hour strike on November 8 over ArcelorMittal row

Trade optimism, rosy earnings send European shares to four-year peak

Irish police seize vehicles, cash, documents in smuggling probe

GoDaddy shares surge on biggest buyback plan

Tiffany asks LVMH to raise its $14.5 billion offer – sources

BHP says it is unaffected by sanctions on China’s COSCO

Conservatives and Labour vow to spend big in battle for votes

Smaller pro-EU parties unveil electoral pact for UK election

Lufthansa ready for arbitration as cabin crew strike begins

War crimes judges sentence Congolese warlord Ntaganda to 30 years in prison

Three judges killed at Taliban checkpoint in Afghanistan, officials say

Axian, ECP to acquire majority stake in Togo state telco

https://uk.reuters.com

SHARE THIS POST