Nestlé Philippines Partners with Plastic Credit Exchange to Reduce Plastic Waste

Nestlé Philippines has partnered with Plastic Credit Exchange (PCEx) to collect soft plastic waste from Baseco in Tondo, Payatas in Quezon City, Rodriguez in Rizal province, and Manila to reduce its plastic footprint on the environment.

Nestlé Philippines will support PCEx in collection of post-consumer soft plastics from communities, consolidators, and local government units. This will divert the plastic waste from landfills and will be co-processed.

Kais Marzouki, Nestlé Philippines chairman and CEO, said “With plastic waste continuing to accumulate in landfills and oceans, the need for tackling plastic pollution has never been so pressing. It is an urgent priority for us and an issue we take seriously,”

PCEx is a non-profit organization that takes pledges from companies and industries and funds operations in order to find ways to improve sustainability regarding plastic waste.

Nanette Medved-Po, founder and president of PCEx, said “The journey of HOPE to sustainability – and therefore to the Plastic Credit Exchange – in a way, started with Nestlé. Years ago, their Philippine CEO reached out to me about projects that Nestlé was supporting – like eco-bricks. From there, HOPE began to explore environmentally sustainable and affordable ways for companies to be responsible for their plastic footprints. In 2019 we established the Plastic Credit Exchange from our learnings and came back to Nestlé whom we felt would be a natural partner, given our common goals for sustainability,”

PCEx developed from HOPE in a Bottle, a bottled water brand that commits 100% of profits to building public school classrooms in partnership with the Department of Education.

Nestlé Philippines is also taking part in the Aling Tindera Waste-to-Cash program recently launched by PCEx and the City of Manila, wherein sari-sari stores are incentivized to become collection points for post-consumer plastic waste.