Waste is a two-sided problem in the consumer goods industry. On the one hand, some products are disposed of for various reasons, and on the other, waste is generated through packaging. FMCG companies have been producing an increasing amount of waste and single-use plastic.
Companies need to be more mindful of the waste generated throughout their value chain. Companies like Procter & Gamble and Dabur India recently claimed that they have achieved 'plastic waste neutrality’ by recycling a big chunk of their post-consumer plastic packaging waste. They have come under pressure to manage waste to be environmentally friendly and raise consumer awareness. Environmentally conscious companies are better able to draw in new clients since customers like to work with businesses that share their values.
In 2021, LVMH, Nestle, Philip Morris International, Unilever, and British American Tobacco are the major FMCG companies in the world that generated significant waste.
LVMH Moet Hennessy Louis Vuitton SE (LVMH) is a luxury goods manufacturer and marketer with a market capitalization of $298 billion as of October 2022. In 2021, LVMH generated 113.6 thousand tonnes of waste, an increase of 41% from 2020. In the same year, 103.4 thousand tonnes of waste generated (91% of total waste generated) by the company was recovered. LVMH plans to use 70% recycled raw materials in its packaging by 2030.
Nestle SA (Nestle) is a manufacturer and marketer of food products and beverages with a market capitalization of $291 billion as of October 2022. The total waste generated by Nestle in 2021 was 1,568 thousand tonnes of which 99% of the waste was non-hazardous. The company has set a goal to make 100% of its packaging recyclable or reusable and reduce the use of virgin plastics by one-third by 2025.
Philip Morris International Inc (PMI) is a manufacturer and distributor of cigarettes, tobacco-related products, and other nicotine-containing products and had a market capitalization of $133 billion as of October 2022. The waste generated by Philip Morris International in 2021 was 114 thousand tonnes, a decrease of 4.77% over 2020.
Unilever Plc (Unilever) is a manufacturer and supplier of fast-moving consumer goods with a market capitalization of $111 billion as of October 2022. In 2021, Unilever generated 659 thousand tonnes of total waste, an increase of 11% from 2020. Unilever aims to reduce the usage of virgin plastic by 50% and has set a target of using 25% of recycled plastic in its packaging by 2025.
British American Tobacco plc (BAT) produces, markets, and sells cigarettes, tobacco and nicotine products, vapor and tobacco-heating products, and other tobacco-related products. The company had a market capitalization of $81 billion as of OCtober 2022. The waste generated by British American Tobacco in 2021 was 137 thousand tonnes which decreased by 4.9% over 2020.The company recycled 78.9% of the waste in 2021 which decreased by 1.6 percentage points over 2020. The company has set a goal to have a 95% recycling rate of total waste generated by 2025. The company has 75% of its packaging as reusable, recyclable, or compostable.
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