FMI JOINS U.S. PLASTICS PACT, COMMITTING TO AN AMBITIOUS CIRCULAR ECONOMY VISION FOR 2025 Aug 25, 2020 Led by The Recycling Partnership and World Wildlife Fund in partnership with the Ellen MacArthur Foundation, the U.S. Plastics Pact will unify approaches to rethink the way we design, use, and reuse plastics ARLINGTON, VA, (AUGUST 25, 2020) – Today, FMI – The Food Industry Association has joined the U.S. Plastics Pact, a collaborative, solutions-driven initiative rooted in four ambitious goals intended to drive significant systems change by unifying diverse cross-sector approaches, setting a national strategy, and creating scalable solutions to create a path forward toward a circular economy for plastics in the United States by 2025. The first North American Pact of its kind, the U.S. Pact is a collaboration led by The Recycling Partnership, World Wildlife Fund (WWF), and Ellen MacArthur Foundation. As part of the U.S. Pact, activators like FMI recognize that significant, systemwide change is imperative to realize a circular economy for plastics. As such, the U.S. Pact will convene more than 70 brands, retailers, NGOs, and government agencies across the plastics value chain to bring one voice to U.S. packaging through coordinated initiatives and innovative solutions for rethinking products, packaging, and business models. FMI President and CEO Leslie G. Sarasin noted, “We look forward to helping to identify realistic goals for these ambitious targets, especially as 41% of our members already report having clear objectives and implementation timeframes for package waste reduction.” Sarasin continued, “It is particularly important we consider goals for sustainable operations together during the ongoing pandemic, with changing government requirements, material availability and consumer behavior challenging the packaging environment.” As a founding Activator of the U.S. Plastics Pact, FMI has agreed to collectively work toward these four ambitious goals: Define a list of packaging to be designated as problematic or unnecessary by 2021 and take measures to eliminate them by 2025. By 2025, all plastic packaging is 100% reusable, recyclable, or compostable. By 2025, undertake ambitious actions to effectively recycle or compost 50% of plastic packaging. By 2025, the average recycled content or responsibly sourced bio-based content in plastic packaging will be 30%. While the U.S. Pact is complementary to, and follows the ambitious precedents set by the existing global network of Plastic Pacts, it will be tailored to meet the unique needs and challenges of the U.S. market. The Pact will reflect national priorities and realities, while still propelling the nation closer to other developed nations in its management of plastic waste. “Together through the U.S. Plastics Pact, we will ignite system change to accelerate progress toward a circular economy,” says Sarah Dearman, Vice President of Circular Ventures for The Recycling Partnership. “The U.S. Pact will accelerate systemwide change by inspiring and supporting upstream innovation through a coordinated national strategy, creating a unified framework and enabling members to accelerate progress toward our ambitious 2025 sustainability goals. Members’ full participation will be vital to reaching our shared goals.” Achieving this vision will require new levels of accountability from all facets of the plastics supply chain. The U.S. Pact emphasizes measurable change and as such, FMI is committed to transparent, annual reporting, guided by WWF’s ReSource: Plastic Footprint Tracker, which will be used to document annual progress against our four goals. The first task of the founding members of the U.S. Plastics Pact will be to establish a “roadmap” in Q1 2021 to identify key milestones and national solutions to achieving the U.S. targets and realize a circular economy in which plastic never becomes waste.