Page 45 - Plastic News Issue August 2025
P. 45
COMPANY NEWS
ducer Responsibility Organizations) environmental law and corporate governance,
reaffirming that environmental externalities can
♦ Investing in take-back and reverse logistics no longer be treated as cost-free.
systems
♦ Transitioning to recyclable or biodegradable The Apollo Tyres case also brings to light a
packaging materials broader reality: India’s plastic crisis cannot be
addressed without full participation from the
♦ Ensuring transparent reporting on the CP- private sector. The judiciary has sent a clear
CB’s EPR portal message greenwashing won’t cut it anymore.
Robust, data-backed action is the only way for-
Failure to do so could lead to legal penalties, ward.
reputational damage, and even disruptions in
business continuity, particularly as ESG scrutiny As India advances toward its circular economy
from investors and regulators intensifies. goals and global climate commitments, judicial
interventions like this are not just necessary
Editorial Perspective: A Moment of Reckoning
they’re essential.
At The CSR Universe, we view the NGT’s ruling Source - https://thecsruniverse.com
as a defining moment for India’s corporate sus-
tainability landscape. It bridges the gap between
INDORAMA CALCULATES REACHING 150
BILLION BOTTLES RECYCLED
hailand-based Indorama Ventures Public or reprocess 789 bottles every second, “trans-
Co. Ltd., which operates production and forming used PET into high-quality recycled PET
Trecycling facilities around the world, says (rPET) resins and other circular materials.”
it has recycled more than 150 billion postcon-
sumer polyethylene terephthalate (PET) plastic The rPET is consumed by various industries
bottles since 2011. globally, says the company, “supporting Indora-
ma Ventures and its customers in achieving their
Referring to the calculated figure as a “signifi- sustainability goals.”
cant milestone,” Indorama says it underscores
its long-term commitment to circular economy Indorama says it reached its first major milestone
practices and its sustained investment in global of 50 billion bottles recycled in March 2020 and
recycling infrastructure. doubled that figure to 100 billion bottles in 2023.
With more than 20 recycling facilities in 11 coun- Now the firm says it has reached the 150 billion
tries, some entailing partnerships, Indorama mark, saying that milestone “reflects both grow-
Ventures says those plants collectively recycle ing global demand for recycled content and the
August 2025 PLASTICS NEWS 45
