Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  J Sainsbury plc    SBRY   GB00B019KW72

J SAINSBURY PLC

(SBRY)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Unilever pledges to halve its use of new plastic by 2025

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/07/2019 | 05:58am EDT
Two bottles of Dove's Deep Moisture body wash are displayed in Toronto

LONDON (Reuters) - Consumer goods giant Unilever vowed to halve the amount of new plastic it uses over the next five years, by shifting to more recyclable and alternative materials and refillable options to meet consumer demand for less waste.

The company, which sells Ben & Jerry's ice cream, Dove soap and Knorr soup, said it would achieve this target by cutting its use of plastic packaging by over 100,000 tonnes and accelerating its use of recycled plastic.

The Anglo-Dutch firm currently uses more than 700,000 tonnes of virgin plastic - created using raw materials instead of recycled materials - each year and expects to halve that usage by 2025.

"This demands a fundamental rethink in our approach to our packaging and products. It requires us to introduce new and innovative packaging materials and scale up new business models, like re-use and re-fill formats, at an unprecedented speed and intensity," Chief Executive Officer Alan Jope said in a statement.

The company also promised to help collect and process more plastic packaging than it sells through investments and partnerships in developing waste management facilities in many of the markets that it operates. It set a target of collecting and processing around 600,000 tonnes of plastic annually by 2025.

Unilever joins other companies tackling plastic use as consumers become increasingly concerned about the amount of waste and the danger of plastic pollution to marine life.

Britain's second-biggest supermarket chain Sainsbury's promised to halve its plastic packaging by 2025 last month, while rival Tesco said it would ban brands that use excessive packaging from its stores next year.

Hamburger chain Burger King also announced in September that it would stop handing out plastic toys in its children's meals in its British restaurants, saving an estimated 320 tonnes of single-use plastic each year.

For Unilever, the moves announced on Monday are part of its commitments to make all of its plastic packaging reusable, recyclable or compostable by 2025.

Some of the changes made to its product portfolio as part of that effort include introducing refill concentrates in its Cif brand so that spray bottles can be reused and removing wrappers in multi-packs of its Solero ice-cream lollies.

It is also testing refill stations for shampoo and laundry detergent in shops, universities and mobile vending machines in South East Asia.

(Reporting by Siddharth Cavale in London; editing by Emelia Sithole-Matarise)

Stocks mentioned in the article
ChangeLast1st jan.
J SAINSBURY PLC 1.81% 218.8 Delayed Quote.-18.91%
TESCO PLC -0.29% 242.6 Delayed Quote.27.99%
UNILEVER PLC 0.95% 4652.5 Delayed Quote.12.17%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on J SAINSBURY PLC
11:18aWorkers at UK's Asda face sack as contract deadline looms
RE
10/16Factbox - How are businesses preparing for a 'no-deal Brexit'?
RE
10/16Lidl to spend $19 billion over five years with British suppliers
RE
10/16J SAINSBURY : 2018/19 Financial Statements restated for IFRS 16
PU
10/15UK CONSUMERS NOT YET STOCKPILING FOR : Kantar
RE
10/10J SAINSBURY : Getting lettuce into Britain - Spanish farmers baulk at no-deal Br..
RE
10/09UK market lags global stocks on mounting Brexit fears
RE
10/07J SAINSBURY : Sainsbury's and Argos announce national rollout of hidden disabili..
PU
10/07Unilever pledges to halve its use of new plastic by 2025
RE
10/03In turbulent times, Tesco's new boss has something to build on
RE
More news
Financials (GBP)
Sales 2020 29 040 M
EBIT 2020 1 009 M
Net income 2020 407 M
Debt 2020 1 065 M
Yield 2020 4,78%
P/E ratio 2020 12,9x
P/E ratio 2021 12,1x
EV / Sales2020 0,20x
EV / Sales2021 0,19x
Capitalization 4 824 M
Chart J SAINSBURY PLC
Duration : Period :
J Sainsbury plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends J SAINSBURY PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 233,50  GBp
Last Close Price 2,19  GBp
Spread / Highest target 12 697%
Spread / Average Target 10 572%
Spread / Lowest Target 8 127%
EPS Revisions
Managers
NameTitle
Michael Andrew Coupe Chief Executive Officer & Executive Director
Martin A. Scicluna Chairman
Simon John Roberts Director-Retail & Operations
Kevin O'Byrne Chief Financial Officer & Director
Richard Philip Newsome Director-Digital & Technology
Sector and Competitors
1st jan.Capitalization (M$)
J SAINSBURY PLC-18.91%6 081
WALMART INC.28.32%339 664
ALIMENTATION COUCHE-TARD INC.15.83%33 822
SM INVESTMENTS CORPORATION--.--%23 449
AVENUE SUPERMARTS LTD17.61%16 353
COLES GROUP LIMITED31.18%13 869