By Maitane Sardon
SAP SE (SAP.XE) said Monday it is launching a marketplace to connect plastic buyers with suppliers of recycled plastics as part of its goal to help reduce plastic pollution.
The move comes amid increasing concern over the impact of single-use plastics on the world's biodiversity. About 40% of plastic produced globally is used for product packaging every year but less than one fifth is recycled, according to National Geographic.
The German maker of business software said the marketplace will be created using its business-to-business network Ariba.
The network will help buyers connect with suppliers of plastic that has been recycled and certified by social enterprises. It will also allow brands connect with sources of materials that are alternatives to plastic.
"Even a small portion of global spend on packaging redirected to pre-certified suppliers of recycled plastics and alternatives can have a tremendous impact, ranging from the livelihood of waste pickers around the world to the environment and quality of the end products," said Padmini Ranganathan, global vice president of sustainability and supplier risk solutions at SAP Ariba.
The initiative, SAP said, is part of its Plastics Cloud pilot program, which it launched last year to collect existing and live data from across the U.K. plastics supply chain.
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