These new members included global brands and businesses from Asia, Europe, the Middle East and the US. One of these new members is Mainetti, is the world’s largest garment hanger company, with a portfolio that also includes packaging, branding, and supply chain solutions.
The company has joined the over 500 other signatories of the Global Commitment, which sets ambitious targets to commit to changing how plastic is produced, used, and reused plastic.
“We have shared the Foundation’s commitment to building a robust global circular economy framework since our inception in the 1960’s,” said Keith Charlton, Chief Operations Officer at Mainetti .
In the 1960s, Mainetti pioneered hanger recycling — each reclaimed hanger reduces carbon emissions by at least 80% compared with new plastic hangers.
The targets that Mainetti has now agreed include converting 60 per cent of their hanger production by tonnage to recycled materials by 2025, achieving a minimum of 75 percent renewable energy use by 2025 and eliminating the purchase of all single-use plastic water bottles.
Mainetti, which has a network of 14 manufacturing and recycling operations around the world has also joined the Foundation’s Network, a collaborative network of businesses, innovators, cities and governments, universities and thought leaders, who work together to accelerate the adoption of circular economy practices and processes that maximise the use of resources.