• High value solutions: Amcor CEO, Peter Konieczny,
    High value solutions: Amcor CEO, Peter Konieczny,
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Amcor’s CEO, Peter Konieczny, has joined 20 other CEOs from some of the world’s largest companies in signing an open letter from Business For A Plastics Treaty to address plastic pollution at a global level.

The 21 business leaders have signed an open letter for a global plastics treaty ahead of next month’s UN treaty negotiations to curb plastic waste in Busan, Republic of Korea.

Amcor said that by “working together with policymakers worldwide, we have an opportunity to truly advance a circular economy for plastics”.

According to Business For A Plastics Treaty, the development of a legally binding UN treaty is a “once-in-a-generation opportunity to tackle the plastic pollution crisis in a globally coordinated way.”

“We must act urgently on a global, coordinated scale to accelerate the transition towards a circular economy for plastics, or the plastic pollution crisis will only get worse.”

The Business Coalition for a Global Plastics Treaty brings together +230 businesses committed to supporting the development of an ambitious, effective and legally binding UN treaty to end plastic pollution.

The coalition is convened by the Ellen MacArthur Foundation and WWF, in collaboration with aligned businesses and supported by strategic NGO partners.

The coalition will develop ambitious policy recommendations, engage with treaty negotiators, and build confidence in the business community on the benefits and necessity of an effective treaty that sets common goals, rules, and obligations to be implemented in national jurisdictions.

Food & Drink Business

Victoria has brought together startup agency, LaunchVic, and the $2 billion Breakthrough Victoria fund to launch Innovation Victoria – the next stage of the state’s innovation ecosystem investment.

Treasury Wine Estates, in partnership with Australian Grape & Wine, Wine Australia and the China Alcoholic Drinks Association, is looking for four Australian viticulturists and winemakers to participate in the second year of the Australia-China Winemaker Immersion Program – with applications closing 26 July.

Coles Group has ended discussions with private equity firm TPG Capital over a potential acquisition of Greencross Pet Wellness Company, walking away just over two weeks after confirming it was undertaking due diligence on the pet retail and veterinary group.