-Mission 2.0cean Launches to Support Programs Working Towards Plastic-Free Seas-
PROVIDENCE, RI – March 4, 2014 – As the only company in the Northeast offering 100 percent post-consumer recycled packaging, Rhode Island-based Packaging2.0 is excited to announce that it is now a Benefit Corporation. By voluntarily meeting higher standards of transparency, accountability, and performance, Benefit Corporations have distinguished themselves in a cluttered marketplace by offering a positive vision of a better way to do business. Packaging2.0 joins over 950 businesses from 32 countries and 60 industries, and is the first benefit corporation in Rhode Island. The community continues to grow and works together toward one unifying goal: to redefine success in business.
“As a Benefit Corporation, Packaging2.0 must have a positive impact on society to create benefit for all stakeholders and the public, not just shareholders,” said Michael Brown, Packaging2.0 President. “To do so, requires that we act with the understanding that we are each dependent upon each other and future generations.”
By assisting client companies, such as Whole Foods Market, in bringing environmentally responsible packaging to their businesses, it is one step further towards Packaging2.0’s goal of helping to double the recycling rate for # 1 plastic. In the past few decades, only 30 percent of all PET is being recycled in the U.S. Despite laws and regulations, plastic continues to enter the world’s oceans at a rate of about five million pieces a day. The bulk of it enters as litter transported via storm drains and watersheds.
Through a new initiative, called Mission 2.Ocean, Packaging2.0 aims to raise levels of awareness about plastic packaging pollution and help create and fund programs locally and globally to reduce levels of plastic pollution in the world’s waters and on shores. Learn more about Mission 2.Ocean: http://www.mission2ocean.com/.
“Over the years, I have developed an immense love and respect for our oceans, lakes, and rivers,” Brown said. “Mission 2.Ocean is my way of helping protect and preserve the environmental balance essential to ensure future generations have a chance to experience it in the same way. Through this new initiative, we will support a wide range of efforts and organizations who share our goals to reduce ocean plastic pollution through prevention, innovation, education, science, and action-based efforts.”
Packaging2.0’s commitment to this includes active participation in expeditions, beach cleanups, and fundraising in addition to measuring the problem and increasing recycling rates to levels far beyond where they are today. The company will also continue to connect activists, educators and scientists to the plastics industry and end-users.
Brown continued, “The goal of this collaboration is also to further recycling as one major solution to the plastic marine debris issue. We have asked even our largest customers and suppliers to join with us in supporting our actions. Last year we sold over 10 million packages through a supply chain comprised of thousands of people across the country. By mobilizing even a fraction of this industrial and human might, we know that we can help be the change.”
About Benefit Corporations
Rhode Island House Bill H 5720 provides for Benefit Corporation status for businesses in Rhode Island. According to the Bill, the company must state its public benefit and publish an annual benefit report covering the ways in which the company pursued general public benefit during the year. It also needs to provide the extent to which general public benefit was created against a third-party standard applied consistently.
Packaging 2.0 is in the process of selecting a third party standard and auditor to be sure it meets rigorous standards of social and environmental performance, accountability, and transparency. One example of a third party is B Lab, a 501(c)3 nonprofit that serves a global movement of entrepreneurs using the power of business to solve social and environmental problems. Learn more: http://www.bcorporation.net/.
Packaging 2.0, Inc. is located in Providence, RI and sells and markets thermoformed plastic packaging made primarily from recycled plastics. Started in 2002 to address the growing need for sustainable packaging solutions Packaging 2.0 provides front-end design services, manufacturing and delivery of innovative packaging products.
In 2013 Packaging2.0 sold over 10 million packages made from over one million pounds of recycled plastic resin. This saved one million kilowatts of energy and 600 tons of greenhouse gas versus if the company used virgin plastic. This is the equivalent to taking over 100 cars off the road for one year. Learn more: http://www.packaging2.com/.