This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9H0HT_L.jpg
The activist investor, which won an against-the-odds board challenge against Exxon Mobil Corp (NYSE:XOM) last year, is calling for Coca-Cola to invest in or partner with a waste-management company to develop additional recycling capacity, the report said, citing people familiar with the matter.
Coca-Cola aims to have 100% of its packaging recyclable globally by 2025 and use at least 50% recycled material in its packaging by 2030, according to its sustainability goals.
The investor has suggested a partnership between Coca-Cola and garbage collection and recycling company Republic Services Inc (NYSE:RSG), in which Engine No. 1 holds a stake, the report said, adding that Coke executives have reached out to Republic.
Coca-Cola, Engine No. 1 and Republic did not immediately respond to Reuters’ requests for comment.
