Highlights of the memorandum include: recycling at least 100 tons of empty plastic bottles each year for three years; increase the ratio of using recycled empty bottles for Amorepacific products and furnishings, 10% in the first year, 20% in the second and 30% in the third year; and achieve 100% recycling of empty bottles and 50% of those used for products and furnishings by 2025.
Saehong Ahn, president of Amorepacific Corporation said, "Plastic issue is now a common social problem which companies should also take part in." He added, "Amorepacific will prepare for the age of 'No Plastic' by reusing collected empty bottles and developing environmentally-friendly materials. Through positive cooperation with TerraCycle, we will make the Earth beautiful with our contribution to responsible consumption and production."
Starting with innisfree in 2003, Amorepacific Group has collected a total of 1,736 tons of empty cosmetic bottles (as of 2018) and is currently studying various recycle possibilities to minimize the damage to nature induced by these containers. The company has also been continuing its GREENCYCLE campaign, an environmental CSR activity of recycling empty cosmetic bottles or upcycling them into creative artworks.
TerraCycle is a global environmental company dedicated to the world which is now facing significant environmental problems. Its goal is to eradicate the wasting of resources and achieve zero-waste. The company is currently providing recycle-related consulting services in 21 countries and taking the lead in environmental preservation of the future by recycling cigarette butts and snack packaging.
CUTLINE: Saehong Ahn, president of Amorepacific Corporation (L), and Eric Kawabata, the Asia-Pacific Manager of TerraCycle, have signed an MOU at Amorepacific Headquarters for recycling empty bottles.