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Nestle

Ecosystem SIX Swiss Exchange: NESN
Headquarters
Vevey, CH
Segment
Brand Owners & Retailers
Stories held
1
Last story
16 Sep 2026

Nestle is a Swiss food and beverage group headquartered in Vevey, with brands spanning coffee, dairy, confectionery, infant nutrition, pet care and bottled water sold worldwide. It is one of the largest food companies globally by revenue, reporting sales of over CHF 90bn annually, and is listed on the SIX Swiss Exchange.

1 stories · 2026

Six FMCG groups form consortium to develop paper-based flexible packaging

Colgate-Palmolive, Mars, Nestlé, PepsiCo, Procter & Gamble and Unilever have become founding members of the PaperFlex Consortium, convened by the Ellen MacArthur Foundation and (RE)SET, to jointly fund and trial paper-based alternatives to flexible plastic packaging such as sachets, wrappers and pouches. The consortium targets markets where flexible plastic use is high but collection and recycling infrastructure is limited, and remains open to further brand owners, innovators, suppliers and investors. Each member will continue to make its own packaging decisions independently.

Why this mattersA joint R&D push by six of the largest packaging buyers could accelerate paper-based substitutes for flexible plastic, reshaping demand for converters and material suppliers.

  • Colgate-Palmolive, Mars, Nestle, PepsiCo, Procter & Gamble and Unilever are founding members of the PaperFlex Consortium.
  • The consortium is convened by the Ellen MacArthur Foundation and powered by (RE)SET.
  • Work will cover technologies including biodegradable coatings to improve product protection, shelf life and manufacturing-line performance of paper-based materials.
  • The initiative follows an Ellen MacArthur Foundation report published earlier in 2026, endorsed by 48 businesses, NGOs, investors and academics, setting six design criteria for paper-based alternatives.
  • Flexible plastic packaging, including sachets, wrappers and pouches, is described by the Foundation as the fastest-growing type of plastic packaging globally.
  • The consortium remains open to additional FMCG companies, innovators, suppliers and investors.
PepsiCo Colgate-Palmolive Mars Nestle Procter & Gamble Unilever Ellen MacArthur Foundation counterparty (RE)SET counterparty Nestlé
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