Herbalife Nutrition Expands Co – GuruFocus.com

LOS ANGELES, June 2, 2022 /PRNewswire/ — In commemoration of the upcoming World Oceans Day on June 8, 2022, premier international vitamin firm, Herbalife Nutrition, right this moment introduced a two-year international accountability partnership with Plastic Bank, a social enterprise that’s empowering Ocean Stewards around the globe to cease ocean plastic. Through this partnership, Herbalife Nutrition goals to stop over 400,000 kilos of plastic from getting into oceans by finish of yr 2023. Additionally, the group supplies an financial alternative for Plastic Bank’s neighborhood members in Indonesia, who trade plastic waste at native assortment branches for life-improving advantages.This effort additional expands Herbalife Nutrition’s dedication to recycling and eliminating plastic waste, whereas additionally contributing to its goal to achieve 50 million positive impacts that nourish people and planet by its 50^th anniversary in 2030.

“The well being of our planet impacts the well being of people,” mentioned Erin Richards-Kunkel, senior director of Strategic Partnerships and CSR, Herbalife Nutrition. “Our partnership with Plastic Bank will assist enhance the world’s oceans whereas making a monetary alternative for individuals to hitch this effort.”

Plastic covers 40 p.c of the world’s ocean floor which ends up in roughly $13 billion in financial harm to marine ecosystems, in accordance with the United Nations Environment Program.

“We commend Herbalife Nutrition for selecting to face on the precise facet of historical past and serving to to save lots of the ocean from plastic. Ocean Stewardship is creating alternatives for socioeconomic development of assortment communities around the globe,” mentioned David Katz, Founder and CEO, Plastic Bank. “By providing secure, safe, and traceable sources of revenue to our assortment neighborhood members, collectively we will empower them to cease ocean plastic and transcend poverty.”

The new partnership is an addition to different energetic Herbalife Nutrition recycling applications. In greater than a dozen markets around the globe, the Company has applied ongoing, native recycling initiatives on the Company’s Sales and Distribution Centers to incentivize recycling of firm product packaging and educate prospects about recycling and waste discount. Some markets have additionally fashioned particular person partnerships with native organizations, such because the Green Antz partnership in the Philippines, remodeling used product canisters and bottles into inexperienced constructing supplies. Herbalife Nutrition Brazil participates within the “Give a Hand to the Future” program organized by the Personal Hygiene Perfumery and Cosmetics Industries Brazilian Association (ABIHPEC), to spend money on infrastructure for recycling cooperatives and coaching for his or her workers.

In its Global Responsibility Report: Nourishing People and the Planet, launched final yr, the Company additionally discusses its objectives to cut back using plastic and use extra recycled supplies like PCR (post-consumer resin), whereas additionally reducing the general quantity of packaging for its vitamin merchandise globally.

For extra info on Herbalife Nutrition’s international accountability efforts, please go to www.IAmHerbalifeNutrition.com/global-responsibility/.

About Herbalife Nutrition
Herbalife Nutrition (NYSE: HLF) is a worldwide vitamin firm that has been altering individuals’s lives with nice vitamin merchandise and a enterprise alternative for its impartial distributors since 1980. The Company gives science-backed merchandise to shoppers in 95 markets by entrepreneurial distributors who present one-on-one teaching and a supportive neighborhood that conjures up their prospects to embrace a more healthy, extra energetic way of life. Through the Company’s dedication to nourish individuals, communities and our planet, Herbalife Nutrition pledges to attain 50 million optimistic impacts – tangible acts of fine – by 2030, its fiftieth anniversary.

For extra info, please go to IAmHerbalifeNutrition.com.

About Plastic Bank
Plastic Bank empowers Ocean Stewards to cease ocean plastic. Our moral assortment communities trade plastic for life-improving advantages. Exchanges are secured by means of a blockchain platform that allows traceable assortment, secures revenue and verifies reporting. Collected materials is processed into Social Plastic feedstock for reuse in merchandise and packaging.

PlasticBank®, Social Plastic® and Alchemy™ are emblems of The Plastic Bank Recycling Corporation.

Learn extra at plasticbank.com.

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SOURCE Herbalife Nutrition (NYSE: HLF)