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Benzinga
Benzinga
Business
Shivani Kumaresan

Mattel Sets Goal To Slash Plastic Packaging By 25% Per Product By 2030

MAT (Organization) Mattel Mattel, Inc. Nasdaq
  • Mattel Inc (NASDAQ:MAT) plans to reduce plastic packaging by 25% per product by 2030.
  • The new goal is featured in the company's 2021 Citizenship Report, providing a progress update on the Environmental, Social, and Governance (ESG) strategy.
  • Also Read: Why Mattel Shares Are Trading Higher Today
  • Mattel's ESG strategy and goals are organized into three pillars, sustainable design and development; responsible sourcing and production; and thriving and inclusive communities.
  • The company is focused on reducing plastic materials from product packaging, including polybags, window sheets, and blister packs, as part of its packaging strategy.
  • Price Action: MAT shares are trading higher by 12% at $24.78 on the last check Wednesday.
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