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

by Shivani Kumaresan, Benzinga Staff Writer

April 27, 2022 11:44 AM | 1 min read |

Mattel Inc 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.