In collaboration with our partners and stakeholders, we are working towards our ambition to strive for zero environmental impact in our operations. We have set clear commitments and objectives to use sustainably managed and renewable resources, operate more efficiently, achieve zero waste for disposal, and improve water management. We also continue to actively participate in initiatives that reduce food loss and waste, and that preserve our forests, oceans and biodiversity.
Our 2030 ambition: Strive for zero environmental impact in our operations
Natural resources are becoming more constrained. Biodiversity is rapidly declining and forests are still disappearing. Water is increasingly scarce. Moreover, climate change will exacerbate all the challenges that we are currently facing. In addition, one-third of the food produced is either lost or wasted every year. As the world’s largest food and beverage company, we must use the planet’s resources wisely and draw our global influence to effect positive change and grow sustainably.
We're investing up to $2 billion to lead the shift from virgin plastics to food-grade recycled plastics, and to accelerate the development of sustainable packaging solutions. Packaging innovation, including new materials, refill systems and recycling solutions, is another key challenge on the path towards a waste-free future. In addition to our significant research through the Nestlé Institute of Packaging Sciences, we're launching a $250 million sustainable packaging venture fund to invest in start-up companies that focus on these areas.
This new investment will help us meet our commitment to make 100% of our packaging reusable or recyclable by 2025. The amount of packaging we’d save by doing this is equivalent to taking 127 million trash bags out of landfill. The climate impact will be like taking 600,000 cars off the road for a year, or powering 500,000 homes for a year.