The Initiative now has more than 40 core members. The New Plastics Economy Initiative has announced that five more organizations have joined the group. The five organizations joining the Initiative are Circular Flanders, NatureWorks, The New York City Economic Development Corp., Sealed Air and TerraCycle. The five join Amcor, The Coca-Cola Company, Danone, MARS, Novamont, Unilever and Veolia, the initiative’s core partners. At the present time there are 40 members of the Initiative. The three-year initiative has been designed to develop a plastics system that works. According to the organization, the Initiative seeks to apply the principles of the circular economy; bring together key stakeholders to rethink and redesign the future of plastics, starting with packaging; and work to develop new strategies to increase recycling rates and introduce new models for making better use of packaging. The Initiative is led by the Ellen MacArthur Foundation. The New Plastics Economy launched in London in May 2016. In January the initiative presented its latest research findings to business and government leaders at the World Economic Forum in Davos. To see a complete listing of the Initiative's member organizations, click here.