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Global Businesses, FIs, NGOs Unite Against Plastic Pollution

Eighty-five global businesses, financial institutions and NGOs have announced plans to launch a Business Coalition for a Global Plastics Treaty. Led by the Ellen MacArthur Foundation and WWF, the treaty aims to accelerate progress towards a circular economy and ending plastic pollution by developing ambitious policy recommendations, engaging with treaty negotiators, and building confidence in the business community on the benefits of an effective global plastics treaty. Erin Simon, Head of Plastic Waste and Business at WWF, said: “The plastic crisis extends beyond all borders, impacting the health of our oceans and wildlife, and the livelihoods of people from major cities to small coastal communities. The scope and scale of this global issue must be met with equally ambitious solutions. The Business Coalition for a Global Plastics Treaty will push strongly for a framework that leaves the business-as-usual approach at the door and ushers us into a new era where ending plastic pollution is finally within reach.” The negotiation process for the treaty will conclude at the end of 2024. Environmental disclosure platform CDP has also announced that it is expanding its global environmental disclosure system to include plastics. The expansion will include the addition of questions and metrics on plastics in the annual disclosure questionnaires, which will be informed by existing frameworks, such as the Ellen MacArthur Foundation and UNEP’s Plastics Economy Global Commitment framework. The pilot for plastics disclosures will run in 2023.

 

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