185 recognised investors call on companies to act more drastically against the plastics crisis
Link
Through an initiative coordinated by VBDO (the Dutch Association of Investors for Sustainable Development), 185 investors, including LBP AM, have joined forces to urge companies to act more drastically in addressing the plastics crisis.
In accordance with LBP AM’s Biodiversity Policy released in December 2022 with the aim of controlling its impact on nature, this advocacy initiative kicks off a collaborative engagement campaign. It strengthens LBP AM’s stance in favour of a circular economy that respects planetary limits.
- 185 investors, with a total of USD 10,000 billion in assets under management, have signed a joint declaration calling on companies to take a more radical approach to reducing their reliance on plastic.
- They have called on those companies that consume the most plastic packaging – such as large retailers and the food industry – to take faster action in addressing the plastics crisis.
- Companies must reduce their consumption of single-use plastic packaging considerably, replacing it with reuse systems for packaging; they must also phase out chemicals that are used in plastics, and should advocate for, not against, policies supporting these initiatives.
USD 100 billion each year: the estimated cost to society of plastics pollution (including environmental clean-up, damage to ecosystems, reduced lifespans, and related healthcare needs)
Between 75 and 199 million tonnes: the weight of plastic waste in the oceans (but the crisis goes well beyond the marine environment)
More than 3000: the number of potentially toxic chemicals identified in food packaging. There is a close correlation between plastics’ lifecycle and a growing risk of exposure to toxic chemicals.
Over their entire lifecycle, single-use plastics in 2021 produced greenhouse gas emissions that were equivalent to the total annual emissions of the United Kingdom.
To find out more :
For VBDO’s full press release on the 185-investor declaration, click here
Click here for the 185-investor declaration.
LBP AM’s involvement with investors who launched this declaration is one way in which it expresses its policy for preserving biodiversity.
Click here for our biodiversity policy
Click here for the latest column by Emmanuelle Mourey, on investment and biodiversity