Investors urge plastic producers to act amid recycling setbacks
"There is a pressing need to focus on the entire plastics value chain, which includes these polymer producers."
Investors with nearly US$7 trillion of assets under management are urging petrochemical firms to cut their dependency on fossil fuels and eliminate toxic polymers, as global brands continue to face plastic recycling setbacks.
70 international financial institutions with a combined total of US$6.8 trillion in assets under management have signed a collective statement organised by NGO Planet Tracker to ask petrochemical companies to “transition to safe and environmentally sound practices, by reducing fossil fuel dependency and eliminating hazardous chemicals”.
