250 organisations including companies, governments and NGOs commit to "new normal" for plastic packaging
In keeping with its environmental, social and governance (ESG) approach and activities , BNP Paribas Asset Management is proud to be one of the more than 15 financial institutions to endorse the Global Commitment to eradicate plastic waste and pollution at the source.
The 250 signatories include companies representing 20% of all plastic packaging produced globally. The Global Commitment and its vision for a circular economy for plastic are supported by the World Wide Fund for Nature (WWF) and have been endorsed by the World Economic Forum, The Consumer Goods Forum and 40 universities, institutions and academics.
Businesses that sign the commitment will publish annual data on their progress to help drive momentum and ensure transparency. Targets include:
Eliminating unnecessary and problematic plastics is an essential part of the Global Commitment vision and will make it easier to keep remaining plastics in the economy and out of the environment.
The New Plastics Economy Global Commitment is led by the Ellen MacArthur Foundation, in collaboration with UN Environment and was officially unveiled at the Our Ocean Conference in Bali.