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BNPP AM endorses Global Commitment to eliminate plastic pollution

ESG/SRI

BNP Paribas Asset Management
 

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 [1], 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:

  • Eliminate problematic or unnecessary plastic packaging and move from single-use to reuse packaging models
  • Innovate to ensure 100% of plastic packaging can be easily and safely reused, recycled, or composted by 2025
  • Circulate the plastic produced, by significantly increasing the amounts of plastics reused or recycled and made into new packaging or products.

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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.

[1] for more on BNPP AM’s approach – as a responsible investor, click here / as a responsible company, click here

For sustainable and responsible investing with BNPP AM, click here

For Investors’ Corner blog posts on SRI, click here

 

 

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