Onboarding finance to beat plastic pollution

The increase in plastic production and consumption has led to a significant increase in plastic waste and pollution. This contributes to the triple planetary crisis of climate change, biodiversity loss and pollution, and poses a growing threat to human rights and public health, requiring an urgent and coordinated response from the international community. In 2022, UN member states adopted a landmark resolution to develop a legally binding international instrument to end plastic pollution. Negotiators are now preparing for the fourth session of the Intergovernmental Negotiating Committee (INC-4) which will take place in April 2024.

During this webinar and prior to INC-4, UNEP FI, PRI, the Finance for Biodiversity Foundation, the Business Coalition for a Global Plastics Treaty (Ellen MacArthur Foundation/WWF), the Dutch Investors Association for Sustainable Development and CDP will open the Financial Statement on Plastic Pollution for signature.

All financial institutions, including investors, asset managers, asset owners, banks and insurance companies, as well as financial industry associations and other finance-related initiatives are invited to sign the declaration to call on governments for an ambitious plastics treaty that creates the mandatory framework and enabling environment for the private financial sector to fully play its role in ending pollution by plastics.

Speakers will highlight the importance of a sustainable, safe and fair circular economy of plastics and the crucial role of finance in making this transition possible.

Finally, the webinar will outline a variety of ways financial institutions can participate in the global fight to defeat plastic pollution and align their activities with the goal of eliminating plastic pollution.

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