Local Pensions Partnership Investments supports the call for a legally-binding UN Treaty on plastic pollution at the upcoming UN Environment Assembly in Nairobi.
The plastic pollution challenge requires a globally coordinated approach and clear common standards across all markets to drive progress.
Matthew Hannay, LPPI's Senior Equity Analyst ESG (Global Equities) commented:
“As part of its broader engagement efforts over the past year, the internal equity team has identified plastic pollution as a key theme.
“We believe not only is there a clear business case for a treaty on plastic pollution, but also that our firm commitment to a treaty should improve the overall effectiveness of our engagements in this area.”
Local Pensions Partnership Investments will continue to engage on plastics pollution throughout 2022.
Every year millions of tonnes of plastic leaks into the environment harming people and nature and contributing to the climate crisis.
Individual citizens, companies, and countries can’t solve the problem on their own, and although many have taken important voluntary steps, we all need to work together to achieve scale.
The goal of the UN Treaty is to create a circular economy for plastics. A legally-binding international treaty would establish a set global rules and regulations that will help achieve this goal.
From 28 February to 3 March 2022, in Nairobi, the UN will hold the fifth session of the UN Environment Assembly (UNEA 5.2), which presents an opportunity for governments to discuss and agree next steps.
On 31 January, WWF and the Ellen MacArthur Foundation (EMF) launched a joint campaign to put a spotlight on this critical moment and to drive the urgency to start the negotiation process of a new treaty at UNEA.
The campaign draws attention to the problem and the solution and will provide a platform for businesses and government officials around the world to pledge their support for a UN Treaty on plastic pollution.
Learn more about the campaign here or watch the video
Learn more about WWF
Learn more about the Ellen MacArthur Foundation