The Strategist

Alliance of large global companies takes on fight against plastic pollution


01/17/2019 - 11:55



On Wednesday, large international companies announced creation of a new organization whose task will be to develop and implement solutions to combat environmental pollution, in particular water resources, plastic waste.



Kevin Krejci
Kevin Krejci
The Alliance to End Plastic Waste (AEPW) includes about thirty companies. David Taylor, who is Chairman of the board of directors, President and Chief Executive Officer of Procter & Gamble, has been appointed as its head, the company said in a press release.

AEPW members formed an initial fund of $ 1 billion. In the next five years, it is planned to invest $ 1.5 billion in initiatives to remove plastic waste from the environment.

Funds will be directed, in particular, to clean the ten largest rivers in the world.

According to Ocean Conservancy organization, almost 80% of plastic garbage enters the ocean from land, and most of it is gathered along rivers. Moreover, one study found that 90% of plastic waste in the ocean comes from the world's largest rivers: eight in Asia and two in Africa. At the same time, 60% of the garbage enters the ocean from five states of Southeast Asia.

“Plastic waste that pollutes the oceans and the environment is a serious global problem that requires decisive and operational action. The new alliance is the largest and most serious project to combat environmental pollution with plastic,” Taylor said. “I call on all large companies and representatives of small and medium businesses from all regions and sectors to join this initiative."

AEPW includes representatives from the chemical industry, manufacturers of consumer goods and plastics, retailers, processing and recycling companies from North and South America, Europe, Asia, Africa and the Middle East, including BASF, Chevron Phillips Chemical, Dow, Eni, ExxonMobil, Formosa Plastics, Henkel, Mitsubishi Chemical, Reliance Industries, SABIC, Sasol, SUEZ, Shell and Total.

The Alliance will develop solutions to minimize plastic waste pollution and control it, as well as introduce plastic recycling schemes, contributing to the development of a waste-free economy.

source: reuters.com




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