Big investors call on companies to slash use of plastics

Source: https://www.ft.com/content/20461b08-76d4-4413-bebd-49b78c3f5de9

Authors: Attracta Mooney and Chris Flood

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https://www.ft.com/content/20461b08-76d4-4413-bebd-49b78c3f5de9

A coalition of investors that oversee $10tn in assets has called on companies including Amazon, PepsiCo and McDonald’s to drastically reduce their reliance on plastics, saying a failure to do so exposes them to financial risks. The 183-strong group has written to 30 of the world’s biggest grocery, retail and consumer goods companies to warn that continued production of plastics poses risks to public health, biodiversity, climate change and human rights.