Investors managing $10 trillion urge faster corporate action on plastics

Source: https://www.reuters.com/business/sustainable-business/investors-managing-10-trln-urge-faster-corporate-action-plastics-2023-05-04/

Authors: Simon Jessop and Helen Reid

LONDON, May 4 (Reuters) - Investors including Pictet and Amundi managing $10 trillion in assets, signed a statement urging consumer goods and grocery companies to do more to cut their use of plastic packaging amid rising costs and risks. The group of 185 investors, coordinated by the Dutch Association of Investors for Sustainable Development (VBDO), said plastics imposed an estimated $350 billion a year in costs on society from emissions, pollution and collection costs.