What's Happening?
Over 700 businesses and more than 300 organizations are actively supporting a global treaty aimed at ending plastic pollution. Despite significant backing, negotiations have yet to finalize the treaty's scope and structure. The Ellen MacArthur Foundation
(EMF) has launched the 2030 Plastics Agenda for Business, encouraging companies to collaborate on circular economy initiatives. This agenda builds on the Global Commitment, which has seen companies like Nestlé, PepsiCo, and Unilever reduce virgin plastic use by 14 million tonnes. However, challenges remain, such as scaling reuse systems and improving recycling infrastructure.
Why It's Important?
The development of a global plastics treaty is crucial for addressing the environmental impact of plastic waste, which is projected to reach 225 million tonnes this year. With only 68% of this waste being managed effectively, the remainder contributes to pollution. The treaty aims to foster stronger public policies and collective action, which could lead to significant reductions in plastic waste and promote sustainable practices. Companies that engage early in these efforts may benefit from shaping future regulations and reducing transition costs.
What's Next?
The next 12 months are critical for the treaty's development, with the EMF urging more companies to join the Global Commitment. The focus will be on overcoming systemic barriers in reuse and recycling, and on advocating for stronger government policies. The outcome of these negotiations could set a precedent for international cooperation on environmental issues and influence future sustainability strategies across industries.
