Plastic pollution threatens the function of the world’s terrestrial, ocean and freshwater ecosystems, which serve as sanctuaries for biodiversity, vital food sources and major carbon sinks.
Despite the scale of the problem and extent of its impacts, many companies still have a limited understanding and disclosure of how they contribute to the plastic crisis. Their exposure to commercial, legal, and reputational risks linked to their dependence on plastics is unknown. As a result, decision makers lack clear, comprehensive, comparable plastic-related data across the global economy. Voluntary disclosure on plastics at scale will be critical in bridging this gap.
CDP, with expertise and support from The Pew Charitable Trusts, Minderoo Foundation, and The Ellen MacArthur Foundation, is now expanding its global environmental disclosure system to help solve the plastic pollution problem. This expansion will include questions and metrics on plastics, informed by existing frameworks including the Ellen MacArthur and UNEP’s New Plastics Economy Global Commitment framework, providing decision makers with clear, comprehensive, and comparable data on the production, use and disposal of plastics across the global economy.
Our goal is to build a plastics disclosure and reporting initiative that is comparable to carbon. It should inform companies of their plastics footprint, guide governments on policy and leverage the power of nearly 700 financial institutions to take action to reduce plastic pollution.