Onboarding finance to beat plastic pollution

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Presented by

Jan Raes, Finance and Plastics Lead, UNEP FI

About this talk

The surge in the production and consumption of plastic has led to a significant increase in plastic waste and pollution. This contributes to the triple planetary crisis of climate change, biodiversity loss and pollution, and pose a growing threat to human rights and public health, demanding an urgent and coordinated response from the international community. In 2022, a historic resolution was adopted by UN Member States to develop an international legally binding instrument to end plastic pollution. The negotiators are now preparing for the fourth session of the Intergovernmental Negotiating Committee (INC-4) that will take place in April 2024. During this webinar and ahead of INC-4, UNEP FI, PRI, Finance for Biodiversity Foundation, the Business Coalition for a Global Plastics Treaty (Ellen MacArthur Foundation/WWF), the Dutch Association of Investors for Sustainable Development and the Carbon Disclosure Project will open the Finance Statement on Plastic Pollution for signatures. All financial institutions including investors, asset managers, asset owners, banks, and insurance companies, as well as financial industry associations and other finance-related initiatives are invited to sign the statement to call on governments for an ambitious plastics treaty that creates the mandatory framework and the enabling environment for the private finance sector to fully play its role in ending plastic pollution. Speakers will highlight the importance of a sustainable, safe, and just circular plastics economy and the crucial role of finance in enabling this transition. Finally, the webinar will outline various ways through which financial institutions can take part in the global fight to beat plastic pollution and align their activities with the objective of eliminating plastic pollution.
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United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 240 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them. UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.