A new front has opened in the war against single-use plastic.
A report by The Minderoo Foundation Pty Ltd. reveals the massive contribution to single use plastic made by a small number of polymer makers. The report, The Plastic Waste Makers Index, highlights five significant findings about the plastics industry and plastic pollution.
These include the fact that just 20 polymer manufacturers accounted for more than 50% of all single-use plastic waste generated worldwide in 2019. Minderoo Identifies these companies as the source of the single-use plastic crisis.
It also concludes that the world’s biggest investors and banks play an enabling role in the single-use plastics crisis.
The report also criticized the “collective industry failure” to move away from fossil-fuel-based feedstocks and plans to expand the production capacity of virgin polymer that it says pose a threat to the creation of a circular plastics economy.
Minderoo call for regulation and policy changes, specifically requiring polymer producers and investors and banks to disclose involvement in the production or processing of single-use plastic.
The authors say single-use plastic waste is an unshakable geopolitical problem that will require enormous political will to be dismantled.
A forward by Al Gore helped the report receive wide coverage.
[Image Credit: © The Minderoo Foundation Pty Ltd.]