Investors take on plastic pollution
Back in 2018, the shareholder advocacy organization As You Sow launched the Plastic Solutions Investor Alliance, “an international coalition of investors that will engage publicly traded consumer goods companies on the threat posed by plastic waste and pollution.” Even casual readers of NERC’s weekly blogs are likely to be well aware of the danger to the environment posed by plastic pollution, given the prominent attention given to it in mainstream publications.
At the time of its inception, As You Sow’s Alliance consisted of 24 investment organizations with a combined $1 trillion in assets under management. As of January 14, the number of signatories has increased to 53 and the total assets under management at present exceeds $2.7 trillion, ratcheting up shareholder pressure on corporations to address the following measures:
- Transition…