Turning the Tide on Plastic Waste and Pollution
Date: Tuesday, 24 October 2023
Time: 15:00-16:00 BST / 16:00-17:00 CEST
Platform: Online
Plastic pollution is a global challenge and systemic issue, exposing financial institutions to a range of material financial risks. Every year we produce 300 million tonnes of plastic waste (more than the weight of the entire human population) and only 9% of this is recycled.
International action has been increasing. The Kunming-Montreal Global Biodiversity Framework (target 7), calls for the reduction of pollution risks from all sources by 2030, including ‘preventing, reducing, and working towards eliminating plastic pollution’ as part of this.
Additionally, last year saw the adoption of a resolution at the UN Environment Assembly, to end plastic pollution and create an international, legally binding agreement on plastics. This resolution was supported by 175 nations and is currently under development between now and 2024. Although policies and regulations on plastic use have risen dramatically in recent years, this agreement has the potential to make a substantive difference by harmonising goals and action from policymakers worldwide.
Ahead of the upcoming third round of negotiations in November to develop this agreement, this webinar explores:
- Why plastic waste and pollution is a risk to financial institutions, including the opportunities of a circular economy for plastics to address climate and biodiversity risks;
- How financial institutions can take action to address this issue; and
- How financial institutions can engage with the UN global agreement currently under development.
SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 14: Life Below Water | Target 14.1: By 2025, prevent and significantly reduce marine pollution of all kinds, particularly from land-based activities, including plastic debris and nutrient pollution | No specific indicators mentioned in the article |
| SDG 12: Responsible Consumption and Production | Target 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse | No specific indicators mentioned in the article |
| SDG 11: Sustainable Cities and Communities | Target 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management | No specific indicators mentioned in the article |
| SDG 13: Climate Action | Target 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning | No specific indicators mentioned in the article |
| SDG 15: Life on Land | Target 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services, in particular forests, wetlands, mountains, and drylands, in line with obligations under international agreements | No specific indicators mentioned in the article |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: unpri.org
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