📢 70 international financial institutions representing assets worth USD 6.8 trillion are calling on petrochemical companies to address plastic pollution issues. Petrochemical companies are a major contributor to plastic production, which is forecast to triple by 2060, meaning petrochemical companies will become the primary driver of oil demand growth. As the plastic pollution crisis mounts and demands for a Global Plastics Treaty grow, petrochemical companies have stalled progress in negotiations by: 1. Resisting calls to include the full life cycle of plastics 2. Opposing the reduction of plastic production 3. Opposing the inclusion of polymer production in the treaty Petrochemical companies are exposed to significant plastics-related risks, which are financially material for corporates and their investors. Therefore, the collective Investor Statement requests petrochemical companies to: ➡ Disclose and define strategies ➡ Address toxic polymers and chemicals ➡ Develop sustainable infrastructure ➡ Establish governance ➡ Support international agreements Read the Investor Statement here: 👉 https://lnkd.in/dUrhB9fB #BeatPlasticPollution #GlobalPlasticsTreaty #PlasticPollution #Petrochemicals #ToxicChemicals #FossilFuels #INC4 #PlasticRisk #UpstreamSolutions #ClimateChange #Stewardship #ResponsibleInvestors
Planet Tracker
Think Tanks
London, England 7,320 followers
Planet Tracker is a non-profit financial think tank aligning financial markets with a sustainable future.
About us
Planet Tracker combines the expertise of financial market professionals with environment, industry and scientific experts, speaking about ecological limits in a language that the financial community understands.
- Website
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https://planet-tracker.org
External link for Planet Tracker
- Industry
- Think Tanks
- Company size
- 11-50 employees
- Headquarters
- London, England
- Type
- Nonprofit
Locations
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Primary
6 Langley Street
Floor 4
London, England WC2H 9JA, GB
Employees at Planet Tracker
Updates
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This #GlobalFertilizerDay, Planet Tracker delves into the shortcomings of the global nitrogen industry 🌱 In 2022, the world produced over 118 million tonnes of nitrogen fertiliser, with over 108 million tonnes applied to agricultural soils (Source: FAOSTAT). To stay within our planetary boundary, we need to reduce this by 43%, or 56 million tonnes. Nitrogen fertilisers are highly dependent on the stability of natural gas prices and their steady supply, which creates both environmental and economic challenges. Fertiliser producers and food retailers are directly and indirectly exposed to these pressures, especially in countries like Brazil and Argentina, which are significantly dependent on agricultural produce for their export revenue. Read Planet Tracker's report on why financiers need to consider the extent they are dependent on, and exposed to, nitrogen 👉 https://lnkd.in/eArK26Km #PlanetaryBoundaries #Nitrogen #SustainableAgriculture
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⚠ Novel entities, such as artificial chemicals and human-made pollutants, are increasingly facing litigation risks and hefty fines for their environmental impacts. Major companies have already spent billions addressing these claims. Our latest report, ‘Novel Entities – A Financial Time Bomb,’ dives into the financial and legal risks, and why investors must price in these threats. Swipe through the slides to learn more. Full report 👉 https://lnkd.in/eW6EZZNh #NovelEntities #ToxicChemicals #ChemicalIndustry #Litigation #ToxicityDebt #RiskPremium
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It’s encouraging to see ChemSec’s recent report on toxic chemicals building momentum amongst investors 👏 Our recent ‘Novel Entities’ report highlights a growing concern: many chemical companies are registering new substances without declaring that they’re doing so. This not only adds unknown risks to investor portfolios but also poses significant threats to human health and the environment. Investor momentum on chemicals is growing. The Investor Initiative on Hazardous Chemicals - representing USD 12 trillion - has issued a call for greater chemical-related disclosures and a rethinking of risk management in the sector. Another group of investors - representing USD 6.8 trillion – has signed our investor statement, calling on petrochemical companies for greater environmental disclosures and more robust risk management. For a full overview of the investor momentum building in the toxic chemical space, read Sarah George’s article on edie 👉 https://lnkd.in/eKWxT_HU #ESG #ToxicChemicals #ResponsibleInvestment #NovelEntities #RiskManagement
🧪 During the last decade or so, chemical production has really skyrocketed. Just have a look at the number of registered #chemicals worldwide! 😮 In the early 1960s, the number of chemicals was around 200,000. Last year, it was more than 200 million — with between 10 and 20 million new registrations each year. 🏭 The same goes for production. Between 1930 and 2000, global chemical production increased from 1 million tons per year to 400 million tons… per year! 🌎 It’s now going so fast that we don’t have the ability to assess and monitor the chemicals’ impacts on people and planet. Scientists have even concluded that “humanity is currently operating outside the planetary boundary” for chemical #pollution. 😑 Despite these warnings, the OECD - OCDE anticipates a threefold increase in global chemical production by 2050 (compared to 2010 levels). ➡️ Read more about why switching to safer chemicals makes financial sense in ChemSec’s new report, “A Profitable Detox”: https://lnkd.in/dKvfuedV
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Planet Tracker reposted this
We're excited to share key insights from our three-part workshop with Climate Bonds Initiative and Planet Tracker. Read to learn about the latest in nature-based investing! 🌿
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🌐 Financial markets play a critical role in achieving success at the Biodiversity COP16, set to commence on the 21st October, in Cali, Colombia. This year’s conference will focus on three main priorities: 1️⃣ Translating biodiversity plans into national action 2️⃣ Ensuring adequate means of implementation 3️⃣ Accelerating access and benefit sharing (ABS) This year’s conference presents an opportunity to refine the role of financial institutions in the global biodiversity agenda. Learn more 👉 https://lnkd.in/eN9-WT4Z #CBD #FinanceForBiodiversity #NaturePositive #ABS #COP #PeaceWithNature #COP16
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👚 On #WorldCottonDay, Planet Tracker highlights a major risk for clothing manufacturers: water stress. Cotton requires 8,000 litres of water per 1kg, and is the raw material most exposed to water disruption. For instance, in 2022 severe weather spiked cotton prices by +30%, squeezing supply chains with thin margins. Switching to synthetic fibres may avoid price volatility but harms sustainability, with microplastic pollution and CO2 emissions. With water stress on the rise in key manufacturing regions, Planet Tracker urges companies and investors to prioritise water risk management for long-term sustainability. Learn more about these water-related risks: https://lnkd.in/gu2ztZn3 #WaterStress #Cotton #Sustainability #ClimateAction #Fashion
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📣 Our CEO, Robin Millington, will be speaking at Innovation Forum’s Sustainable Commodities and Land Use Forum (Amsterdam, 22-23 October) about #CSRD. Join speakers from Planet Tracker, Tony's Chocolonely, Barry Callebaut Group, WWF and many more to discuss how business can turn regulation into opportunity, regenerate landscapes, and assess what supply chain transformation really means on-the-ground for farmers, forests, biodiversity, and nature. As a member of our community, use our exclusive discount code PLANET10 at checkout for a 10% discount on conference passes. Register now 👉 https://lnkd.in/ghefQNnH #IFcommodities24 #SupplyChains #BusinessForNature #Sustainability
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🔍 ExxonMobil’s Plastic Recycling Deception ♻ Last week, California Attorney General Rob Bonta filed a lawsuit accusing ExxonMobil of a “decades-long campaign of deception that recycling is the solution to plastic waste”. As the world’s largest producer of single-use plastic polymers, allegedly ExxonMobil misled the public by using symbols suggesting recyclability, even though only 9% of plastic waste is recycled globally. Additionally, the filing claims that the company co-founded the Alliance to End Plastic Waste, which pushes recycling as the solution to the plastic pollution crisis, while avoiding addressing the overproduction of plastic. This implies that ExxonMobil's tactics include delaying regulation and maintaining profits, all while contributing to the growing plastic pollution problem. Planet Tracker’s report, “The Plastic Recycling Deception”, exposes the industry’s playbook of public deception: https://lnkd.in/ekegYeRr For a greenwashing deep dive read our “Greenwashing Hydra” report: https://lnkd.in/eiU44UBa Meanwhile, 73 financial institutions representing USD 6.8 trillion are calling on ExxonMobil and 49 other petrochemical companies to address plastic pollution issues. Learn more: https://lnkd.in/dUrhB9fB #Greenwashing #PlasticPollution #ExxonMobil #RecyclingDeception #Sustainability #PlasticWaste
Today, California Attorney General Rob Bonta joined Lou Diamond Phillips at Climate Group’s Climate Week NYC to announce a first-of-its kind lawsuit to hold ExxonMobil accountable for misleading the public on plastic’s recyclability. ExxonMobil peddled recycling lies to further its recording-breaking profits at the expense of our planet and communities. California DOJ is holding ExxonMobil accountable.
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Old Mutual Investment Group’s publication, ‘Tomorrow: Thriving in an ambiguous world’, explores the unparalleled opportunities for growth and innovation presented by global uncertainties, from AI to climate change. Unpacking ‘The Net Zero Obstacle Course’, Planet Tracker’s Director of Research, John Willis, delves into best practice on credible transition plans for achieving net zero and nature-positive outcomes. Download the report below ⬇ #ResponsibleInvestment #NetZero #NaturePositiveEconomy #Sustainability #EnergyTransition