📢 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 7,136 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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📣 Join Planet Tracker's Head of Food and Land Use, Peter Elwin, for an insightful discussion on ‘Transforming the Global Food System - The Role of Private Finance’, at the upcoming CARE Conference, September 25 - 26. The conference will tackle some of the most pressing questions of our time, exploring key topics like regulation, sustainability reporting, capital allocation, and performance metrics. Don’t miss this opportunity to be part of the conversation! Register now 👉 https://j1l.in/enh5t2 #CareConference2024 #ClimateWeekNYC #Sustainability #Finance #ClimateAction #FoodSystems
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Federated Hermes' recent review of executive compensation principles, highlighted in Environmental Finance, raises crucial points about integrating ESG factors into pay structures. At Planet Tracker, we've found that while many companies are adopting sustainability metrics in executive pay, the impact often falls short. ESG incentives are frequently symbolic or tied to short-term goals, which risks undermining their potential for driving real change. Transparency is essential. Without clear, quantitative targets, ESG-linked bonuses can become mere tick-box exercises. Our reports delve into how executive compensation can support sustainable practices and long-term success. Our reports: ‘From ADversity to ADvantage’ 👉 https://lnkd.in/ekpNrEnz ‘Tomorrow’s Chemistry’ 👉 https://lnkd.in/eH8dx-Tr ‘Plastics - Executive Compensation’ 👉 https://lnkd.in/ebZYSsbZ ‘Textiles Compensation’ 👉 https://lnkd.in/eQBjj5B4 👏 Special thanks to Jennifer Forrest for this insightful piece: https://lnkd.in/ewZtp-Bg
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Planet Tracker will be at #NewYorkClimateWeek to explore the increasing risks of #PlasticPollution from petrochemical companies. Join our event to: ➡ Discuss the need for petrochemical companies to take responsibility for addressing the plastic pollution crisis. ➡ Hear from experts on recent policy developments and litigation risks. ➡ Learn about the steps the industry needs to take to transition to safe and environmentally sound practices. Speakers: ⭐ Rolando Morillo, Senior VP, Portfolio Manager of Thematic Investment Strategies, Rockefeller Asset Management ⭐ Claire Elsdon, Global Director of Capital Markets, CDP ⭐ Hana Heineken, Attorney, Purposeful Markets, ClientEarth Moderator: Nicole Kozlowski, Head of Engagement, Planet Tracker When? Tuesday, September 24, 4-5pm EDT Where? 45 Rockefeller Plaza, New York Spaces are limited! Sign up here 👉 https://lnkd.in/efU363-r
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🏭 One of the world’s largest petrochemical companies, SABIC, is on track for a 2°C pathway by 2030. 🌡 Despite setting targets for alignment with 1.5°C by 2030, the company faces significant challenges. Swipe to learn more about the problem and Planet Tracker’s recommended solutions. Full report 👉 https://lnkd.in/eytKBSu4 #ClimateTransition #NetZero #Scope3Emissions #Petrochemicals
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💧 To mark #WorldWaterWeek Planet Tracker delves into AI’s water dependency. AI’s growth requires data centres, and these need water. This is exacerbating water stress; for instance, nearly 40% of all data centres are in the USA, of which one third are in areas of high or extremely high water stress (see infographic below). As the IT industry grapples with this challenge, could AI itself provide the solution and overcome the planet’s water limits? Full blog 👉 https://lnkd.in/evEH7_6s #AI #ArtificialIntelligence #WaterStress #water #datacenter
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Why does the US’s endorsement of including plastic production controls in the #GlobalPlasticsTreaty signal a major policy shift? ➡ The US is one of the world’s largest plastic producers ➡ Globally, the US produces the most plastic waste per capita ➡ To date it’s aligned with China and Saudi Arabia in resisting the inclusion of plastic production controls ➡ 6 of the world’s major petrochemical companies producing plastic polymers are American These companies - Chevron, Dow, ExxonMobil, LyondellBasell, Phillips 66, and Westlake – and 44 others are being called by 73 financial institutions, representing assets worth USD 6.8 trillion to address plastic pollution issues. Learn more about the Investor Statement 👉 https://lnkd.in/dUrhB9fB #BeatPlasticPollution #GlobalPlasticsTreaty #Petrochemicals
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Planet Tracker reposted this
Our report “Climate meets nature” produced together with Planet Tracker lays out practical strategies and considerations to help investors minimize their impact on nature when developing solar, wind and bioenergy solutions. Read more at https://from.ubs/6041lxvfl #ShareUBS
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🧠 Microplastics have been found in the human brain, The Guardian reports. This discovery adds to the growing number of studies finding microplastics in the human body, where scientists have previously observed their accumulation in: ⚠ Bone marrow ⚠ Reproductive organs ⚠ Livers ⚠ Kidneys ⚠ Placentas Out of the 16,000 chemicals present in plastics, over 4,000 are identified as toxic and are associated with diabetes, obesity, fertility issues and various cancers. Hence why 73 financial institutions, representing assets worth USD 6.8 trillion, are calling on petrochemical companies producing plastic polymers to address polymers and chemicals of concern in their products. Learn more about the Statement 👉 https://lnkd.in/dUrhB9fB Guardian article 👉 https://lnkd.in/g7qUe_Wp #BeatPlasticPollution #GlobalPlasticsTreaty #Microplastics
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🐟 As climate change forces tuna to migrate, African coastal states could become new fishing grounds for the Chinese distant-water fleet. 🎣 Since these waters are already exploited by EU vessels, avoiding increased overexploitation is crucial. Swipe to find out how African states could prevent this. Learn more in ‘Fishful Thinking’: 👉 https://lnkd.in/dUdqKbDX Explore the fleet: 👉 https://lnkd.in/eC9dwDjy #ClimateChange #Sustainability #TunaFishing #AfricanCoastalStates #SustainableFishing