New Plastics Economy 2019 Global Commitment Report
The New Plastics Economy Global Commitment unites businesses, governments, and other organisations behind a common vision and targets to address plastic waste and pollution at its source. It is led by the Ellen MacArthur Foundation in collaboration with the UN Environment Program. Launched in October 2018, the Global Commitment already unites more than 400 organisations in its common vision of a circular economy for plastics, keeping plastics in the economy and out of the ocean. Signatories include:
- close to 200 businesses that are part of the plastic packaging value chain, jointly representing over 20 % of all plastic packaging used globally, including many of the world’s leading consumer packaged goods companies, retailers, and plastic packaging producers
- 16 governments across five continents and across national, regional, and city level
- 26 financial institutions with a combined USD 4.2 trillion worth of assets under management and 6 investors in total committing to invest about USD 275 million
- leading institutions such as WWF, the World Economic Forum, the Consumer Goods Forum, and IUCN
- more than 50 academics, universities, and other educational or research organisations including MIT Environmental Solutions Initiative, Michigan State University, and University College London.
All 400+ organisations have endorsed one common vision of a circular economy for plastics, in which plastics never become waste. As this June 2019 report shows, the number of business signatories has grown from over 100 to nearly 200 in the seven months since the launch.