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Financial industry calls for international treaty to end plastic pollution

International legally binding instrument could be ‘crucial mechanism for change’
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Financial industry calls for international treaty to end plastic pollutionImage: AP Photo/Leo Correa

More than 150 financial companies representing $15.5tn in combined assets have called for an international treaty on plastic pollution. Despite a growing sense of urgency to mitigate and prevent plastic pollution, current policies have fallen short, according to the OECD. 

In a public statement released today, banks, asset managers and investors from across 29 countries have called for an “ambitious international legally binding instrument to end plastic pollution”, which would enable financial companies to make more informed lending and investment decisions. 

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