Between January 2015 and September 2019, banks provided loans and underwriting of more than USD 1.7 trillion to key actors in the global plastics supply chain.
Banks must no longer be able to evade responsibility for the role they play in enabling plastic pollution worldwide.
Why does this matter?
Plastics which are not recycled end up in the environment and can take hundreds or thousands of years to decompose.
The movement to end plastic pollution and ban single-use plastic packaging has become one of the most visible globally. Despite this, the banking sectors’ role in funding plastic has not been investigated – until now.
Plastic waste has now reached every corner of the planet from the deepest oceans to the top of Mount Everest.
To prevent extinction the banks have to stop funding it.