$10 Trillion Investor Group Urges Consumer Goods Companies, Retailers to Reduce Plastic Use
A group of more than 180 investors, representing $10 trillion in assets under management, have signed a joint statement calling on companies to cut their use of plastics, and address the financial risks of plastic use.
The statement, coordinated by Investors for Sustainable Development (VBDO), is targeted primarily at intensive users of plastic packaging, particularly those in the fast-moving consumer goods and grocery retail sectors, including Coca-Cola, Costco, P&G, Nestlé, Unilever and Target, among others.
