Those are just a few of the more prominent examples of how the world’s most complex supply chains factor into corporate ESG strategies.”Īddressing this challenge is at the center of Everstream Analytics’ acquisition of BlueNode Inc.
Many big companies are pledging to lower pollution - Apple’s goal is carbon neutrality by 2030, and Amazon is going for net-zero by 2040. Among the biggest: tracking and minimizing the carbon emitted during their cargo’s journey. “As the pandemic’s supply crunch eases and freight rates return to normal, importers and exporters face a wave of new challenges. Antoinette Vermilye (she/her) Bianca Pitt Julietta Dexter Diane Nishigaya MacGillivray Stephen Fern Stephen Jamieson Jos Harrison Luke Haverhals Nusa Urbancic Maria Westerbos Dave Ford Erin Simon John Hocevar Andrew Gibbsīloomberg reports on addressing one of the biggest supply chain data challenges that is central to fighting climate change, ensuring regulatory compliance and reducing reputational risk. #turnofftheplastictap Yonathan (Yoni) Shiran Systemiq Ltd. We urgently need laws to control the fossil fuel plastic producers and ensure, in Andrew's words, "Growth in fossil-fuel plastics cannot be the “soft landing” for the oil and gas industry.'. Without significant intervention from global governments, these increases are not the end. The numbers don't lie - recycling isn't making any impact, the GHG emissions from the plastic industry continue to climb - currently equal with the entire emissions of the whole of the UK (6th biggest global economy). The top 20 producers that account for the vast majority of plastic are pretty unchanged, led by ExxonMobil, SINOPEC, Dow, Indorama Corporation with INEOS slap in the middle. If you are an investor in virgin plastics, your hands are dirty. We can eliminate plastic pollution within a decade but to do so we must abandon the idea that industry can transform of its own accord.įinally, no large capital allocator should be sitting comfortably either. It’s the end of the line for fossil-fuel plastics and delaying change will only increase your cost of transition and regulatory risk. 'My message to you: the evidence is now overwhelming that your products are harming human health, and devastating our planet’s wildlife and most remote ecosystems. This foreword from their founder, Dr Andrew Forrest says it perfectly:
Despite all the rhetoric, this new 2023 Plastic Waste Makers Minderoo Foundation report shows that virgin fossil fuel plastic production for single use is UP by 6 million metric tonnes year on year.
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