CONGRATULATIONS TO LUSH COSMETICS, OUR FIRST PDP DISCLOSER! See the summary of their PDP disclosure here: http://bit.ly/KIAN5E
The Plastic Disclosure Project is an initiative that requests annual reporting and transparency regarding the production, use and handling of plastic and plastic wastes by organisations. By measuring the amount of plastic that flows through an organisation, efficiencies can be gained in cost reduction, wastage reduction, new design, new materials, and better recycling. While designed for large corporates, institutions such as hospitals, universities, government offices and sports associations or teams can also participate to calculate and report their own "plastic footprint" on an annual basis.
The investment community is interested in this topic too, as new value can be realized by companies who take time to review and report their improvements in plastic management, and not just value from the potential improvements in their own bottom lines. New innovations and improved changes in material use and design should also have benefits for companies’ consumer bases, employees and the environment in which they reside, positioning them to better avoid reputational, regulatory, liability and economic risks, and sieze opportunities. Investment institutions interested to know more about the project, or who wish to join as signatories to the project, are encouraged to contact visit us at www.plasticdisclosure.org.
Corporate responses to the survey will be made publically available, where agreed by the responding corporates. All responses will be fully available to the investor signatories. A public report, summarizing the survey findings, will be published on an annual basis. Questionnaires will be circulated on behalf of the investors to a global list of corporates, in particular from sectors which are recognized to be larger users of plastic in their business operations.
- Reduce plastic waste in the environment
- Encourage sustainable business practices vis-a-vis plastic
- Inspire improved design & innovative solutions
- Support annual disclosure of plastic footprints/ management strategies
- Encourage efficiencies in plastic use, reuse and recycling
- Broaden awareness of plastic investment risks and opportunities