Background

CONGRATULATIONS TO LUSH COSMETICS, OUR FIRST PDP DISCLOSER! See the summary of their PDP disclosure here: http://bit.ly/KIAN5E

The Plastics Disclosure Project is an investor led initiative that will request annual corporate reporting and transparency regarding their production, use and handling of plastic and plastic wastes.   By having reporting, and transparency, efficiencies can be gained in cost reduction, wastage reduction, new design, new materials, and better recycling. Institutions such as hospitals, universities, government offices and sports associations or teams can also participate to calculate and report their own plastic footprints on an annual basis.

By having the investment community interested in this topic, new value can be realized by companies who take time to review and report their improvements in plastic management, and this value is not just 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. 

The Ocean Recovery Alliance, in collaboration with ASrIA, will provide a co-ordinating secretariat on behalf of the investor signatories.   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.