Planet Tracker

📢 70 international financial institutions representing assets worth USD 6.8 trillion are calling on petrochemical companies to address plastic pollution issues. Petrochemical companies are a major contributor to plastic production, which is forecast to triple by 2060, meaning petrochemical companies will become the primary driver of oil demand growth. As the plastic pollution crisis mounts and demands for a Global Plastics Treaty grow, petrochemical companies have stalled progress in negotiations by: 1.    Resisting calls to include the full life cycle of plastics 2.    Opposing the reduction of plastic production 3.    Opposing the inclusion of polymer production in the treaty Petrochemical companies are exposed to significant plastics-related risks, which are financially material for corporates and their investors. Therefore, the collective Investor Statement requests petrochemical companies to: ➡ Disclose and define strategies ➡ Address toxic polymers and chemicals ➡ Develop sustainable infrastructure ➡ Establish governance ➡ Support international agreements Read the Investor Statement here: 👉 https://lnkd.in/dUrhB9fB #BeatPlasticPollution #GlobalPlasticsTreaty #PlasticPollution #Petrochemicals #ToxicChemicals #FossilFuels #INC4 #PlasticRisk #UpstreamSolutions #ClimateChange #Stewardship #ResponsibleInvestors 

📣 Our Head of Food & Land Use Peter Elwin will be speaking at Climate Bonds Initiative’s Transition Finance ‘Lunch ‘n Learn’ webinar, on 25th July 2024, 13:00 BST. The discussion will explore the ‘Materiality of Nutrition: Are financial markets missing the value of healthy food?’ report, co-authored by Access to Nutrition Initiative and Planet Tracker, in association with Global Alliance for Improved Nutrition (GAIN). Register here: 👉 https://lnkd.in/ecruQ3RN

🚨 Distract, delay, derail 🚨 Changing Markets Foundation’s groundbreaking report exposes the greenwashing, lobbying and misinformation tactics employed by Big Meat and Dairy 👏 “The industry distracts us with the smokescreen of voluntary climate targets, environmentally friendly products, and seemingly ambitious investments in emissions reduction technologies, while behind the scenes, it mobilises significant resources to delay and derail progressive environmental legislation”, explains Changing Markets Foundation. Find the link to this insightful report below 👇 🔍 Companies analysed: Arla Foods, Groupe Bigard, Cargill, DFA Ingredient Solutions, Danish Crown, Danone, DMK Deutsches Milchkontor GmbH, Fonterra, FrieslandCampina Ingredients, Itoham Foods Inc., JBS, Lactalis Group, Marfrig Global Foods, MENGNIU Dairy Co., ltd., Nestlé, NH Foods Group, OSI Group, Saputo Inc., Tyson Foods, Vion Food Group, WH Group, Yili Group. #NewMerchantsOfDoubt #BigMeat #BigDairy

🌎 Compelling study from Madre Brava on the role of supermarket retailers in the shift from animal-heavy diets to plant-rich diets to achieve human and planetary health goals.     🥩 Meat and dairy alone account for 51% of all #Scope3 emissions in European supermarkets, highlighting the urgent need to rebalance protein sales to achieve #NetZero climate goals. 🥦 The shift towards plant-rich diets is a positive step, but as the report reveals, “the finish line is far.”     Read all about how the 15 largest European supermarket chains are tackling their climate and protein transition goals in Madre Brava’s analysis below 👇

🚨For the first time ever 70 international financial institutions and their representatives with a combined AUM/AUA total of USD 6.8 trillion are calling on petrochemical companies to publicly support an ambitious #PlasticsTreaty : “we expect companies to support international efforts for an ambitious plastics treaty by advocating for common legally binding measures across the full plastics life cycle, designed to reduce production and consumption, and refrain from lobbying and obstructing ambitious outcomes.” Read: https://lnkd.in/eED3aQZF

🌏 Why does a Global Plastics Treaty need to include upstream measures such as limiting production and adopting alternative materials? ♻ The plastics industry has successfully promoted the narrative that recycling is the panacea to the #PlasticPollution crisis. Yet globally only 9% of plastic is recycled. 💲 What’s more, this illusion allows upstream plastic companies to protect their profit margins and shifts the clean-up costs of plastic waste downstream. “Provincial governments and municipalities are often the poorest in this whole chain, and they are burdened with sorting the problem. They don’t want to dump it into the ground, but they often have no choice”, Planet Tracker’s John Willis told Bloomberg. In order to tackle the plastic pollution crisis, petrochemical companies that make plastic polymers must play a greater role. Hence why 70 international financial institutions representing assets worth USD 6.8 trillion are calling on petrochemical companies to address plastic pollution issues. Thanks Dasha Afanasieva and Bloomberg News for this insightful piece! Read full article here: 👉 https://lnkd.in/eynhw73D To learn more about the Investor Statement: 👉 https://lnkd.in/dUrhB9fB For a deep dive about the ‘Plastic Recycling Deception’: 👉 https://lnkd.in/ekegYeRr

“Too often the focus when addressing plastic pollution lies with downstream solutions such as recycling. If we are to effectively tackle these issues there is a pressing need to focus on the entire plastics value chain”, Planet Tracker’s Nicole Kozlowski told BusinessGreen. The plastics industry has lobbied to shift policymaker efforts to tackle #PlasticPollution away from upstream measures, such as limiting production and encouraging the adoption of alternative materials, and towards promoting recycling as a solution to the #PlasticsCrisis. ♻ Yet with only 9% recycled globally and plastic production forecast to triple by 2060, the plastic pollution crisis won’t be solved by recycling alone. 🚨 Petrochemical companies that make plastic polymers must play a greater role in tackling the plastic pollution crisis. 📣 That’s why 70 international financial institutions representing assets worth USD 6.8 trillion are calling on petrochemical companies to address plastic pollution issues. Special thanks to the Center for International Environmental Law (CIEL) for helping to amplify the Investor Statement and to BusinessGreen’s Cecilia Keating for this insightful piece! Learn more about the Investor Statement: 👉 https://lnkd.in/dUrhB9fB

🔍 Delighted our Director of Research, John Willis has contributed to UBS’s insightful report exploring how AI’s consequences for human capital can be optimised. “Long-term investment potential in AI is linked to societal impact - if the latter is suboptimal, then the former is at risk from backlash, policymaker scrutiny, and regulatory response”, the report explains. To learn more about the upsides and risks of AI: 👉 https://lnkd.in/eNKXgxB2   

🚨 Bayer is projected to align with a 2°C warming scenario by 2030. The company has set ambitious climate targets aiming for Net Zero GHG emissions by 2050, with interim goals for 2030. Notably, from 2019 to 2023 Bayer achieved an 11% reduction in total GHG emissions, despite its sales growth. However, Planet Tracker’s analysis finds: ➡ Significant variability in emissions trends, suggesting that Bayer might struggle to meet its 2030 targets. ➡ Bayer's climate strategy lacks specific mitigation investments for Scope 3 emissions, which constitute 75% of its GHG footprint. 🌡Therefore, we conclude the company is projected to align with a 2°C warming scenario by 2030. Learn more in our Climate Transition Analysis update: 👉 https://lnkd.in/eURRrjxd #Bayer #ClimateTransition #Decarbonisation #NetZero #EmissionsReductions #Scope3 

🔍 Why is methane a financial sector blind spot? 🌡 Methane has a global warming potential 80 times greater than carbon dioxide over a 20-year period, making its reduction critical for achieving net zero by 2050. Yet financial institutions continue to support high-polluting sectors. For instance ‘Hot Money’, a co-authored a report by Changing Markets Foundation and Planet Tracker, found that of the 20 investors and 20 banks analysed, none had signed up to specific methane reduction initiatives. 🌱 This lack of commitment among major global investors and banks towards addressing methane emissions is particularly prevalent in the agricultural sector, including the beef and dairy industries. 🐄 The financial sector must step up and play a more active role in addressing methane emissions, including those from agriculture. Read the full op-ed written by Changing Markets Foundation’s Alma Castrejon-Davila and Planet Tracker’s Peter Elwin for the steps financial institutions can take to drive change: 👉 https://lnkd.in/ec-WHXaG For a deep dive into the financial institutions funding agri-methane: 👉 https://lnkd.in/e9cA3fMc #Methane #Agriculture #MeatAndDairy #SustainableFinance #NetZero