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Investor Coalitions Urge Consumer Goods Companies to Take Action to Reduce Plastics
June 6, 2023In a statement released on May 3, 2023, the Dutch Association of Investors for Sustainable Development (VBDO) called for companies in the fast-moving consumer goods (FMCGs) and grocery retail sectors to reduce their dependence on single-use plastic packaging. The investor group is calling on companies and other market participants to “bring production and consumption of plastics within the limits of planetary boundaries and alignment with the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework,” warning that “clean-up is futile” if production continues at current rates. VBDO is an independent group of investors comprising more than 185 organizations with more than $10 trillion in assets under management that describes itself as a driver, motivator and knowledge leader for responsible investment.
