Alliance to End Plastic Waste

There is a serious and complex issue: 8 million tons of plastic waste entering the ocean every year. Swift Action and Strong Leadership Everyone wants a world that is free of plastic waste in the environment and everyone wants to protect the natural resources and ecosystems which communities everywhere depend on, especially in developing countries. This calls for swift action and strong leadership, and the Alliance is connecting all industry sectors to develop solutions that will help solve the plastic waste challenge that everyone faces as a society. No one can do it alone. Everyone needs to unite industry, governments and intergovernmental and non-governmental organizations to develop and invest in projects that harness their collective resources and technical expertise. In January 2019, they founded the Alliance to End Plastic Waste as a not-for-profit organization to help solve this serious and complex issue – 8 million tons of plastic waste entering the ocean every year. Nearly fifty companies across the plastics value chain have joined the Alliance and together they have committed to invest US$1.5 billion towards solutions that will prevent the leakage as well as recover and create value from plastic waste. Ultimately, these solutions prove the investment market of plastic waste to venture capital, private investors, development banks and governments to deliver truly transformational change. Ambition: Prevent over three million metric tons of plastic waste leaking into the environment per year When they break this down, they are looking to demonstrate at least three zero-plastic-waste cities and divert over 3,400 kilotons of plastic waste through Alliance projects helping more than 100 at-risk cities. They expect their work will provide solutions that support healthy livelihoods for over 135 million lives in 135 communities by enabling local ownerships of waste management. With a commitment of US$1.5 billion over the next five years, they expect their funds will unlock up to US$8 billion worth of investments that will further accelerate other actions to end plastic waste in the environment. Further, they look for these demonstrated solutions to be models for reapplication towards the greater ambition of ending plastic waste in their environment. And they welcome all companies, big or small, from all regions and sectors to join them on this journey.