New Zealand signs global declaration to cut plastic waste
New Zealand has joined an international pledge to cut plastic wastes from our economy and environment.
Led by the Ellen MacArthur Foundation, in collaboration with the United Nations Environment Programme, the Global Commitment brings together governments, businesses and NGOs around the world to address the root causes of plastic waste and pollution, by looking at the whole system of how plastic is imported, produced and used. It was officially unveiled at the Our Ocean Conference in Bali.
The Commitment aims to eradicate plastic waste and pollution at the source and has been signed by 250 organisations including many of the world’s largest packaging producers, brands, retailers and recyclers, as well as governments and NGOs.
More than 15 financial institutions with in excess of $2.5 trillion in assets under management have also endorsed the Global Commitment and over $200 million has been pledged by five venture capital funds to create a circular economy for plastic.