At EU Green Week 2022, Planet Tracker will be presenting its latest report into the EU Petrochemicals and Plastics Industry.
The plastics sector benefits the economy of the EU27 providing an important source of jobs. Yet the industry’s current ability to compete is compromised by other low-cost suppliers and disadvantageous pricing for plastic feedstocks. Given its declining global market share, the industry looks set for disruption. Transitioning to sustainable business practices in line with a reduce and reuse economy, may be its best and only viable option.
The EU plastic industry holds significant sway over the fate of our climate, environment, health and economy. To compete on a global scale and save our finite natural capital, companies and investors must commit to a transition towards sustainability. Corporates, investors, debtholders, financiers, regulators and politicians have a crucial decision to make – has the plastic industry’s business-as-usual model become more risky than embarking on a transition to a more sustainability-driven strategy?
Speakers to be announced
Planet Tracker is an award-winning non-profit financial think tank aligning capital markets with planetary boundaries. Created with the vision of a financial system that is fully aligned with a net zero, resilient, nature positive and just economy well before 2050, Planet Tracker generates breakthrough analytics that reveal both the role of capital markets in the degradation of our ecosystem and show the opportunities of transitioning to a zero-carbon, nature positive economy.