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Report Measures Use, Impact of Plastic in CPG Sector, Urges Sustainability Initiatives

The total natural capital cost of plastic in the consumer goods industry is more than $75bn per year, according to research released by the Plastic Disclosure Project, the UN Environment Programme and natural capital analysts Trucost.

Report Measures Use, Impact of Plastic in CPG Sector, Urges Sustainability Initiatives

The report, Valuing plastic: the business case for measuring, managing and disclosing plastic use in the consumer goods industry, is the first-ever assessment of the environmental costs of plastic in business. It says companies could become more sustainable by improving the way they measure, manage and report the amount of plastic they use in their business operations and supply chains.

The report calculates the amount of plastic used by stock exchange listed companies in 16 consumer goods sectors and assesses levels of corporate disclosure on plastic. The consumer goods sectors assessed are: athletic goods, automobiles, clothing and accessories consumer electronics, durable household goods, food, footwear, furniture, medical and pharmaceutical products, non-durable household goods, personal products, retail, restaurants and bars, tobacco, toys and soft drinks.

The research makes recommendations for companies, including measure, manage and publicly report their use of plastic as many companies already do with carbon emissions.

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