ESG
What
is Social Plastic ® and how does it make the world a better place .
“Shareholders have to seat themselves second to the world ”
DAVID KATZ CEO AND FOUNDER , PLASTIC BANK
AFARA and IHS Markit , Google has issued an executive summary , “ Closing the Plastics Circularity Gap ”, which reported that on average , between 2020- 2040 , circular supply chains could produce plastic at a lower cost ($ 1,122 / metric tonne ) compared to virgin supply chains ($ 1,694 / metric tonne ).
Having been in plastics procurement for over 20 years , and having seen with my very eyes the hoards of plastic littering the beaches of Thailand , it ’ s an issue that ’ s close to heart . And it ’ s no small problem .
According to the report , under a businessas-usual scenario ( BAU ), recycled plastics reentering the economy are projected to more than triple to 77 million metric tonnes ( 14 %) by 2040 , but over the same period , 86 % of plastics are projected to be landfilled , incinerated , or leaked into the environment . Without comprehensive and large-scale interventions , we can expect that there will be more plastic than fish in the ocean by 2050 .
Katz , with his hypnotic tone and passionate stance , was kind enough to spend some moments getting into with me .
112 September 2021