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The global non-profit CDP Environmental Information System is open for reporting on plastic for the first time since April 19. For fashion, it’s an opportunity to find out how much plastic the industry uses and produces in packaging, manufacturing and materials, including plastic-based fibers like polyester. The next step is to create strategies to reduce or eliminate plastic.
Around 7,000 companies worldwide are required to report on plastic production and reporting through the CDP’s water safety questionnaires. Questions focus on “highly problematic plastics”, such as plastic polymers, sustainable plastics and plastic packaging.
Founded in 2000, CDP uses capital markets and corporate procurement to encourage companies to disclose their environmental impact. It operates more than 740 investors with $136 trillion in assets, and by 2022, nearly 20,000 companies worldwide will have disclosed information through the CDP – including more than 18,700 companies, accounting for half of the world’s market capitalization. So far, plastic has not been a part of what companies have been asked to disclose – instead they have shared information on climate change, water security and deforestation. CDP has consulted with companies on plastics and found that 88 percent say plastic is a problem, but a third do not have plastic-related targets. CDP continues to review questions on climate change, water security and deforestation to understand how plastics interact. The ability to add plastic is important to understand the use of plastic in fashion and the degree to which plastic is ubiquitous in the production cycle.
“The scale of the plastic pollution problem is no secret,” Kate Lam, director of global water security at CDP, said in a statement. “To operate effectively, companies need to develop a strong understanding of how they contribute to the plastic pollution problem and formulate fair and equitable transition plans to address this. In turn, investors and policymakers need access to relevant, comprehensive and comparable information on the global economy to make better decisions.”
The reporting process includes a plastic map, potential environmental impacts, business risks and targets, and companies with specific plastic production and use activities answer questions on total weight, raw material content and weight capacity. The CDP Plastics Report questions are built on frameworks developed by the Ellen MacArthur Foundation and the UNEP Global Commitment Framework. Officially announced data will be available from September. From this, brands can use the data to determine where the majority of their plastic use and production is in the supply chain, implement alternatives and track progress over the years as they work to eliminate it. The CDP emphasized the need for transparency and accountability, “plastics-related disclosure will be the basis for transformative action,” but did not outline specific solutions for how companies should use plastic-related information to address plastic use and production. .
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