Proactively transitioning away from plastic is a strategic move to maintain profitability and competitiveness, a new report from PlasticFree and Fashion Snoops argues.
“The Post-Plastic Economy” report states that over the next decade, the world’s relationship with plastic will become “unrecognisable”.
The report calls recycling a “false solution” for brands with plastic production and pollution continuing to rise.
Moving away from plastic will mitigate financial risks associated with rising global regulations, and support bottom-line growth and satisfy Environmental, Social and Governance targets, the report argues.
PlasticFree, A Plastic Planet, and creative futures agency Fashion Snoops launched the report.
“The Post-Plastic Economy” sets out the impact of plastic pollution, environmental legislation, case studies and a roadmap for brands and designers to transition to a plastic-free model.
The report found that continuing to use plastic presents a “$100 billion annual financial risk” to businesses by 2040, which it said is equivalent to 25% of turnover in low-margin businesses.
Read the entire article here: https://www.circularonline.co.uk/news/go-plastic-free-to-protect-your-business-new-report-says/
