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Investors demand corporate fightback against plastic lobbying

Ocean pollution, plastic
The EU wants to slash packaging waste by 15 per cent by 2040 compared with 2018 (Photo: Cn0ra/iStock)

A group of investors has called on companies to reduce their dependence on plastic, while the EU considers new rules to tackle wasteful packaging.

Legal & General Investment Management, Federated Hermes and Amundi are among more than 150 members of the investment community urging companies to back the EU’s revision to the Packaging and Packaging Waste Directive, as well as a new global treaty on plastic, and “do not lobby against” these measures.

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