Banks Called Out For Their Role In Financing Plastic Pollution

Read the full story in Forbes.

A new report, Bankrolling Plastics, says that banks are in part responsible for the plastic pollution crisis, because they are “lending vast sums of capital without making any effort to address the plastic pollution crisis. “By indiscriminately funding actors in the plastics supply chain, banks have failed to acknowledge their role in enabling global plastic pollution. They are not introducing any due diligence systems, contingent loan criteria, or financing exclusions when it comes to the plastics industry.”

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