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January 11, 2021
Banks are to blame for the globe's plastic problem, says a new report from Bankrolling Plastics.
Financial institutions have given more than $1.7 trillion to 40 companies the report says has "significant involvement" in the plastics supply chain - namely fast-moving consumer goods and retail. In fact, 20 banks have provided 80% of the total funding, including big names like JPMorgan Chase, Barclays, Goldman Sachs and more.
"Smart investors" are becoming increasingly more cognizant of the environmental risks associated with investing in companies contributing to the plastics pollution crisis.
Read the entire article here.
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