The Finance Statement on Plastic Pollution – the Aftermath

Between February 28 and April 10, financial institutions were invited to sign a statement demonstrating support from the financial sector for an ambitious international legally binding instrument (ILBI) to end plastic pollution.

The statement was addressed to INC-4 negotiators and sets out what a robust agreement would include from the perspective of the financial sector.

After the conclusion of the sign-up period, we are pleased to announce that one hundred and sixty financial institutions and two industry stakeholders from around the world are calling on governments to negotiate an ambitious treaty to end plastic pollution ahead of negotiations taking place at the fourth meeting of the Intergovernmental Negotiating Committee on Plastic Pollution (INC-4) next week.

The full list of 160 signatories is available here

Representing 15.5 USD trillion in combined assets, signatories of the Finance Statement on Plastic Pollution come from all regions, including a strong voice from OECD countries, and notably 15 signatures from Asian financial institutions, including from India, Indonesia, Singapore, Japan and Republic of Korea, where the next and final round of negotiation will take place before the end of 2024. In signing the Statement, financial institutions acknowledge that the finance sector has an important role in mitigating financial risks related to plastic pollution and they are taking this opportunity to inform negotiators what a robust agreement would include from their perspective.

The Finance for Biodiversity Foundation together with PRI, UNEP FI, the Business Coalition, the Dutch Association of Investors for Sustainable Development (VBDO) and CDP, drafted this statement to demonstrate finance sector’s support for an ambitious international legally binding instrument (ILBI) to end plastic pollution and to set out what a robust agreement would include from the perspective of the financial sector.

Read the full statement here.