EY joins Alliance to End Plastic Waste, improving measurement through deep cross-industry experience
- EY will work with the Alliance to design metrics to help unlock funding to end plastic waste
- EY brings global experience in the chemicals and manufacturing sectors
- EY’s upcoming projects will focus on measuring the success and funding of Alliance projects across the value chain
LONDON, April 27, 2022 /PRNewswire/ — The EY organization has joined the Alliance to End Plastic Waste, alongside more than 90 companies, project collaborators, allies and supporters who have pledged to end plastic waste in the environment .
EY’s experience in chemicals, manufacturing, supply chain and finance will help the Alliance develop more effective environmental, social and governance (ESG) metrics for its field work, which will help the Alliance to catalyze funding for Alliance-led projects. Clear and consistent metrics will form the foundation for sustainable and commercially viable business models that can be scaled for greater impact.
With its global network of members and partners, the Alliance has built a portfolio of over 35 ongoing projects in 29 countries to support the transition to a circular economy for plastics. The focus is on testing and accelerating solutions to improve the collection, sorting, processing and recycling of plastic waste, as three billion people worldwide still lack access to management services appropriate waste. EY’s work will help develop innovative, self-sustaining infrastructure systems that can be owned and operated by the communities they benefit.
Dr.-Ing. Frank JennerEY Global Chemicals & Advanced Materials Leader, says:
“Ending plastic waste is a towering ambition that requires action across all segments of society. I believe that through innovation and collaboration with the Alliance community, lasting change can be achieved. “One of the key next steps will be to unlock the necessary investments in circular, innovative and sustainable solutions already adopted by the Alliance. If the right measures are in place and project performance is measured consistently, it is possible to prove that success can be replicated, thereby attracting more investment and accelerating progress towards ending plastic waste for good.”
Steve VarleyEY Global Vice President – Sustainability, says:
“Collective action is key to tackling plastic waste, and EY people are well placed to help move this complex issue forward. The Alliance to End Plastic Waste is a leading cross-industry group dedicated to real change and I’m proud that EY is joining this initiative to help scale truly innovative solutions that protect the planet.”
Jacob DurerPresident and CEO of the Alliance to End Plastic Waste, says:
“We are honored to work with world-class organizations like EY to develop solutions that help end plastic waste in the environment. Our growing network reaffirms the importance of collective action to tackle this complex challenge. on multiple fronts, while keeping an eye on the goal of achieving full circularity, complemented by practical measures in the meantime. We look forward to working closely with EY to accelerate economically self-sustaining scalable solutions.”
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