GLRPPR Sector Resource: Plastic Disclosure Project (PDP)
Plastic Disclosure Project (PDP)
Disclosure Project (PDP) was launched. This initiative is similar to the annual reporting that many companies now voluntarily undertake in reporting their carbon use. The project will be motivated from the global asset management community whose investors are increasingly driven by socially responsible investment metrics. Based on a survey conducted by two MBA students at the Hong Kong University of Science in Technology on behalf of the PDP, managers with over US$5.8 trillion in assets under management have voiced their support for this initiative, with a 90% support rating from respondents. This will result in improved transparency in reporting, and increased awareness about the materials that are used in production or final products vis-à-vis possible environmental or health impacts on the communities they serve. Just as carbon footprint calculations are commonplace today, both among industry and individuals alike, the Plastic Disclosure Project will bring about the notion of "Plastic Footprints" which will have a wide ranging impact on improved resource use. Investors and shareholders will better understand what type of liabilities might exist from a brand value and corporate operations point of view if socially responsible use of the material is not practiced. Issues that may cause corporate value to decrease include health, toxicity, ecosystem pollution and material wastage. This project can also help to bring value to positive assets that a company may have in relation to new technologies, processes or materials.
Plastic Disclosure Project
Date of Publication:
One East Hazelwood Drive; Champaign, IL; 61820; (800) 407-0261; email@example.com