The Circulate Initiative issues call to action to financial community as investment gap widens to meet targets to tackle plastic pollution

22 million tonnes of plastic waste leaked into the environment in 2019, and this could double by 2060. With total investments into plastics circularity since 2018 at only US$ 190 billion, the current investment trajectory is too slow to meet targets to reduce plastic leakage into the environment by 90% by 2040.

The latest figures are revealed in the third edition of the Plastics Circularity Investment Tracker, released by The Circulate Initiative, a non-profit organization dedicated to solving the ocean plastic pollution challenge in emerging markets. The latest report, which received support from the International Finance Corporation (IFC), analyzed more than 5,500 transactions across 3,000 companies in 100 countries over the six year period.