Ten rivers in Asia and Africa carry 93% of the waste found in the world’s oceans, with over half coming from just five rivers in Southeast Asia. The Yangtze River alone dumps up to an estimated 1.5 million metric tons of plastic waste into the Yellow Sea.
Working with organizations like Alliance to End Plastic Waste, we believe we can affect much-needed change. It is estimated that we can reduce plastic leakage by 45% by improving waste management and recycling in China, Indonesia, The Philippines, Vietnam and Thailand.
We know that we can’t solve the plastic waste issue alone. It will take all of us – industry peers, associations, governments, non-governmental organizations, brands, retailers and consumers – working together to make a difference.
We are all partners in this cause to end plastic waste in the environment.
Dow is a founding member of the Alliance to End Plastic Waste (AEPW), a newly formed organization committing more than $1 billion, with the goal of raising $1.5 billion over the next five years, to develop and scale solutions that manage plastic waste and promote post-use solutions of plastic.
Through a four-part strategy that focuses on infrastructure, innovation, education and clean up, AEPW is developing scalable solutions that will minimize and manage plastic waste while promoting solutions that will drive a circular economy for plastic. The Alliance membership represents global companies and organizations located throughout North and South America, Europe, Asia, Africa and the Middle East.
Circulate Capital is an impact-focused investment management firm dedicated to financing innovation, companies and infrastructure that prevent the flow of plastic waste into the world’s ocean while advancing the circular economy.
Circulate Capital’s mission is to demonstrate the viability of investment in the waste management and recycling sectors to attract the institutional investment capital needed to scale integrated recycling and waste management companies and infrastructure across South and Southeast Asia. These regions have been identified as contributing disproportionately to ocean plastic pollution primarily because they lack the critical waste infrastructure to manage the problem.
Dow is investing in Circulate Capital’s Ocean Fund – the first fund and incubator preventing ocean plastic. Our $15M investment is intended to:
The Global Plastic Action Partnership (GPAP) is driven by the World Economic Forum and funded by the governments of Canada and the U.K., along with Dow and other global brands. The partnership aims to fast-track a circular economy by evaluating viable solutions to reduce plastic pollution, prioritize these solutions for investment opportunities and develop a roadmap for implementation.
The GPAP translates commitments into local action and supports Dow’s commitment to a circular economy for plastic by showing how business, communities and government can redesign the global “take-make-dispose” economy as a circular one.
The partnership’s first national engagement will be a collaboration with Indonesia’s Coordinating Ministry of Maritime Affairs and the Ministry of Environment and Forestry, local businesses and stakeholders.
The GPAP has been designed so that Indonesia’s approach to address plastic pollution can act as a prototype. The group aims to have investable, localized solutions in place by 2020, which can then be adapted to other countries.