A man washes waste plastic sheets, collected for recycling, in the polluted waters on World Environment Day in Karachi, Pakistan, on Jun 5, 2023. LONDON: A group of 160 financial companies on Friday urged governments to agree a treaty to end plastic pollution that would help spur private sector action, ahead of the next round of global talks in Canada.
Curtailing the estimated 400 million metric tons of waste produced every year is a crucial part of efforts to protect biodiversity, with microplastics found everywhere from the mountainous Himalayas to staple foods and even human blood. Among specific steps, the group called for the treaty to set an objective for all public and private finance to be consistent with the goal of eliminating plastic pollution, similar to that in the Paris climate agreement and the Kunming-Montreal global biodiversity framework.
"A clear transition pathway laid out in the Treaty will help leverage finance at scale for this massive task of ending plastic pollution worldwide," said Anne-Sophie Castelnau, global head of sustainability at ING, one of the signatories.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DPM Heng Swee Keat urges sustainable finance collaboration to achieve net-zero goalspstrongHe outlined three key strategies to mobilise finance effectively./strong/p pDeputy Prime Minister Heng Swee Keat is calling for collaboration within the sustainable finance community, citing the critical role of finance in accelerating climate action across the region and achieving net-zero goals.
Source: SBRMagazine - 🏆 13. / 51 Read more »
MAS to boost sustainable finance in Singapore with AI and tokenizationpstrongGlobal hedge fund managers and private credit managers favour Singapore as a prime office location./strong/p pSingapore remains to be an attractive hub for alternative and hedge fund managers to set up their regional investment teams, the Monetary Authority of Singapore (MAS) said at the AIMA Singapore Annual Forum.
Source: SBRMagazine - 🏆 13. / 51 Read more »
Japan Finance Minister says it's difficult to comment on chance of FX interventionTOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday that it's difficult to comment on the possibility of currency intervention, when asked about the chance of such action by authorities to stem the yen's weakness.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan, US finance chiefs agree to closely communicate on FXWASHINGTON : Japan and the United States agreed to closely communicate on currency markets, Japanese Finance Minister Shunichi Suzuki said on Wednesday after a meeting with U.S. Treasury Secretary Janet Yellen.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
MAS sets aside S$35m to develop sustainable finance specialistsThe Monetary Authority of Singapore (MAS) has set aside S$35 million to support those looking to pick up skills in sustainable finance. The suite of courses in this field will be expanded. This is to upgrade the country's financial services sector to meet growing demand in the region.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
MAS allocates $35M for sustainable finance upskillingpstrongInitiatives include expanding sustainable finance courses and introducing an IBF Skills Badge./strong/p pThe Monetary Authority of Singapore (MAS) has allocated $35m to upskill Singapore's financial services sector, focusing on sustainable finance.
Source: SBRMagazine - 🏆 13. / 51 Read more »