New discussion paper on corporate plastic waste disclosures: towards a universally accepted framework

Standardised corporate plastic waste disclosures can meaningfully accelerate the transition to a circular and low-carbon economy for plastics. As business leaders better understand the environmental, social, and financial consequences of plastics used in their value chain, opportunities for improvement become easier to decipher. This discussion paper summarises the existing frameworks for corporate plastic waste disclosures and provides recommendations for their improvement. It concludes that existing frameworks already provide a good starting point for universal acceptance. However, their credibility should be further, better account for the full life cycle of plastics and be more accessible for smaller and medium-sized businesses.

This paper was developed within the PREVENT sub-working group on Plastic Accounting (Corporate Stream). A special thanks to Dominic Santschi from Ampliphi.io, who took the lead in writing this document and to all PREVENT members and partners who provided valuable input.

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