National Geographic and Sky Ocean Ventures Launch Global Search for Alternatives to Single-Use Plastics

An alliance of NGOs has called for the European Union’s Non-Financial Reporting Directive (NFRD) to be reformed to ensure that more corporates are disclosing relevant climate-related information.

The EU NFRD reporting mechanism was created to ensure that the impacts of sustainability are considered more broadly throughout the whole business

The Alliance for Corporate Transparency issued the calls for improvement to get more corporates providing relevant climate-related disclosure.

The Climate Disclosure Standard Board’s (CDSB) “Falling short?” report, for example, states that 78% Europe’s 50 largest listed companies, which have a combined market capitalisation of $4.3trn, are failing to report climate-related risks, despite both NFRD and the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) calling for such data to be included. The Alliance’s own research found that only 36.2% of European companies report on their climate targets, while just 14% report on aligning targets with the Paris Agreement.

The Managing Director/Chief Executive Officer (CEO), Lagos Waste Management Authority (LAWMA), Ibrahim Odumboni, has urged engineers to design bailing machines for plastic materials to make recycling more attractive and less capital intensive.  He flayed the use of brown pet bottles for packaging of plastic drinks, urging firms doing so to stick to white ones.  Odumboni stated these at a stakeholders’ consultative forum for plastic recycling, organised by Giz, a German firm, at the Sheraton Hotels, Ikeja, Lagos.

TerraCycle® and Kroger® have partnered to create a national recycling program for Kroger® Our Brands flexible plastic packaging.