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Source: iStock

The Alliance to End Plastic Waste Launches With $1 Billion Commitment to End Plastic Pollution, Faces Criticism

By Carly Sitzer

Nearly 30 companies have come together and committed more than $1 billion to launch the Alliance to End Plastic Waste, with the goal of investing $1.5 billion over the next five years to help minimize the impact of plastic waste on our planet. 

The AEPW is made up of 26 companies — including Procter & Gamble, ExxonMobil, Dow, Mitsubishi Chemical Holdings — located throughout the world, with many of them being major contributors to plastic pollution. According to a press release about Alliance’s launch, the AEPW “will develop and bring to scale solutions that will minimize and manage plastic waste and promote solutions for used plastics by helping to enable a circular economy.” 

While the Alliance is made up of many large companies, David Taylor — the Chairman of the Board, President and CEO of Procter & Gamble, and now the chairman of the AEPW — encouraged smaller companies to get involved as well.