At the UN Environment Assembly in 2022, 175 countries agreed to begin negotiations on a UN treaty to end plastic pollution. Next week, the fifth – and hopefully final – meeting of the Intergovernmental Negotiating Committee (INC-5) takes place in Busan, South Korea.
The aim, from the outset, was for the text of the treaty to be finalised this year. But how close are we to that goal and what outcomes do businesses need from the meeting?
The business case for a treaty that’s high on ambition
Unilever and others have laid the pathway for change on plastic pollution through voluntary initiatives – such as the work of the Ellen MacArthur Foundation (EMF) and the United Nations Environment Programme (UNEP) Global Commitment – and set out a collective strategy for industry to play its role in tackling the problem.
But voluntary initiatives alone aren’t enough. More interventions are needed across the full lifecycle of plastic: both upstream (for example, raw material extraction and production) and downstream (segregation, collection, sorting, recycling and disposal).
Voluntary initiatives also distort the market because they often lead to higher costs. This means that companies taking action are at a competitive disadvantage compared to those not taking action. This can discourage voluntary efforts, highlighting the need for a level playing field where all companies are held to the same standards.
A legally binding treaty underpinned by global rules is a critical opportunity to achieve this, by helping business avoid the current disconnected national efforts and creating a level playing field. This, in turn, would simplify supply chains, scale existing solutions and spur further innovation.
What is the Business Coalition and what is it calling for?
Unilever co-chairs the Business Coalition for a Global Plastics Treaty which aims to give confidence to governments that businesses and financial institutions want harmonised global rules and regulations.