There’s a great future in plastics
By Lara Wozniak- Published on November 1, 2010 by Finance Asia
If you have ever swum in HongKong’s open ocean waters you know that jelly fish are a concern, sharks are of no worry (they’re finless here), but plastic bags and bottles are a genuine hazard. No surprises then, that a longstanding ocean swimmer who lives in Hong Kong, Doug Woodring, would be one of the driving forces behind a global initiative to induce corporations to use plastic in more responsible ways — a project that has the backing of investment managers with more than $5.8 trillion in assets under management as they increase their socially responsible investment metrics. The Plastic Disclosure Project (PDP), launched at the opening plenary session of the Clinton Global Initiative in September, aims to encourage corporations to be more responsible in their use of plastic. And how best to do that? Get the investment community to do the questioning.