Lloyd’s Register (LR) welcomes the new initiative launched by Verra “Plastic Stewardship Initiative announcement” which aims to build a zero-waste future.
Specifically, LR are part of the 3R Initiative committee, a coalition committed to achieving zero plastic waste, alongside brands including Danone, Nestlé, Tetra Pak, BVRio, Conservation International, McKinsey.org, South Pole, SYSTEMIQ, Natural Capital Partners and Veolia.
To better explain, the Plastic Standard, developed and managed by Verra, helps companies that have fully maximized efforts to reduce the plastic footprint of their operations to invest in projects that collect and recycle plastic waste. Companies can do this by purchasing plastic credits from projects that meet the Plastic Standard.
The plastic stewardship initiative creates incentives for companies to invest in new or scaled-up collection and recycling projects that reduce plastic pollution and greenhouse gas emissions, help improve livelihoods and protect marine ecosystems.
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It is added that the plastic stewardship initiative includes Guidelines for Corporate Plastic Stewardship and a Plastic Waste Reduction Standard (Plastic Standard). The Guidelines for Corporate Plastic Stewardship, developed by the 3R Initiative, South Pole, Quantis and EA, provide best practices for companies to credibly and transparently quantify and report on their plastic footprints, leakage and commitments to reduce plastic waste.
Heather Moore, who manages LR’s sustainability team in the Americas, commented that as a sustainability professional and a sailor who has seen a lot of plastic in our waters, I am very excited to be involved in the development of the Plastics Standard Initiative.
I believe it has great potential to bring awareness to a significant issue affecting our ecosystems and to drive real change in how companies manage plastics in supply chains. The initiative supports projects focused on reusing and recycling plastics by providing a financial incentive along with a verifiable system to track reductions. LR sees plastic management as one of the big global issues and we are delighted to be working together with our clients to help deal with this crucial supply chain issue.
Concluding, the Plastic Stewardship is one of several sustainability initiatives that LR is involved with, evidenced by LR being one of the first companies to back the Responsible Plastic Management (RPM) program, a global assurance program to help measure and verify plastic management performance.