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Corporate Plastic Footprints: A Growing ESG and Sustainable Finance Focus | Pillsbury Winthrop Shaw Pittman LLP

Corporate Plastic Footprints: A Growing ESG and Sustainable Finance Focus | Pillsbury Winthrop Shaw Pittman LLP
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Waste clamp spurs effort on recycling

Waste clamp spurs effort on recycling
By JAN YUMUL in Hong Kong |
CHINA DAILY |
Updated: 2021-01-14 10:27
China s ban on imports forces rethink among countries in region on disposal
With a Chinese ban on imports of solid waste having come in at the start of the year, countries in the region are stepping up their recycling efforts.
Mageswari Sangaralingam, a research officer at the Consumers Association of Penang in Malaysia, said the Chinese move coincides with new conditions under the Basel Convention Plastic Waste Amendments also taking effect on Jan 1.
Due to environmental and health considerations, China s ban applies to the dumping, stacking and disposal of solid waste from overseas on Chinese soil. The Chinese decision has galvanized efforts in many countries to reduce their own waste. ....

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Controls and Trade Bans on Plastic Waste Shipments Effective January 1, 2021 | Beveridge & Diamond PC

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On January 1, 2021, new Basel Convention controls on international shipments of non-hazardous plastic waste will go into effect in countries around the world. As Parties to the Convention implement their obligations, companies can expect new prior informed consent, contract and documentation requirements on most transboundary shipments of plastic waste. Because the United States is not a party to the Convention, many shipments of plastic waste to or from the United States will be prohibited beginning on January 1, 2021. In the near term, the new requirements will make it more burdensome to move plastic products and waste internationally for recycling, increasing legal and business risks for those companies committed to advancing circular economy business models for plastics. ....

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