The damage caused by the 350 tonnes pf plastic produced every year exceeds the industry’s annual profits. Environmental damage is shifting from an externality to a business cost. Despite being light, cheap and versatile, single-use plastic products are becoming socially unacceptable.
Manufacturing production has been on a rise and the slump that began last year is possibly ending. Energy accounts for nearly 27% of total industrial production, close to it’s all time high, due to growth of shale.
The problem with investing in plastic alternatives is so many are startups that are bootstrapped. I don’t know of any publicly traded companies operating in this space yet.
If anyone does, please fill me in
I’m excited for this dedicated space more than a more generic ESG view, when it comes to environmental investing.