Twenty companies are responsible for producing more than half of all the single-use plastic waste in the world, fuelling the climate crisis and creating an environmental catastrophe, new research reveals.
Among the global businesses responsible for 55% of the world’s plastic packaging waste are both state-owned and multinational corporations, including oil and gas giants and chemical companies, according to a comprehensive new analysis.
It also reveals Australia leads a list of countries for generating the most single-use plastic waste on a per capita basis, ahead of the United States, South Korea and Britain.
ExxonMobil is the greatest single-use plastic waste polluter in the world, contributing 5.9m tonnes to the global waste mountain, concludes the analysis by the Minderoo Foundation of Australia with partners including Wood Mackenzie, the London School of Economics and Stockholm Environment Institute. The largest chemicals company in the world, Dow, which is based in the US, created 5.5m tonnes of plastic waste, while China’s oil and gas enterprise, Sinopec, created 5.3m tonnes.
Eleven of the companies are based in Asia, four in Europe, three in North America, one in Latin America, and one in the Middle East. Their plastic production is funded by leading banks, chief among which are Barclays, HSBC, Bank of America, Citigroup and JPMorgan Chase.
The enormous plastic waste footprint of the top 20 global companies amounts to more than half of the 130m metric tonnes of single-use plastic thrown away in 2019, the analysis says.