Progress report for
Mobilize public, private and philanthropic resources to reduce the amount of plastic flowing into the ocean
Achievement at a glance
At the Our Ocean 2017 conference, a global gathering of world leaders to address some of the world’s most pressing ocean challenges, Ocean Conservancy and its partners, including the Trash Free Seas Alliance®, Closed Loop Partners, PepsiCo, 3M, Procter & Gamble, the American Chemistry Council, and the World Plastics Council announced an initiative to raise over $150 million for a new funding mechanism to prevent plastic waste from leaking in to our ocean. The initiative is designed to fund waste management and recycling solutions in Southeast Asia, with a focus on investments to improve collection, sorting and recycling markets. Nearly half of the plastic that flows into the ocean every year – an estimated 8 million metric tons – escapes from waste streams in just five rapidly developing economies in Asia (Indonesia, Philippines, Vietnam, Thailand and China).<br>