Home » Resource Database Case Study Formosa Penalized Over Plastic Pellets, But Real Risk Is in Shift to New Materials Authoring Organisation BloombergNEF Publish Date 2024 Geography United States of America Download Case Study (Formosa Penalized Over Plastic Pellets, But Real Risk Is in Shift to New Materials)(This link will take you to an external website) About this Case StudyA case study of the legal and reputational risks faced by Formosa Plastics as a result of the excessive discharge of plastic pellets into waterways. The case study explores the financial implications for the company and the growing concern about plastic pollution. Key outcomesFormosa Plastics was penalised by the USA court for violating its discharge permit conditions, specifically for discharging plastic pellets from its Texas facilities into a nearby estuary. The penalties incurred USD 50 million in settlement and the suspension of a USD 9.4 billion plant construction. The citizen lawsuit demonstrates the increasing scrutiny of plastic pollution from stakeholders and regulators. Download Case Study (Formosa Penalized Over Plastic Pellets, But Real Risk Is in Shift to New Materials)(This link will take you to an external website) Related resources Plastic Risk: Measuring investors’ risk in the plastic sector (Planet Tracker, June 2023) In this research paper, Planet Tracker examines over time the risk that the financial markets have priced into the plastic value chain and its three major segments – the single-use plastic (SUP) producers, the container and packaging converters, and the... Diving Deep: Finance, Ocean Pollution & Coastal Resilience UNEP-FI (March 2022) The Diving Deep Guidance helps you break the pollution cycle, including plastics and other solid waste, and manage the impacts of coastal infrastructure projects such as seawalls, while exploring the potential of nature-based solutions including mangroves... The Global Assessment of Private Sector Impacts on Water Ceres (April 2022) A report which digs into how industry practises are threatening global freshwater systems in five main ways – groundwater depletion, metal contamination, plastic pollution, water diversion and transfer, and eutrophication. As well as the impacts industry is... Nature-related litigation: emerging trends and lessons learned from climate-related litigation Network for Greening the Financial System | July 2024 The NGFS report on Nature-related litigation delves into the emerging trends and lessons learned from climate-related litigation, highlighting the increasing relevance of legal actions in addressing environmental challenges. The... PG&E Liabilities for California Wildfires Led to Bankruptcy BloombergNEF | 2024Location: United States of AmericaCase Study The case study discusses PG&E's legal and financial risks associated with wildfires caused by poorly maintained energy infrastructure. It also examines the broader implications of nature-related risks for utility companies in the western USA. Phool Cleans Up with Upcycled Incense and Bio-leather BloombergNEF | October 2024Location: IndiaCase Study This case study examines the financial opportunity created by Phool in addressing local water and waste impacts. The Indian company upcycles floral waste from temples into incense, compost and bio-leather, preventing pesticide pollution into water bodies and promoting circular economy practices. Related publications Additional sector guidance – Chemicals Related webinars Diving Into Oceans Data: New technologies and implications to support corporate reporting September 4, 2024 (Updated: September 4, 2024) The session was moderated by Tony Goldner and focused on how innovative data collection methods and metrics are revolutionizing the Blue Economy and informing corporate reporting in alignment with the Taskforce on Nature-related...