Luxshare Shares Rise as First-Half Profit Jumps 18% 
J.P. Morgan Upgrades Diploma, Lifts Price Target to 8,250p 
Ampol Profit Surges as Refining Margins Hit Record Highs 
Bathla Group Hires Administrators as Australia Housing Slump Deepens 
Trump Buys SpaceX Shares After Record IPO 
SpaceX Hires Natural Gas Trader to Meet Growing Energy Needs 
Anthropic IPO Could Challenge SpaceX’s Record $86 Billion Offering 
Tokio Marine Eyes Multibillion-Dollar Suncorp Takeover 
Alibaba Raises $10.2 Billion to Expand AI Infrastructure 
SoftBank Plans Record $6.3 Billion Bond Sale to Fund OpenAI Investments 
Amazon to Expand Drone Delivery to 500 U.S. Locations 
California Seeks Paramount Divestitures in Warner Bros. Merger 
SK Hynix Shares Fall as Workers Reject Wage Deal 
Woodside Drops $5 Billion Clean Energy Plan as Profit Rises 7% 
Shein Launches $1.77 Billion Hong Kong IPO After Years of Listing Delays 
Nvidia AI Server Prices Set to Rise as Memory Costs Surge 
Samsung Shares Tumble 8% as $79 Billion Return Plan Disappoints 
Add as a preferred source on Google
The Coca-Cola Company, PepsiCo, CWAY Group, Viju Industries, and Rite Foods have been identified as Lagos's top five polluting parent companies. This information was revealed as part of the outcome of a brand audit and cleanup exercise.
Polluting Brands and Event Details
EnviroNews Nigeria reported that the audit was conducted by Sustainable Research and Action for Environmental Development (SRADev) Nigeria in collaboration with Waste Pickers of Lagos (ASWOL) and Lagos State Waste Management Authority (LAWMA). CWAY, Mr. V, Coca-Cola, 7-up, and La Casera are the top five polluting brands. The exercise occurred on November 7, 2023, at Agege's Transfer Loading Station, hosted by LAWMA.
During the audit, it was discovered that food packages, including bottle and sachet components, accounted for 3,538 plastics, constituting roughly 99% of the plastic brand pollutants. Household products, packaging materials, and personal care products accounted for 39 plastics, approximately 1% of the plastic brand pollutants. Most plastic types identified were Polyethylene Terephthalate (PET), totaling 1,296 plastics.
The audit also highlighted the emerging environmental hazard caused by dispensing alcoholic drinks in sachets. This practice contributes significantly to pollution.
Concerns with Multi-Layered Plastics (MLPs)
Mr. Friday Oku, president of ASWOL, emphasized the growing menace of waste from multi-layered plastics due to their limited value. A representative from LAWMA commended the initiative and acknowledged the importance of addressing plastic waste challenges.
3,577 plastics were audited, including food and household products, packaging materials, and personal care products.
The objectives of the audit include raising awareness about the health effects of plastic pollution, providing data on the plastic pollutants and identifying the responsible companies, holding corporate organizations accountable for their plastic pollution, and urging regulatory actions to eliminate single-use plastics in Nigeria.
In October, Coca-Cola, PepsiCo, and Nestlé emerged as the most frequently identified companies by the Break Free From Plastic movement in 239 cleanups and brand audits across 42 countries and six continents. This global observation highlights these corporations' significant role in plastic waste management, as per a press release.
Photo: Ruud de Peijper/Unsplash
