A high-level discussion on solutions to the global plastic pollution crisis took place in Davos on 24th January, organised by the Prince Albert II of Monaco Foundation in partnership with UnaTerra. The breakfast meeting, held alongside the World Economic Forum, brought together 30 international leaders from major corporations to exchange ideas and explore innovative approaches to reducing plastic waste.
Plastic pollution has become one of the most pressing environmental threats, with devastating consequences for marine ecosystems and human health. Despite widespread awareness and global initiatives, progress remains slow, and international negotiations on the issue have largely stagnated. In response, the event highlighted the critical role that private sector leaders, civil society, and innovators must play in driving practical and sustainable solutions.
Prince Albert II of Monaco, who opened the event titled ‘Bridging Perspectives: Advancing Solutions to Plastic Management’, called for decisive action and economic commitment to confront the issue. “Economic investment is indispensable in resolving the monumental challenge posed by plastic. At the same time, this investment represents a significant opportunity for innovation, development, and progress,” he said. “This is a vital threat, but we are not powerless in facing it. That is why we are here: to act, to mobilise the right resources, and to bring together the right people. Because the tools and the willpower exist.”
The discussion centred on pivotal questions, including the barriers businesses face when transitioning to circular economy models, promising innovations in plastic waste management, and how collaboration across sectors can scale up effective strategies. Attendees shared insights and best practices, with a focus on fostering partnerships to drive meaningful change.
The event was part of the Foundation’s broader mission to support the development of a sustainable blue economy, addressing critical threats to the world’s oceans. It also followed a series of other engagements during Davos week, including the Monaco House event on 23rd January, organised by the Government’s Attractiveness Department to promote Monaco’s initiatives in ocean conservation and sustainable development.
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Main photo source: FPA12