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1、Flistofadditionalauthsseepage2ThisisaSpecialReptthatisnotadebtresearchreptunderU.S.FINRARule2242.Barclaysmakesitsdebtresearchreptsavailabletoeligibleinstitutionalinvestsonly.BarclaysCapitalInc.oneofitsaffiliatesdoesseeks
2、todobusinesswithcompaniescoveredinitsresearchrepts.Asaresultinvestsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisrept.Investsshouldconsiderthisreptasonlyasinglefactinmakingtheirinve
3、stmentdecision.ThisresearchrepthasbeenpreparedinwholeinpartbyequityresearchanalystsbasedoutsidetheUSwhoarenotregisteredqualifiedasresearchanalystswithFINRA.Pleaseseeanalystcertificationsimptantdisclosuresbeginningonpage6
4、767.SIGNATURE#climatechange#transatlanticSustainable&ThematicInvestingPlasticWaste:Don’tloseyourbottleWithonly16%ofglobalplasticsrecycledsocietyisunderpressuretoaddressplasticwaste.WebelievePETbottlesareheretostaythoughs
5、ignificantinvestmentisrequiredinitswastemanagement.WeexpectconsumerdepositschemesemergingrecyclingtechnologytosupptthetransitiontoacirculareconomyfPET.Sustainable&ThematicInvestingKatherineOgundiyaHiralPatel44(0)20313413
6、9144(0)2031341618katherine.a.ogundiya@barclays.comhiral.patel@barclays.comBarclaysUKBarclaysUKSpecialReptIResearch19June2019Barclays|Sustainable&ThematicInvesting19June20193CONTENTSUNWRAPPINGTHEPLASTICSISSUE.............
7、...............................................7Revolutionftheplasticsindustry........................................................................................................7PETplasticsareheretostay.............
8、.......................................................................................................9Recyclingistheoptimalwastemanagementstrategy....................................................................103k
9、eypressurepointsfPETrecycling..............................................................................................14CONSUMERCOMPANIESHAVELEDTHEWAY......................................15SettingambitiousrPETtarge
10、ts..............................................................................................................15Ambitionvsreality:showsneedfmerPET........................................................................
11、........16POLICYACTIONISURGENTLYNEEDED....................................................17Europeleadstheway...............................................................................................................
12、...............17USfcedtoadaptafterChina’sfeignwastepolicychanges....................................................18China’sambitiontobuildacirculareconomy...............................................................
13、....................19ALLROADSLEADTOACONSUMERDEPOSITSCHEME......................20ConsumerDepositSchemesboostrecycling....................................................................................20DifferentConsume
14、rDepositSchememodelsareavailable….......................................................23…withtheNwegianmodelbecomingthefavourite....................................................................24Recyclingyieldstobeb
15、oostedbyemergingtechnology................................................................25WefecastPETrecyclingratesarelikelytoreach70%by2030................................................26INVESTGUIDEBOOK.............
16、....................................................................28ThreebroadsegmentswithinthePETtheme...................................................................................28PETLscape.....................
17、.....................................................................................................................291.ConsumerDepositSchemebeneficiaries.................................................................
18、......................302.Emergingrecyclingtechnologies.....................................................................................................313.CompaniesexposedtochangingattitudestowardsPETwaste..........
19、.....................................34ESG:Plasticwaste&recycling...............................................................................................................35QUESTIONSFMANAGEMENT......................
20、.........................................36SECTIMPLICATIONS................................................................................38GlobalEquityResearch–Beverages.................................................
21、...................................................39EquityResearch–EuropeanFoodRetail.............................................................................................44GlobalCreditResearch–Paper&Packaging...
22、..................................................................................47GlobalCreditResearch–Chemicals....................................................................................................52Equi
23、tyResearch–USChemicals...........................................................................................................55EquityResearch–EuropeanUtilities.........................................................
24、...........................................57EquityResearch–EuropeanOilServices&Drilling..........................................................................58APPENDICES..............................................
25、.......................................................59Appendix1:Globalpolicyheatmap.....................................................................................................60Appendix2:BiodegradablePET.....
26、.......................................................................................................61Appendix3:rPETcommitments..........................................................................................
27、.................62Appendix4:RegionaldifferencesinConsumerDepositSchemes...............................................63Appendix5:Companyinterviews........................................................................
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