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ESG Government Legislation

Recently, both the California and U.S. government have passed significant legislation that will greatly encourage companies to use recycled materials

• California’s Governor Gavin Newsom signed new legislation aimed at reducing plastic waste in the state which requires all plastic packaging to be recyclable or compostable by 2032

• This will force companies to abide by regulations and use a manufacturer who creates bio-degradable/compostable packaging

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Biden to sign Inflation Reduction Act into law

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• The Inflation Reduction Act of 2022 marks a historical bill that aims to give tax credits and incentivize clean technology

• These laws will give companies such as Intec tax credits and force large companies to recycle their plastic. (Source: New York Times)

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