Three in four people worldwide want single-use plastics to be banned
February 22, 2022, 7:24 am

Three in four people worldwide want single-use plastics to be banned

Plastic waste/Pixabay

The Arab News reported, citing Reuters, a poll released on Tuesday showed that three in four people worldwide want single-use plastics to be banned as soon as possible. This comes as United Nations members prepare to begin talks on a global treaty to rein in soaring plastic pollution.

According to the IPSOS poll of more than 20,000 people across 28 countries, the percentage of people calling for bans is up from 71 percent since 2019, while those who said they favored products with less plastic packaging rose to 82 percent from 75 percent.

Activists say the results send a clear message to governments meeting in Nairobi this month to press ahead with an ambitious treaty to tackle plastic waste, a deal being touted as the most important environmental pact since the Paris Agreement on climate change in 2015.

“People worldwide have made their views clear,” said Marco Lambertini, WWF International’s director general. “The onus and opportunity is now on governments to adopt a global plastics treaty ... so we can eliminate plastic pollution.”

Three in four people worldwide want single-use plastics to be banned as soon as possible

Nearly 90 percent of those surveyed said they supported a treaty, but it remains to be seen whether any such deal will focus on waste collection and recycling or take more radical measures such as curbing production and use of throwaway plastics.

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Reuters revealed last week that big oil and chemical industry groups were devising strategies to persuade conference participants to reject any deal that would limit production of plastic, which is made from oil and gas and a key source of their revenues.

According to a WWF study released this month, if the United Nations cannot agree on a deal to put the brakes on plastic pollution, there will be widespread ecological damage over the coming decades, putting some marine species at risk of extinction and destroying sensitive ecosystems such as coral reefs and mangroves.

It is likely to take at least two years to finalize any treaty. But whatever is agreed at the Nairobi conference from Feb. 28 to March 2 will determine key elements of any deal.

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The biggest support for single-use plastic bans in the poll came from the likes of Colombia, Mexico and India, developing countries at the sharp end of a waste crisis.

The IPSOS poll also showed that 85 percent of respondents globally want manufacturers and retailers to be held responsible for reducing, reusing and recycling plastic packaging, up from 80 percent previously.

Source: arabnews

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.