• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
CommentaryHealth

It’s time to hold corporations accountable for the plastics crisis—and the bill could exceed $20 billion in the U.S. alone

By
Leonardo Trasande
Leonardo Trasande
Down Arrow Button Icon
By
Leonardo Trasande
Leonardo Trasande
Down Arrow Button Icon
November 21, 2024, 11:53 AM ET
Professor Leonardo Trasande is the director of the New York University Grossman School of Medicine Division of Environmental Paediatrics.
Plastic debris litters Junipero Beach in Long Beach, California.
Plastic debris litters Junipero Beach in Long Beach, California.Luis Sinco—Los Angeles Times/Getty Images

For decades, scientists have published peer-reviewed studies on hazardous chemicals in plastics and have called out for action, all to no avail. Now medical practitioners on the front line of this plastic crisis are sounding the alarm ahead of the final round of UN negotiations for a Global Plastic Treaty. The urgent message cannot be overlooked: Plastic is a threat to human health.

The lack of transparency around the plastics industry has led academics and campaigners to search for facts—and those facts are startling. Some 16,000 chemicals are used in plastic and yet only 6% are currently subject to international regulation. Of those 16,000 chemicals, many are endocrine disruptors, meaning our hormones and bodily functions are under constant attack when exposed. With a new chemical being produced every 1.4 minutes, our exposure is only set to rise.

The impact of such wholesale disruption cannot be understated. A toxic soup of endocrine disruptors, polyfluoroalkyl substances (PFAS), and phthalates present in plastic cause cancer, infertility, heart disease, and more. One study has estimated that 50,000 people a year die in the U.S. because of the level of phthalates lowering their hormones. Recycling, the fix-all solution purported by industry, can actually magnify exposure to these chemicals.

The impact on the economy is seemingly even less known to those with the power to action change. The associated social costs of the tide of plastic chemicals amount to 1.22% of the U.S. gross domestic product—a $250 billion bill for the healthcare systems of the nation.  

Perhaps a corporation or financier may think that this number is not their problem for another as their profits will be protected. This is not the case. Near-term exposure (2022-30) to corporate liabilities from plastic-related pollution, including chemical additives, is likely to exceed $20 billion in the U.S. alone. It is this risk to profit that should ring alarm bells in every finance house on Wall Street.

As the world fully awakens to the plastics crisis, litigation will be filed, legislation will be enacted, and perhaps it is this risk to the bottom line that will move the needle. As a scientist, I’m used to writing peer-reviewed papers thinking it should make a difference, but the reality is that no matter how shocking the science, it only has an impact if action is taken.

We are now starting to see the beginning of what could ensure the next generations are protected. California’s Attorney General, Rob Bonta, could have not been clearer as he stood in NYU Langone at our Plastics and Human Health Symposium and stated that “the public has been manipulated and the consumer lied to.” It’s a warning to those in the industry who choose to ignore the science and endeavor to disrupt UN negotiations for a desperately needed Global Plastics Treaty.  

A weakened treaty that prioritizes recycling and non-binding targets risks failing to address the astounding cost to human health. In response, leading global doctors alongside the Plastic Health Council have expressed their deep concern, warning of the risk of failure if the Treaty is not strengthened. Mandatory testing of all chemicals, funding for truly natural alternatives to be scaled, and a (now U.S.-backed) limit on the production of plastic. These provisions are foundational—and mean real change for future generations. Only the creation of accountability and corporate risk can protect our health and ultimately our economy.  

In this pivotal moment, the choice is ours. Where once the science on plastic and its component chemicals was suppressed, it is now mainstream. We don’t know everything—but we know enough to recognize the need to act. After working in this field for decades, I see momentum building and recognize the power policymakers and consumers have. Let us not squander this opportunity to reshape our relationship with plastic and protect the health of our planet and its inhabitants. It’s time to act.

More must-read commentary published by Fortune:

  • Shell’s Pyrrhic victory may well set the stage for more corporate climate accountability
  • Demis Hassabis-James Manyika: AI will help us understand the very fabric of reality
  • British fintech founder who moved to U.S.: U.K. tech’s problem isn’t taxes—it’s ambition
  • The next wave of AI won’t be driven by LLMs. Here’s what investors should focus on instead

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By Leonardo Trasande
See full bioRight Arrow Button Icon

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

trump
CommentarySocial Security
What happens if nothing is done to fix Social Security by 2032?
By Martha SheddenApril 21, 2026
2 hours ago
ternus
CommentaryApple
This Apple doesn’t fall far from the tree: Tim Cook is leaving at a peak and John Ternus is exactly the right CEO for the AI era
By Jeffrey Sonnenfeld and Steven TianApril 20, 2026
10 hours ago
trump
CommentaryZoom
The U.S. has a $282 billion trade surplus you’ve never heard of — and it’s at risk
By Josh KallmerApril 19, 2026
2 days ago
benioff
CommentarySalesforce
AI’s next act: how Salesforce is turning efficiency gains into revenue
By Keith Ferrazzi and Wendy SmithApril 18, 2026
3 days ago
trump
CommentaryWhite House
Trump has already endorsed the Monroe Doctrine. Now he needs to endorse the Truman Doctrine
By Robert HormatsApril 18, 2026
3 days ago
trump
CommentaryManufacturing
Tariffs alone won’t save American manufacturing — here’s what actually will
By Johan "Kip" EidebergApril 18, 2026
3 days ago

Most Popular

$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
Law
$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
By Sasha RogelbergApril 20, 2026
13 hours ago
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
AI
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
By Sasha RogelbergApril 19, 2026
2 days ago
Markets shudder as Strait of Hormuz starts resembling a combat zone. 'We're prepared to subject you to disabling fire'
Energy
Markets shudder as Strait of Hormuz starts resembling a combat zone. 'We're prepared to subject you to disabling fire'
By Jason MaApril 19, 2026
1 day ago
Current price of oil as of April 20, 2026
Personal Finance
Current price of oil as of April 20, 2026
By Joseph HostetlerApril 20, 2026
22 hours ago
Current price of silver as of Monday, April 20, 2026
Personal Finance
Current price of silver as of Monday, April 20, 2026
By Joseph HostetlerApril 20, 2026
22 hours ago
The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely
Economy
The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely
By Eleanor PringleApril 20, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.