Legg Mason and Jupiter Asset Management jointly hosted a charity run over 10km on 11 April in Stockholm - dubbed The Race Against Plastic (TRAP) - which raised some $9,684 to fund the work of UK based Plastic Oceans.
Led through a warmup by Malin Ewerlöf, who has had a 20-year career as an elite runner and is known as one of Sweden's best runners, having held several Swedish records, the race was joined by some 25 investment clients, to raise awareness of the issue of plastics being dumped into the world's oceans, as well as raise money for the charity work ongoing.
As noted in an earlier article published by InvestmentEurope on the project (https://www.investmenteurope.net/news/4001576/trap-race-plastic-charity-run-takes-stockholm) it is estimated 8-12 million tonnes of plastic enters the oceans annually - much of it driven by single use plastic products. By 2050 at the current rate of consumption and pollution it is estimated that by weight there may be more plastic in the oceans than fish.
Peter Andersson, head of Nordics and New Markets (EMEA) at Legg Mason, said: "This was without question one of the best events I've been part of in my career, perhaps the best. The good cause, the community spirit, the unmatched feeling of doing some real good and of course raising $10,000 for a wonderful cause. I think we've started something big here and who knows where we can take it… The investment community is very strongly behind this and we are now right at the centre of it. Exciting times."
Further donations can be made at: https://mydonate.bt.com/fundraisers/trap.
Further information on the work of Plastic Oceans can be found here: https://plasticoceans.uk/