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SG 087.22

Canada is regulating six categories of single-use plastic product. The provisions in the new law will be implemented in phases, starting in December 2022.

On June 22, 2022, Canada issued its Single-use Plastics Prohibition Regulations (SOR/2022-138, the Regulation) to prohibit the manufacture, import and sale of six categories of single-use plastic:

  • Checkout bags
  • Cutlery
  • Foodservice ware
  • Ring carriers
  • Stir sticks
  • Straws

The new law contains, among other items, several important provisions:

  • Defines these six-categories of single-use plastics as products made entirely or in part from plastic
  • Exempts single-use plastic flexible straws – these are single-use plastic straws having a corrugated section that allows the straw to bend and maintain its position at various angles
  • Requires any physical characteristics of single-use plastic check out bags, single-use plastic cutlery, single-use plastic flexible straws, single-use plastic foodservice ware or single-use plastic straws to be analyzed by an ISO/IEC 17025 accredited lab where the accreditation body is a signatory to the International Laboratory Accreditation Cooperation Mutual Recognition Arrangement (ILAC MRA), or under the Environmental Quality Act. Additionally, the analysis of the physical characteristic test must be accredited, otherwise the analysis must be performed in accordance with standards of good scientific practice
  • Provides a temporary exemption on manufacture, import and sale for the purposes of export, for all categories of single-use plastics until December 19, 2025 – 42 months after the Regulation is registered
  • Requires record keeping by manufacturers for export, or imports for the purpose of exports, for at least five years at the person’s principal place of business in Canada or at any place in Canada where they can be inspected

The provisions in the new law will be implemented in phases, starting December 20, 2022.

Highlights of the new law are summarized in Table 1.

Canada Gazette, Part II, Volume 156, Number 13, June 22, 2022
Single-use Plastics Prohibition Regulations: SOR/2022-138, Registration: June 20, 2022
Item Scope Requirement Effective Date
1
  • Single-use plastic straws
Prohibited (manufacture or import)¹ December 20, 2022
Prohibited (sale)² December 20, 2023
2
  • Single-use plastic checkout bags
  • Single-use plastic cutlery
  • Single-use plastic foodservice ware
  • Single-use plastic stir sticks
Prohibited (manufacture or import) December 20, 2022
Prohibited (sale) December 20, 2023
3
  • Single-use plastic ring carriers
Prohibited (manufacture or import) June 20, 2023
Prohibited (sale) June 20, 2024

¹Single-use plastic flexible straws are exempt
²Sale is allowed in the following settings:

  • People may sell single-use plastic flexible straws in a non-commercial, non-industrial and non-institutional setting
  • Businesses may sell a package of 20 or more single-use plastic flexible straws to another business
  • Retail stores may sell a package of 20 or more single-use plastic flexible straws if there is a request by customers and the package is not displayed
  • Retail stores may sell a single-use plastic flexible straw if this is packaged together with a beverage container and packaging was done at a location other than the retail store (will be repealed on June 20, 2024)
  • Hospitals, medical facilities, long-term care facilities, or other care institutions may sell single-use plastic flexible straws to patients or residents

Table 1

SGS technical experts have extensive knowledge and testing experience in materials and articles in contact with food. They work to ensure that your products meet the appropriate regulations for food contact materials, paving the way for compliance. From overall migration tests to expert advice on emerging regulations, compliance issues and documentation review, SGS is the partner to trust. In the end, it’s only trusted because it’s tested. Discover more on our website.

For enquiries, please contact:

Dr. Hingwo Tsang
Global Information and Innovation Manager
t: (+852) 2774 7420

© SGS Société Générale de surveillance SA- 2022 – All rights reserved – SGS is a registered trademark of SGS Société Générale de surveillance SA. This is a publication of SGS, except for 3rd parties’ contents submitted or licensed for use by SGS. SGS neither endorses nor disapproves said 3rd parties contents. This publication is intended to provide technical information and shall not be considered an exhaustive treatment of any subject treated. It is strictly educational and does not replace any legal requirements or applicable regulations. It is not intended to constitute consulting or professional advice. The information contained herein is provided “as is” and SGS does not warrant that it will be error-free or will meet any particular criteria of performance or quality. Do not quote or refer any information herein without SGS’s prior written consent.

Disclaimer

SGS SA published this content on 15 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2022 14:43:10 UTC.

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Analyst Recommendations on SGS AG

Sales 2022 6 725 M
6 878 M
6 878 M
Net income 2022 682 M
698 M
698 M
Net Debt 2022 1 928 M
1 971 M
1 971 M
P/E ratio 2022 24,4x
Yield 2022 3,69%
Capitalization 16 691 M
17 071 M
17 071 M
EV / Sales 2022 2,77x
EV / Sales 2023 2,62x
Nbr of Employees 96 216
Free-Float 80,6%



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Technical analysis trends SGS AG

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Income Statement Evolution

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Mean consensus HOLD
Number of Analysts 20
Last Close Price 2 228,00 CHF
Average target price 2 591,94 CHF
Spread / Average Target 16,3%

1st jan. Capi. (M$)
SGS AG -28.09% 16 667


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