Plastic Bank® empowers the regenerative society. We are helping the world stop ocean plastic while improving the lives of collector communities. Plastic Bank builds ethical recycling ecosystems in coastal communities and reprocesses the materials for reintroduction into the global manufacturing supply chain. Collectors receive a premium for the materials they collect which helps them provide basic family necessities such as groceries, cooking fuel, school tuition, and health insurance. Plastic Bank’s certified blockchain platform secures the entire transaction and provides real-time data visualization – allowing for transparency, traceability, and rapid scalability. The collected material is reborn as Social Plastic® which can be easily reintegrated into products and packaging as part of a closed-loop supply chain. Plastic Bank currently operates in Haiti, Brazil, Indonesia, the Philippines, and Egypt
Purpose
Plastic Bank builds ethical recycling ecosystems in coastal communities and reprocesses the materials for reintroduction into the global manufacturing supply chain.
We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use
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Summary
Plastic Bank will use innovation to address the global challenge of ocean plastic by aligning 100% of our innovation portfolio to meaningfully advance the UN SDGs by 2030.
Objectives
Promote the advancement of the UN Sustainable Development Goals, using a closed loop plastic recycling and regeneration model to drive social, economic and environmental impact.
Metrics & Targets
By 2030, Plastic Bank will help the world stop ocean plastic while improving the lives of collector communities through plastic reduction, ocean plastic management and the facilitation of global a circular economy. Collectors receive a fair & stable income for the plastic they collect. Plastic Bank pays additional incentives, called Social Plastic Collector Rewards, to further improve quality of life and access to life necessities. Collector Rewards are partially funded through our Plastic Positive programs for businesses and individuals.
Summary
Plastic Bank is committing to enable millions of people access to clean water by 2030 through the collection of ocean bound plastic and the enactment of strategic partnerships.
Objectives
Plastic Bank will leverage our leadership in waste management to improve access to clean water, and establish collaborative partnerships.
Metrics & Targets
Plastic Bank will enable millions of people access to clean water through waste management and the facilitation of a circular plastic economy model to improve access to clean water and enacting strategic partnerships by 2030. We will continue to provide our collectors with premiums for them to exchange plastic for clean drinking water at Collection Centres. Our corporate partners will also continue help to provide soap, shampoo, feminine hygiene, and other sanitation products to our Collector communities.
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Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.
