Verified Social Plastic® has either contributed or been sourced directly from the Plastic Bank’s global reward and recycling systems.
WHAT WE DO
PLASTIC BANK STOPS OCEAN PLASTIC WHILE REDUCING POVERTY
WE DO THIS BY TURNING WASTE INTO CURRENCY
By enabling the exchange of plastic for money, items or Blockchain secured digital tokens, we reveal the value in plastic. This empowers recycling ecosystems around the world and stops the flow of plastic into our oceans. All while helping people living in poverty build better futures.
HOW WE CREATE SOCIAL AND ENVIRONMENTAL IMPACT
The Plastic Bank creates social and environmental impact in areas with high levels of poverty and plastic pollution by turning plastic waste into a currency.
To do this, The Plastic Bank provides a consistent, above-market rate for plastic waste, thus incentivizing its collection. Individuals who gather our plastic can trade it for money, items or services.
The Plastic Bank also provides the ability for local entrepreneurs to set up and operate a convenience store for the poor, in which plastic waste is the currency. Plastic collected through The Plastic Bank is recycled and sold at a premium as Social Plastic®.
The value of Social Plastic® goes beyond the commodity price of plastic: a ladder of opportunity is created for the world’s poor by providing access to income, goods and services and plastic is kept out of the ocean.
It‘s our mission to stop Ocean Plastic by gathering a billion people together to monetize waste while improving lives. This includes some of the largest companies on the planet.
‘WE PROVIDE A MEANS FOR ORGANIZATIONS TO MAKE A GENUINE IMPACT THROUGH SOCIAL PLASTIC®’DAVID KATZ, THE PLASTIC BANK FOUNDER