Solution by: Plastic Bank
Turning Plastic Waste into a Currency TE C LI M A IT F E BEN
ing it d bu rn . in ste a is sion s pla st ic m g e n n li o c y c arb By rec k c u ts n a B P la st ic
Plastic Bank offers communities a chance to harvest and repurpose plastic as a form of currency while encouraging companies to purchase and use this recycled material – a concept they call Social Plastic. ,
Plastic waste litters beaches and oceans across the globe. Rather than viewing it as garbage, Plastic Bank empowers local communities by offering them the chance to collect this waste, bring it to a Plastic Bank facility where it can be recycled and repurposed, and receive necessary goods and tools in exchange. The company also offers collectors access to 3D printers, enabling them to create goods for themselves and their community, and become small-scale entrepreneurs by selling items they’ve created.
ENVIRONMENTAL This social enterprise removes plastic waste from the environment and recycles it into new materials. THE TRIPLE BOTTOM LINE
SOCIAL Plastic Bank offers individuals the chance to improve their livelihoods and even become small business owners via the company’s 3D printing program.
Plastic Bank also encourages businesses to take part in this initiative by buying Social Plastic – the recycled material from the company’s facilities. In doing so, Plastic Bank not only empowers disadvantaged communities to recycle their local waste and improve their livelihoods, but also encourages corporations to become more conscious of ethical plastic sourcing. Plastic Bank has recently completed its final pilot project in Peru, and is now working in Haiti to help thousands of people earn a better living through recycling. WHY A SUSTAINIA100 SOLUTION? Plastic pollution is a growing problem with as much as 12.7 million tons of plastic washing into
ECONOMIC Plastic Bank offers plastic collectors the chance rise out of poverty and improve their economic circumstances.
the ocean each year.1 By highlighting the environmental, social, and economic benefits of recycling and keeping plastic out of our oceans, Plastic Bank is empowering individuals and saving resources.
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PERU AND HAITI
1 Jambeck et al. “Plastic waste inputs from land into the ocean.” Science. Vol. 347. no. 6223. pp. 768-771. 2015
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