This data is live from Alchemy

Our proprietary blockchain-secured platform

Data last verified: Monday, 02/05/2024

1Ocean-bound plastic

Plastic Bank operates under the global standard defined by Jenna Jambeck. Ocean-bound plastic is defined as plastic that has not yet found its way into the ocean but is classified as "mismanaged waste". That is, plastic that is not being (formally) collected, is not likely to be collected, and is found within 50km of an ocean-bound waterway or coastal area.

2Community Members

Individuals within a recycling community who collect plastic and exchange it at a Plastic Bank collection branch for secure income and life-improving benefits.

3Equivalent Bottles Stopped

The amount of ocean-bound plastic collected and recycled in our recycling communities converted into bottles. Conversion rate is 50 bottles per kg (the average weight of a 500mL bottle is ~20g)

4Recycling Communities

Community of plastic collectors living within 50 kilometres of ocean-bound waterways involved in plastic collection and its exchange at Plastic Bank collection points.

Alchemy™

Alchemy is the blockchain platform that powers the Plastic Bank app. It enables fully traceable recycling processes, secures income for recycling community members and tailors impact reports for our stewards.

Child Labour Policy

“The only place children should have to work, is in their classroom” – David Katz, Founder & CEO

Child Labour Policy

Plastic Bank abides by strict standards around child labour.

  1. We will never employ children that fall into the definition of child labour as stipulated by the ILO Convention, notwithstanding any national law or local regulation;
  2. We will always be against all forms of exploitation of children. We do not provide employment to children before they have reached the legal age to have completed their compulsory education, as defined by the relevant authorities;
  3. We will always require business partners and associates to have and uphold the same standards and abide by country-governing laws in countries wherein they operate.

 

Plastic Bank Documentation and Processes

Prevention: 

1. Plastic Bank branch managers verify each person’s age during member registration  

  • Plastic Bank programs only allow for paid recycling transactions by 18+ age verified registered collection members and collection locations in its operations globally. 
  • Those below the national minimum age for employment are automatically disqualified from participating outside of our school and donation bin programs. 
  • This is a zero-tolerance policy. Employment contracts and other records documenting all relevant details of employees, including age, are maintained.

2. Accreditation Process in place for Branch Owners and Processor Partners

  • Required signing and compliance of Plastic Bank’s Code of Conduct (COC) and Memorandum of Agreement (MOA) (Independent Service Agreement)
  • Plastic Bank Code of Conduct on Forbidding Child Labour. 

 


“Processor represents and warrants that it will not employ children, prison labor, indentured labor, bonded labor or use corporal punishment or other forms of mental and physical coercion as a form of discipline. In the absence of any national or local law, an individual of less than 18 years of age is considered as a child. If in local laws the minimum age below is 18 years of age, but is in accordance with exceptions under International Labor Organization Convention 138, the lower age will apply. Plastic Bank and any third party designated by Plastic Bank is entitled to conduct unannounced inspections and appropriate audits of books and records of all of Processor’s premises and any other premises employed in connection with Processor’s performance under this Agreement to verify Processor’s compliance with this paragraph.”

 

  • Processing Partners must strictly follow the International Labour Organization (ILO) and the UN Convention on the Rights of the Child Guide. Processors commit to following the stricter law if more than one laws apply (e.g. state and federal, local and international) in their countries of operation. They also require their own suppliers, partners and vendors to follow the stricter applicable laws and recognize children’s rights.

 

3. Annual Awareness Campaign

  • Plastic Bank’s Global Academy Standard Modules (training) includes COC/MOA  
  • Brochure/Flyers/Posters and Handbook
  • Yearly Refresher Workshop for COC/MOA Compliance

Monitoring:

  • Random and Recurrent Site Visits
  • Internal/ 3rd Party Audits
  • COC compliance must be agreed upon and maintained with signed agreements in Alchemy for all active locations
  • Corrective action reports are internally maintained by Plastic Bank
  • PB Hotline/ Contact Details/ Communications Platform (Online and Offline)

Corrective Action: 

  1. If child labour is found in any place of production within the value chain, Plastic Bank will require the supplier to implement a corrective action plan. If corrective action is not implemented within the agreed time-frame, or if repeated violations occur, Plastic Bank will terminate all business with the supplier concerned. The corrective action plan shall take the child’s best interests into consideration, such as family and social conditions and the child’s level of education. Care shall be taken not merely to move child labour from one supplier’s workplace to another but to enable more viable and sustainable alternatives for the child’s development.