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.

Plastic Bank’s Partnership with TWE

Plastic Bank collaborates with TWE to make environmental and social impact

TWE strives for responsible business operations. By using ocean-bound post-consumer PET plastic and converting it into polyester fibers used in their operations, TWE has actively reduced their greenhouse gas emissions. They are also able to help prevent plastic from entering the ocean in collaboration with Plastic Bank. These actions are directly linked to SDG no 12 (responsible consumption and production) and SDG no 14 (life below water).

TWE pursues an active social commitment. In collaboration with Plastic Bank, TWE contributes to providing life-improving benefits for collection members in vulnerable coastal areas. These actions are directly linked to SDG no. 1 (no poverty), SDG no 2 (zero hunger) and SDG no 8 (decent work and economic growth).

Stopping Ocean Plastic While Improving Lives 

TWE has partnered with Plastic Bank specifically to make a positive social impact in addition to removing ocean-bound plastic from the environment. By using Social Plastic® feedstock, TWE helps to improve the lives of collection members in vulnerable coastal areas by providing access to benefits such as secure income, health insurance, grocery vouchers, internet data, and more.   

Plastic Bank male community member collecting plastic waste in front of the ocean in Kedonganan Beach, Bali
“Actively scanning the market for companies or organizations that could help us build on our sustainability goals, we came across Plastic Bank. They seemed a perfect fit as, just like for us, both the social and environmental aspects were indispensable and unmistakably intertwined in their business strategy. Actively pursuing these goals will ultimately create a better world.”

Hugo Christiaen
Director CSR for TWE Group

 

The world already has all the plastic it will ever need, and together with partners like TWE Group, we are giving new life to old plastic and substituting the need for virgin plastic production. By integrating our Social Plastic® feedstock into products, TWE Group is creating sustainable options for consumers.

David Katz
Founder of Plastic Bank

Meet Our Global Partners

We’re the environment’s alchemist – turning plastic into gold. Become part of the solution by activating your business with one of our partnership programs

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Meet Our Global Partners

We’re the environment’s alchemist – turning plastic into gold. Become part of the solution by activating your business with one of our partnership programs

Become a Partner