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The use of plastic packaging is a multifaceted issue ingrained in daily life, entwining convenience, economic factors, technological constraints, and environmental impact¹. Addressing it necessitates a multi-dimensional approach involving technological innovation, systemic shifts, and global cooperation.

To effectively tackle this challenge, delving into its complexities, underlying causes, enabling factors, and potential solutions is crucial.

The problem

The use of plastic packaging has been integral to society for decades, serving purposes like food preservation, product packaging, and various infrastructure projects². Its cost-effectiveness, durability, and lightweight nature have made it the material of choice across many industries³. However, its disposal poses a significant problem, as plastic takes hundreds of years to decompose, leading to widespread ecological damage. 

Clogged drainage systems in plastic-polluted cities during the rainy season exemplify this issue⁴. Poor waste management practices, low recycling rates, slow recycling technology advancements, and the absence of comprehensive Extended Producer Responsibility (EPR) policies exacerbate the plastic packaging crisis, necessitating effective solutions and systemic changes⁵.

The challenges

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To better understand the impact of plastic packaging on society, outlined are four key challenges that highlight the difficulty of getting rid of plastic in the current market:

Versatility of plastic packaging

The flexible nature of plastic makes finding alternatives challenging, given its cost-effectiveness and functionality⁶. Major corporations in the United States, like Amazon and Walmart, prioritize plastic for affordability, overlooking its long-term environmental impact⁷. Despite emerging sustainable alternatives, the pervasive use of plastic in various industries remains a significant hurdle.

Longevity

Plastic’s durability makes it the preferred material for various products, with the ability to withstand harsh environmental conditions for hundreds of years⁸. However, this durability poses challenges at the end of its lifecycle, leading to overwhelming plastic waste in cities like Mumbai and Delhi⁹. Mismanagement perpetuates the existence of microplastics, posing environmental and health hazards¹⁰.

Consumer behaviour

Single-use plastic, popular in households and fast-food chains, have become ubiquitous. Despite awareness campaigns, consumer preference for convenience prevails¹¹. For example, Australia faces high consumer demand for single-use plastic, challenging efforts by major supermarkets such as Cole and Woolworths to reduce consumption¹².

Infrastructure and recycling

Technological innovation has led to numerous creations of smart appliances and improvements in business processes¹³. However, the surplus of electronic products and waste poses a challenge, as processing requires advanced processes and machines. Germany, known for efficient waste management, faces difficulties in processing complex plastic waste due to a gap in technological infrastructure¹⁴.

The solution

Now, is plastic packaging really a problem? Yes, but a manageable one. Through creativity and innovation, we can address this human-made challenge.

Photo by leungchopan on EnvatoElements

Innovation in materials

Technological advancement is not just meant to develop new plastic applications. It can also be utilized to create and search for eco-friendly alternatives. One material that can be considered is Social Plastic® feedstock, which is recycled plastic feedstock that is reprocessed and reintegrated into products and packaging. 

Consumer education and awareness

Consumer habits can be influenced. With a series of educational awareness campaigns and positive reinforcements through signage and infomercials, consumers can shift their preference to greener options. 

Manufacturers should incorporate visual cues about recycling practices in their product packaging. On the other hand, local governments should strategically place waste segregation bins in populous areas along with posters and signage reminding everyone to practice proper solid waste management. 

Meanwhile, corporations have the opportunity to initiate and monitor their environmental footprint through the Plastic Bank’s Plastic Footprint Calculator. The application enables companies to oversee their plastic packaging waste with the help of experts. The tool provides them with live updates on their progress and the impact they are creating on the environment.

Empowering the circular economy

Product packaging can be designed for reuse, repurpose, or recycling.  Plastic Bank helps businesses create products made of recycled plastic through its Social Plastic® program. Alternatively, companies can offset their plastic footprint with Impact Programs, allowing companies to empower the collection, exchange, and proper recycling of mismanaged plastic waste in areas with high rates of plastic pollution and poverty.

Moving Forward

As we stand at the crossroads of environmental sustainability and convenience, it’s clear that the journey with plastic is fraught with complexities. Yet, it’s within these challenges that we find our greatest opportunity for change. The question we face now is not just ‘can we?’ but ‘how will we?’ transform our relationship with plastic.

This path to a better and wasteless world is not a solitary one; it is a collaborative endeavour that demands a united commitment. Individuals, businesses, and governments must come together, prioritizing the environment in every decision. The impact of our collective efforts is profound – each small step, every innovative solution, and each conscious choice cumulatively leads to significant, positive changes for our planet. The power to reshape our future and combat plastic pollution lies in our hands. Let’s inspire and drive change, for a world where we don’t just exist, but actively contribute to its well-being.

The post Plastic packaging: is it a problem? first appeared on Plastic Bank.

In response to growing concerns about plastic pollution, the international community, under the United Nations guidance, launched the ambitious negotiations toward a global Plastic Treaty. This significant initiative addresses the entire plastic value chain to reduce pollution effectively. Amidst this global effort, Plastic Bank is tackling the issue at its source, creating both environmental and social impact in the Philippines, Indonesia, Thailand, Egypt, and Brazil. Our Social Recycling movement is enlivening a wasteless world in alignment with the Treaty’s broader objectives and goals.

Photo by Plastic Bank

The Plastic Treaty, formally known as the Plastics Treaty Mandate, represents a landmark global initiative supported by 175 nations to address the escalating plastic pollution crisis comprehensively. This Treaty commits to developing a universally binding agreement by 2024, encompassing the entire lifecycle of plastic — from production and design to waste management. Its holistic approach aims to prevent waste, tackling plastic pollution’s symptoms and root causes. Central to the Treaty’s mission is a fundamental shift in our relationship with plastic. This is a critical move as global plastic production exceeds 400 million tons per year, which threatens to grow without proactive measures. The Treaty aims to alter this trajectory, pushing the international community towards sustainable practices that significantly reduce plastic pollution, particularly its scourge of ocean and marine ecosystems.

The Intergovernmental Negotiating Committee (INC), led by the United Nations Environment Programme (UNEP), oversees the drafting and negotiation of this agreement. The INC plays a crucial role in coordinating discussions and collating inputs from member states, aiming to conclude negotiations by the end of 2024. This process demands an unprecedented level of international cooperation and commitment.

At its essence, the Treaty seeks to substantially mitigate plastic pollution, focusing on challenges like ocean pollution, microplastics, and the environmental contamination caused by plastic. The negotiations at the UN Environment Assembly in Nairobi marked a significant milestone towards reaching these objectives and establishing global accountability.

In this effort, Plastic Bank emerged as a significant changemaker. Harmonizing with the Treaty’s comprehensive strategy, Plastic Bank’s innovative model motivates plastic waste collection before it contaminates our ocean. Through partnerships in regions with limited waste management infrastructure and high rates of plastic pollution and poverty, Plastic Bank establishes collection branches where community members can exchange plastic as currency for additional income and life-improving benefits, including health, work and life insurance, digital connectivity, grocery vouchers, school supplies, fintech services, and more. The collected material is processed into Social Plastic® feedstock for reuse in products and packaging by some of the world’s most progressive companies. This not only aids environmental cleanup but also offers social and economic impact. 

Plastic Bank’s approach directly supports the Treaty’s goals, significantly reducing plastic entering our ocean and fostering a circular economy for plastic. Additionally, Plastic Bank’s initiatives help brands, consumers, and the plastic collection value chains become active participants in the fight against plastic pollution and poverty. Awareness-raising efforts with schools and faith communities support the effort.

The collaboration between global initiatives like the Plastic Treaty and innovative solutions from organizations like Plastic Bank offers a comprehensive and pragmatic approach to tackling plastic pollution. This alliance is pivotal in protecting our planet and redefining our interaction with plastics, setting a course toward a cleaner, more regenerative future.

The post From global agreement to local action: the impact of the Plastic Treaty negotiations first appeared on Plastic Bank.

In a world awash with plastic, it’s easy to feel overwhelmed. From our grocery aisles to our ocean, plastic seems inescapable. What if you could measure your personal contribution to this global issue and take meaningful steps to reduce it? Enter the Plastic Footprint Calculator – a tool designed to help you understand and minimize your plastic consumption so you can make a difference. 

Once you know your plastic footprint, there are practical ways to reduce your plastic footprint. It’s about making small, conscious changes that collectively lead to a significant impact.v

Discover your plastic footprint

It’s time to discover your actual plastic footprint. The Plastic Footprint Calculator is your personal guide to understanding and improving your environmental impact. It’s easy to use and eye-opening.

Once you know your footprint, you can take steps to reduce it. You can even challenge friends and family to participate! Collective action leads to collective impact.

Photo by Pexels

8 tips and tricks to stop your plastic footprint

Now that you know how much plastic you are using, it’s time to discover easy ways you can make a difference at home and in your community! 

Refuse and reduce

1. Just Say No: Start by refusing plastic whenever possible. Say no to straws, plastic lids, bags, and takeaway containers. Single-use plastic is one of the biggest culprits in environmental pollution.
2. Review and Recognize: When dining out, review restaurants and cafes on their plastic usage. Recognize them when they avoid straws and plastic packaging and let them know you want better when they don’t.
3. BYOR (Bring Your Own Reusables): Always bring along reusable water bottles, coffee mugs, and shopping bags. Some retailers even offer discounts for this eco-friendly practice

Shop smart

4. Speak Up at Supermarkets: Ask your local grocery stores and retailers to point you to the products that are doing good for the planet. Choose products that are made out of recycled, reusable and compostable packaging. It’s not just about what you buy, but also about how it’s packaged.
5. Bulk Up: Bring your own glass containers or mesh bags and buy grains, nuts, and other items from the bulk section. It’s a win for the environment and often for your wallet too!

At home tweaks

6. Natural Alternatives: Replace plastic items at home with those made from natural or reusable materials. Think bamboo toothbrushes, glass jars, and wooden toys.
7. Be a Changemaker: Whenever you spot plastic in nature, take a moment to collect it. Recycle it if possible or dispose of it properly. Every piece you remove makes a difference.

Go Plastic Net-Zero

8. Offset your Plastic Footprint: Purchase a Plastic Net Zero certificate and empower Plastic Bank collection community members to stop 84 kilograms of plastic from entering the ocean – the estimated global average plastic footprint of one individual per year. This collected plastic is exchanged as currency for secure income and life-improving benefits, which help our communities stop ocean plastic while paving a path out of poverty. You’ll also receive a certificate to commemorate your first step in your sustainability journey!

You can be the change you seek

Reducing your plastic footprint isn’t just about personal change; it’s about contributing to a global solution. Each choice, each refusal of a plastic straw, each time you bring your own mug, you’re making a statement. You’re part of a growing wave of conscious consumers who believe in a cleaner, greener planet.

So, are you ready to measure your impact and take meaningful steps to reduce it? Let’s make it a collective journey towards a more sustainable future.!

It’s time to set the course for a lighter, brighter future for our beautiful Earth.

The post 8 tips to reduce your plastic footprint and make a real impact first appeared on Plastic Bank.

Photo by: stevanovicigor at EnvatoElements

As the new year kicks off, everyone’s buzzing with excitement. It’s all about new stuff – fresh clothes, cool gadgets, and a bunch of new plans for the year. Businesses and families alike are ready to hit the refresh button and start the new year with their best foot forward.

But, trying out new stuff usually means ditching the old, and that’s not helping our plastic waste problem. To keep things eco-friendly and make sure businesses remain compliant with extended producer responsibility (EPR) legislation, here are some recycling trends coming up in 2024.

Why does recycling matter?

Recycling is not new. Even preschool students are taught the three Rs. We cannot understate the importance of solid waste management, which includes the conservation of valuable resources and the reduction in energy consumption and use of landfills¹. 

As a matter of fact, when we recycle and repurpose materials such as plastic packaging, we ultimately reduce the need for resource extraction and energy-intensive manufacturing processes. This helps alleviate the burden on the environment. 

At the same time, recycling supports economic growth by creating jobs. It also fosters a culture of sustainability where manufacturers and households are engaged to adopt greener solutions to preserve the planet².

9 recycling trends to look for in 2024

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As we approach 2024, we’re observing nine trends that are gaining traction or re-emerging in the landscape of sustainability. These trends have long-standing ties to environmental efforts, with many evolving over the years. 

Today, they’re being reshaped by the increasing urgency for stronger eco-friendly practices. Let’s explore these trends that are setting the stage for a more sustainable future.

1. Increased emphasis on the circular economy

The concept of a circular economy, where products and materials are designed for reuse and recycling, has been gaining momentum. Governments have also put in place incentives for businesses that support circular initiatives. With the development of technology, this trend is expected to continue to reduce waste, promote responsible use of resources, and build a regenerative future in 2024 and beyond. 

2. Advanced recycling technologies

Innovations in recycling technologies, such as chemical recycling and waste-to-energy solutions, are expected to play a more significant role in reducing the environmental impact of waste disposal.

More and more companies are utilizing the help of big data and AI in the fast and accurate formulation of solutions that can break down plastic and other materials in a faster yet safer manner³.

3. Single-use plastic reduction

Many regions and companies are implementing or planning to implement restrictions and bans on single-use plastic to reduce plastic pollution. In the Philippines, most local government units (LGUs) have encouraged the citizens to use eco-bags for their shopping needs. With LGUs implementing stricter sustainability practices and legislation, this trend is expected to continue in 2024.

4. E-waste recycling

With the increasing use of electronics, there has been a growing focus on e-waste recycling to recover valuable materials and reduce the environmental impact of electronic waste. 

This is an emerging trend thanks to the novelty of technology and equipment that process e-waste⁴. In fact, it has garnered a lot of attention, especially in China and the European Union (EU) where most appliances and electronics are manufactured. Expect to see more news and laws supporting the management of e-waste in the coming years.

5. Consumer engagement

Public awareness about recycling and sustainability is growing. In fact, with the help of social media and the internet, news and environmental campaigns have become a lot easier to cascade to global audiences. This has created socially conscious consumers who actively look for and support companies who invest in environmental stewardship⁵. 

In 2024, there will likely be more emphasis on consumer education and engagement to promote responsible recycling habits. This is especially true in schools and communities where public awareness is most needed.

6. Localized and community-based initiatives

Communities and local governments are increasingly taking initiatives to manage and process their waste locally, reducing the need for long-distance transportation of recyclables.

With the increase in floods and natural disasters, LGUs and respective homeowners associations are seeing the need to constantly improve the management of waste to prevent such phenomena⁶. 

7. Sustainable packaging

Companies have been exploring sustainable packaging options to minimize the environmental impact of their products. This could include more use of reusable, biodegradable, or compostable materials.

Organizations like Plastic Bank have created recycled and recyclable materials such as Social Plastic® feedstock, which are integrated into new products and packaging. 

8. Extended producer responsibility (EPR) programs

EPR has been in sustainable development for decades. However, it is only in recent years that it has emerged as one of the most potent policy tools at the disposal of LGUs and the national government in the Philippines. 

By shifting the responsibility for recycling and managing waste from consumers to producers, the latter is compelled to be more aware and responsible for the negative environmental impact they create. Of course, the national government incentivizes these EPR  programs, and this trend is expected to continue to grow.

9. Green financing and investment

More investments in recycling infrastructure and sustainable practices are expected, as environmental considerations become a focal point for investors. With the public becoming more particular with the brands they support, investors are keen to support businesses and enterprises that can generate a positive impact in the eyes of consumers.

Harnessing recycling trends in 2024 

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Technological advancements have the potential to significantly amplify recycling efforts to reduce the global demand for virgin raw materials. The trends shown above provide a lot of promise that can be further improved and enhanced. 

The trends identified in this article barely scratched the surface of all the innovative trends in 2024. Among others include molecular recycling, data analytics, and biological depolymerization which are all being developed as we speak. 

Implementing these new trends into your business provides a competitive advantage and increases compliance to EPR laws. To better understand which programs work and fit for you, get in touch with one of our experts now.

The post 9 recycling trends to look out for in 2024 first appeared on Plastic Bank.

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In a society that is becoming increasingly aware of the adverse environmental effects of excessive plastic packaging, it is vital for consumers to take responsibility and adopt sustainable practices in their daily lives. 

Waste management plays a critical aspect in this endeavour. As an individual or an organization, there are simple yet effective ways to ensure solid waste management to increase recycling rates while promoting a healthier and eco-friendly lifestyle. 

In this article, we’ll explore the top five best waste management hacks that you can incorporate into your daily routine.

Hack #1: Reduce, reuse, and recycle

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In school, we were taught the importance of the famous three Rs: reduce, reuse, and recycle. They serve as the cornerstones of effective solid waste management¹. Cliche as it may sound, these principles curb excessive plastic packaging and contribute to a greener planet. 

Reduce

Be mindful of what you consume. Avoid buying single-use items or products with too much plastic packaging. Actively seek out products and brands with minimal or reusable packaging. By being conscious of your consumption of single-use plastic, you can contribute to minimizing excessive plastic packaging waste. 

Reuse

Reusing items is the best way to reduce waste. When cleaning your home, consider if any items can be repurposed. Items such as glass jars can be reused as food containers, old clothes can be upcycled, and furniture can be refurbished instead of being discarded. You can also consider making DIY crafts out of these items. 

Recycle

Recycling is the most effective way to conserve resources. Separate general wastes from recyclable items for ease of disposal. This way you are increasing the recyclability of these wastes. 

Plastic packaging has a high recyclability if it is kept clean. Consider cleaning these items before sending them to the junk shops. This way you are contributing to the livelihood of recycling workers while increasing the number of plastic packaging to be processed as social plastics. 

Lastly, familiarize yourself with the recycling programs of your community. They usually have comprehensive recycling projects aimed to accommodate a wide range of materials such as aluminum, cardboard, glass, paper, and plastic packaging. 

Hack #2: Composting does magic

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Composting converts organic materials to nutrient-rich soil. All your kitchen waste like rice, meats, cheeses, vegetable peels, egg shells, and other foods can be placed in the compost.

Composting reduces greenhouse gas emissions, diverts organic waste from landfills, and provides a nutritious snack for your garden². It is a win-win solution for both the environment and your plants.

While composting is a good idea, this is best to do in organic materials. We should be reminded that not all materials should be discarded. Landfills start from stacking of small items. If not mitigated, it could result to an immaginable amount of waste.

Hack #3: Upcycle and repurpose your items

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Recycling and repurposing items prevents waste and showcases your creativity. Try finding a new use for old furniture, clothing, and household items instead of throwing them away.

A worn-out pair of jeans can be transformed into stylish denim shorts, or try transforming an old wooden ladder into a bookshelf. 

There are endless possibilities when it comes to upcycling, and it can be an enjoyable and rewarding way to reduce plastic waste.

Hack #4: Consume smartly

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You can play a significant role in waste management by becoming conscious of your shopping habits.

Even before the waste enters your house, you can reduce it by becoming a smart shopper. These tips can help you reduce the amount of waste you produce while shopping:

Buy in bulk

Bulk purchases reduce the need for excessive packaging. Look for brands and stores that provide bulk bins for products like nuts, grains, and pasta. Bring your own containers to minimize waste. 

Use reusable bags

Plastic is the main source of waste and pollution. Using reusable shopping bags made of fabric minimizes unnecessary waste. Always keep them in your car so you don’t forget to use them when shopping. 

Shop locally and sustainably

Consider supporting local businesses in your community. More often than not, these have less packaging and a smaller carbon footprint³. You are not just helping your local economy, you’re also helping control pollution. 

Hack #5: Dispose of hazardous waste properly

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There is waste that cannot be thrown away or recycled because of it contains hazardous materials. These items pose adverse effects to human health and the environment if not disposed of correctly. Some common examples are batteries, paints, chemicals, and electronic waste. 

To manage hazardous waste, below are effective waste management tips: 

Find a local hazardous waste disposal center

Local governments have designated facilities for the safe and proper disposal of hazardous waste⁴. Coordinate with your local communities for relevant information on where to drop off applicable products and packaging. 

Recycle e-waste

E-waste such as old smartphones, computers, and other electronics often contain valuable materials that can be recycled. Most manufacturers have Extended Producer Responsibility (EPR) programs offering recycling initiatives⁵. Take advantage of these options to ensure that you are properly disposing of old electronics.

A waste free future

Effective waste management is a shared responsibility, and each of us can make a meaningful contribution to reducing waste and preserving the environment. 

By adopting these waste management practices in your daily life, you not only reduce your ecological footprint, but also set a positive example for others to follow. A more sustainable future begins with the conscious choices we make today, and these hacks are a great place to start.

The post Top 5 Waste Management Hacks That You Can Do first appeared on Plastic Bank.

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The Philippines is among the top waste generators in Southeast Asia, and one of the top contributors to plastic waste pollution in the seas¹. This is a result of various factors including low recycling rates, issues in collection, and inconsistency in plastic packaging segregation in many local government units (LGU). 

In fact, the World Wildlife Fund report in 2020 titled “Extended Producer Responsibility Scheme Assessment for Plastic Packaging Waste in the Philippines” stresses that Filipinos’ annual consumption of plastic packaging is around 20 kilograms, and 15.43 kilograms of which become wastes².

With the country’s insufficient capacity to recycle high-value recyclables and low-value plastic, only a measly 9% is repurposed, while 33% is collected³. This explains the reputation of the Philippines as one of the top contributors to pollution globally.

Top 5 waste management challenges 

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To better understand the Philippine situation, here are the top 5 challenges of the waste management and recycling industry in the Philippines.

High levels of plastic pollution

The Philippines has been struggling with a significant plastic pollution problem. At least 19 rivers including Pasig, Tullahan, and Meycauayan rivers are among the top waterways emitting plastic⁴. This is due to the preponderance of single-use plastic and plastic packaging material in the market. Additionally, current law implementation is too loose to penalize offenders.

Lack of proper waste disposal infrastructure

Many LGUs in the Philippines lack adequate waste disposal infrastructure, such as landfill sites and recycling facilities. This made dumping and burning the two primary options to dispose of waste, causing environmental harm and health risks.

In some areas, the LGUs create a Material Recovery Facility where barangays can deliver recyclable materials⁵/span>. In Marikina City, they have a program Hakot Kuyagot that roams around the city every week to fetch solid waste, which is then processed by the municipal office⁶.  However, setting up an MRF entails significant investment. From purchasing a property to constructing the facilities, machinery acquisition, and even hiring and training of staff, all these expenses need to be accounted for by the municipal government, who normally have scant resources.

Inadequate waste collection services

In far-flung areas, municipalities struggle to implement solid waste management and regular collection services. Some areas are too remote for trucks to pass through, while some areas are undeveloped, making it difficult to access. This results in the piling of uncollected trash, exacerbating flooding and pollution problems. 

Informal waste sector

Recycling and collection initiatives in the Philippines are largely performed by the informal sector. Due to a lack of decent livelihood,  they are forced to scavenge to look for plastic packaging or electronic wastes that can be sold to junk shops. Social enterprises like Plasticbank® aim to stop ocean plastic while improving the lives of collector communities. Through Plastic Bank impact programs, we empower recycling communities and provide them a path out from poverty.

Public awareness and behavior

Beyond the lack of infrastructure and rigid law implementation, public attitude and behavior toward solid waste management play a significant challenge. Most consumers are oblivious to the impact of their consumption on the environment. This lack of awareness results in communities and households not practicing proper waste segregation, making it difficult to ensure it enters the right waste management steams.

Moving Ahead

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Waste management issues in the Philippines are complex. It is a combination of both administrative and household barriers which result in ineffective management of plastic packaging and other waste. 

Understanding the need for change, the Philippines has now passed the Extended Producer Responsibility (EPR) law that aims to boost recycling and create more sustainable packaging design for manufacturers⁷. While the impact of EPR will be felt in the years to come, individuals and LGUs should be encouraged to be early adopters by implementing sustainability initiatives.

In the LGUs’ part, stricter implementation of EPR laws and regulations must be observed. Imposing sanctions and penalties to offenders will create an immediate impact to the waste dilemma of the Philippines. 

Meanwhile, communities must lead initiatives such as compost pit to divert the burden of landfills, recycling programs where households will express their creativity recycling any materials from their homes. 

Lastly, both LGUs and local communities should partner with organizations such as the Plastic Bank to stay abreast of the greenery programs and trends they can implement. 

Plastic Bank partners with like minded organizations who wish to create environmental, social, and economic impact. Through Plastic Bank’s Social EPR program, you can not just hit your government EPR goals, but also create impact to society. Visit our Social EPR landing page to learn more!

The post Top 5 waste management challenges in the Philippines and how to solve them first appeared on Plastic Bank.

Imagine a world where the ocean brims with marine life, not plastic, and communities thrive by bringing the materials they purchase back to circularity. Enter Plastic Bank, a social enterprise committed to helping humanity win the battle against plastic pollution and poverty.

We’re not just another environmental organization; we’re a global movement intertwining local communities in a unique approach to tackle an overwhelming problem.

Photo by Plastic Bank

Who we are

Plastic Bank stands tall globally, partnering with local communities, organizations, and businesses to turn the tide against plastic waste. We span across continents, but our heartbeat is local. With each community we touch, we collaborate, learn, and grow, knitting a global tapestry of changemakers, united by a shared mission.

Plastic Bank is revealing the value in plastic waste to help end poverty. Our collection communities collect and exchange ocean-bound plastic waste as currency for income and life-improving benefits. The collected plastic is then recycled and reused in products by some of our incredible partners. Together, we are empowering a circular economy.

Plastic Bank currently stops ocean-bound plastic in the Philippines, Indonesia, Brazil, and Egypt – targeting countries in regions of the world where plastic pollution and poverty rates are at an all-time high.

What we do

Local integration 

We work closely with existing and developing recycling collection communities based 50 kilometres of ocean-bound waterways and coastlines. Our communities gather plastic waste directly from local beaches, riverbanks, neighbourhoods, and households – so we can stop ocean plastic directly at the source.

Plastic Collection

Local communities and members, like Atmawati, gather discarded plastic, preventing it from entering our oceans and turning it into a currency for additional income and life-improving benefits, including health, work and life insurance, digital connectivity, grocery vouchers, school supplies, and more. 

Watch Atmawati’s story and learn how access to health insurance through plastic collection has improved life for her family.

The ripple effect

Our initiatives don’t just clean the environment; they uplift communities, foster economic growth, and lay the foundation for true social impact. We are working with some of the world’s most progressive companies committed to creating change, offsetting their plastic footprint, and empowering the regenerative future. 

Together, we are empowering the Social Recycling movement, and your story can be part of the transformation.

How to get involved

Now is the time to join the Social Recycling movement. Here are some simple steps to help you create a better future for both people and the planet!

Stop your footprint with offset certificates

By purchasing a Plastic Bank certificate and offsetting your footprint or engaging your community to be the change they want to see, you are stopping ocean plastic and alleviating poverty. Your certification isn’t just for display; it’s a tangible reminder of your impact!

Purchase a Certificate

Rep our merchandise

Our merchandise is more than just stylish; it symbolizes your commitment to a wasteless world. When you rep our mission, you champion Social Recycling and empower recycling communities on the frontlines of plastic pollution to pave a path out of poverty.

Shop Now

Subscribe to our newsletter

Dive deeper and keep informed on our growing impact by signing up for our newsletter. From community stories to exciting announcements, our newsletter is the best way to stay up-to-date.

Subscribe Now

Follow along on social media

At the heart of the Social Recycling movement are the people who make it all possible – our collection community members. To get to know our communities and hear our stories, follow us on social. 

Follow Us 

Are you ready to begin?

The journey against plastic pollution is vast but not insurmountable. With each certificate purchased, each piece of merchandise worn, and every story shared, we inch closer to a world without waste. 

The post What is Plastic Bank all about, and how can I get involved? first appeared on Plastic Bank.

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Have you ever wondered where all your plastic packaging goes? The fabric conditioner you used last week, the bottled water you thoughtlessly threw in the garbage, or the countless shampoo sachets you have used in the past month – do you know where all of these go?

According to the United Nations Center for Regional Development, plastic packaging waste accounts for a substantial amount of solid waste globally, with estimates that range from 25% to 45%1.

In the United States alone, plastic packaging materials account for one-third of generated waste by municipalities every year. This increasing trend creates huge concern because of the inherent slow degradation of plastic packaging. In fact, 40% of plastic is used to create product packaging and a huge portion of this plastic waste ends up in landfills, the ocean, or as litter2.

What is EPR?

In recent years, Extended Producer Responsibility (EPR) has emerged as a pivotal strategy for governments to manage environmental challenges, including ballooning consumption patterns and growing waste streams.

The concept of EPR started in the 1980s as a movement closely related to environmental justice, triggered by the excessive use of fertilizers. Despite the global clamor for environmental stewardship, it was only around 2001 that most policies began to be implemented. 

The objective of the early versions of EPR remains the same – to make producers and manufacturers accountable for the environmental impact of their products, as well as increase recycling rates through government intervention. Organizations are encouraged to practice greener initiatives that enhance their commitment to environmental stewardship. However, there are various interpretations of how EPR should be implemented. 

In 2001, the Organization for Economic Cooperation and Development (OECD) released a guidance manual which provided general principles, possible options, and analysis on the pros and cons of each alternative. It helped governments craft and adopt sustainable practices through the documentation of best practices. Currently, the big players in EPR implementation are the EU, USA, Canada, Japan, China, and Singapore. 

In Southeast Asia, the Philippines passed RA No. 11898 which gave businesses reasonable target dates to comply with 20% by the end of 2023 and 80% by 20283. They also provided options for companies to partner with third-parties to manage their compliance. Results are yet to be seen given the infancy of its implementation, but what is notable is that the Philippines has one of the best EPR policies due to its ambitious time frame and high engagement in coastal communities. 

The Urgency of EPR Compliance

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The growing consequences of environmental degradation have been felt in recent years. Floods have become destructive, droughts have exacerbated ethnic wars and geopolitical tensions, and the sea level has swelled by a total of 8 inches since 18804. This is expected to increase every year as global warming worsens. With the intention to curb these impacts, governments worldwide have pursued stringent social EPR measures to make businesses accountable for their products’ environmental footprint. 

Compliance with EPR standards is vital for several reasons:

1. Mitigating Pollution 

EPR ensures the collection, recycling, and disposal of plastic packaging are regularly observed. This improves the monitoring of the plastic packaging life cycle, reducing pollution, and conserving natural resources. 

2. Encouraging Circular Economy 

Promotion of a circular economy is at the heart of EPR. By embracing it, products are recycled and/or repurposed, gradually eliminating the need to use new raw materials. In the case of plastic packaging, the more frequently it is repurposed, the easier it decomposes.

3. Strengthening Brand Image

The popularity of social media and the rise of informed consumerism make EPR compliance a good boost to a company’s reputation. The more compliant and environmentally friendly they are, the more loyal consumers are.  In some countries, governments release a list of accredited brands which communities and local government units can partner with. 

4. Avoiding Penalties 

Non-compliance with EPR regulations can result in fines, legal action, and reputational damage, which can be costly in the long run.

Understanding EPR Regulations Worldwide

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EPR regulations vary significantly across different regions and countries. The implementation and specifics might vary, but the fundamental principle remains – manufacturers and producers have increased responsibility for their product’s lifecycle. 

There are four notable examples of EPR implementation: 

1. European Union (EU) 

The EU passed the Waste Framework Directive requiring member states to create EPR programs for plastic packaging, electrical and electronic equipment, batteries, and vehicles. In 2020, the EU was able to recycle 70% of its paper and cardboard waste6. This is a huge achievement considering the EU is one of the major markets globally.

2. Canada

Several Canadian provinces have established EPR programs for electronics, tires, and packaging materials. In 2019, the province of Ontario was able to divert 75% of electronic waste from landfills7.

3. Japan 

Japan’s environmental laws are sophisticated even without the EPR. With the successful integration of its EPR initiatives, approximately 86% of PER bottles and 97% of aluminum cans were recycled8.

4. Philippines

EPR Implementation in the Philippines is in its infancy. However, the IRR provides many opportunities for enforcement to be realized. Aside from the tax incentives the government promises to provide, it has given several options for businesses to comply, be it with a third-party partner or through its own initiatives. Moreover, the implementation is executed gradually. Companies can better prepare to ensure operations are smoothly transitioned to greener alternatives 9.  

Steps to Comply with EPR Standards

Below are six ways companies can comply with EPR. This could help organizations organize their Environmental, Social and Governmental (ESG) Goals to keep their organizations compliant with the policies and societal standards This is arranged chronologically to provide companies a good understanding of industry best practices. 

Product Assessment and Classification

The first step towards EPR compliance is identifying all the products that fall under your EPR program. Conduct a thorough audit of your products and categorize them accordingly. The common categories include plastic packaging, electronics, batteries, and certain hazardous materials.

Developing an EPR Program

Create a robust EPR program that covers all stages of the product life cycle. Collaborate with the entire team in charge of the design, production, and marketing. Orient the EPR principles to ensure product development and promotion are integrated. According to a survey by McKinsey, 94% of executives believe EPR is essential in product design.

Stakeholder Engagement

EPR is a multi-step process. It requires the cooperation of various stakeholders to make the initiatives successful. Engage with consumers, government officials, waste management companies, and consumers to establish a collection and recycling network. With a whole community involved in the initiative, waste management will become a collective responsibility and will impact the triple bottom line in the long run. 

Waste Reduction Strategies

Implement waste reduction strategies to minimize the environmental impact of products. Utilize recyclable or biodegradable materials in packaging, and design products for easy disassembly and recycling. A study by the U.S. EPA revealed that recycling 1 ton of paper saves 17 mature trees.

Transparent Reporting

Accurate and transparent reporting of data is essential for EPR compliance. The PlasticBank® app is vital for transparent reporting. It helps organizations track the plastic collected in support of their EPR targets. Transparent reporting helps authorities evaluate compliance and provides insights into areas for improvement. The PlasticBank® app offers real-time updates to easily track progress on each partners’ dashboard. It accurately measures collected plastic waste, and helps collection members thrive from the plastic they collect from their communities.  

Consumer Education

Consumer awareness is integral to the success of EPR. Educate your customers about the importance of recycling, proper product disposal, and supporting ERP-compliant businesses. According to a Nielsen survey, 73% of global consumers are willing to change their consumption habits to reduce their environmental impact.

The Impact of EPR Compliance

Complying with EPR has many benefits that go beyond environmental impact. This includes the social and economic impact, especially in developing countries with high rates of plastic pollution and poverty.

Environmental Benefits

EPR compliance significantly reduces environmental burdens. According to the European Environment Agency, EPR programs contributed to a 16% reduction in municipal waste in the EU from 2002 to 2018.

Resource Conservation

By promoting recycling and the adoption of circular economy practices, EPR helps conserve valuable resources. For example, recycling 1 ton of aluminum saves around 8 tons of bauxite ore.

Economic Advantages

EPR compliance can lead to economic benefits through reduced waste disposal costs, increased resource efficiency, and improved brand reputation. The EU’s Circular Economy Action Plan is estimated to create 700,000 new jobs by 2030.

Empowering Recycling Communities

Supporting EPR Programs may help address poverty. Plastic Bank offers a Social EPR program, helping companies comply with their EPR targets, and at the same time empowering environmental and social impact in coastal  communities. Plastic Bank collection communities gather and exchange ocean-bound plastic waste as currency for income and life-improving benefits, including health, work and life insurance, digital connectivity, grocery vouchers, school supplies, fintech services, and more. Plastic Bank’s Social Recycling movement stops ocean plastic and helps alleviate poverty.

Moving forward

Extended Producer Responsibility (EPR) standards are a pivotal component of sustainable waste management and environmental protection. Embracing EPR compliance not only demonstrates a commitment to environmental stewardship but also yields economic advantages and enhances brand reputation. By understanding the regulations, setting up effective EPR programs, engaging with stakeholders, and promoting consumer awareness, businesses can successfully navigate the EPR landscape and contribute to a greener, more sustainable future.

Partnering with organizations committed to building a regenerative future like Plastic Bank could benefit manufacturing or packaging companies. Plastic Bank promotes a circular economy by empowering collection communities to collect and exchange ocean-bound plastic waste as currency for income and life-improving benefits. Exchanges are recorded through the PlasticBank® app, backed by our proprietary blockchain-secured platform that enables traceable collection, secures income and verifies reporting.

By supporting collection communities, companies will not just be able to move forward with the EPR requirements, but will also create lasting social impact. 

—–

Plastic Bank is a social enterprise empowering the Social Recycling movement and can help companies be part of the solution to plastic pollution and poverty. 

Visit our Social EPR website to learn more about how we can help you with your EPR compliance.

The post Complying with Extended Producer Responsibility (EPR) Standards first appeared on Plastic Bank.

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In recent years, the term EPR has become a buzzword along with sustainability. Extended Producer Responsibility (EPR) has emerged as one of the top solutions to manage the plastic packaging waste problem, and it promises a lot of economic benefits, too. These, along with the huge imperative to secure a waste-free future, have made EPR a necessary law to be adopted by most nation-states. 

In the Philippines, the RA 11898 Extended Producer Responsibility Act of 2022 specified targets that businesses must meet. By the end of 2023, they must at least have a 20% recovery rate until it reaches 80% by the end of 2028. The Philippines Government recommended six recovery programs which they can implement depending on their means. The law permits enterprises to tap Producer Responsibility Organizations (PROs) to do the compliance on their behalf. The program started in February 2023 making it mandatory for enterprises to register their EPR programs with the National Ecology Center (NEC) that is directly managed by the National Solid Waste Management Commission.

EPR, as a policy approach, shifts the burden of plastic packaging waste problem back to the producer. So you may be asking, how does it relate to the economy? How does it generate benefits for the government and surrounding communities? Let’s explore the relationship between EPR and the economy.

Socio-economic benefits of EPR

EPR is known to create more opportunities for plastic packaging to be repurposed and recycled. In managing waste, huge benefits open up for the economy especially in managing the scant resources of nation-states. 

Currently, product packaging follows a single use culture. This requires incessant production of packaging and other materials related to the marketing and advertising needs of a product. This entails huge costs and tapping of resources. With EPR it helps plan better ways to use these resources and reallocate the funds. To better understand, below are the top five benefits EPR provides to the economy.

1. Reducing Waste and Landfill Burden

The top goal of EPR is the huge reduction of waste generated and sent to landfills. With most landfills occupied and used for these wastes, there is little available space to use. Under the EPR law, reduction is achieved through a combination of ways such as product design optimization, recycling initiatives and use of sustainable materials. 

In Canada, the implementation of EPR has resulted in the huge decline of wastes sent to landfills from 466 million tonnes in 2010 to 397 million tonnes in 2017. This 14.8% reduction speaks volumes to the effectiveness of EPR in solid waste management¹.

In the European Union, there has been a noticeable decline in the generation of waste and the emission of harmful pollutants². The European Environment Agency reported that recycling rates for the products covered by EPR laws have increased. This has improved the situation in most landfills. This has redirected the funds for managing these landfills to more productive projects for local economies. In effect, it helps communities to have better access to public goods offered by local government units.

2. Consumer Behavior and Market Signals

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Through the valiant efforts of environmentalists and the outcry on social media in recent years, consumers have become more conscious of the products and brands they patronize. In fact, consumers look for brands that support social causes. The EPR law shares a similar influencing factor to dictate the behavior of consumers and the market. 

The overall impact is a commercially viable and economically feasible demand of sustainable products in the market, which drives producers to compliance. They will look for ways to make the packaging and design more durable, repairable and recyclable. This will shape market trends and influence the consumption patterns of clients. In a way, both the producers and consumers are in a self-enforcing cycle of making environmentally conscious decisions that lead to sustainable consumption.

Studies have shown that shifts in consumer preferences and consumption patterns have been noticeable in countries with well-established EPR laws. In a study by Nielsen, consumers are more willing to purchase products that are more environmentally friendly and sustainable despite the premiums attached³. This is supported by a research made by Zeno in 2020 wherein they surveyed 8,000 consumers across eight countries (i.e. US, Canada, UK, France, China, India, Singapore and Malaysia) on their evaluation of 75 selected brands. Their findings showed that consumers are four to six times more inclined to patronize companies with strong societal purposes over the weak ones⁴. These fresh insights provide a good outlook for businesses to expand and explore greener alternatives in their market dealings.  

3. Fostering Innovation and Local Businesses

One of the key features of EPR is to encourage manufacturers to explore other packaging designs that are less harmful to the environment and can be easily repurposed. This incentivizes the growth of various small to medium scale local businesses engaged in developing sustainable materials. In fact, Social Plastic® and bioplastics have emerged as  alternative materials to produce plastic packaging. Unlike their petroleum counterparts, Social plastic is made out of reprocessed used plastic while bioplastics are made out of biological materials5.

Socialization and adoption of sustainable packaging is revolutionizing several product categories in the global economy. In Belgium, this has increased the revenue of the printed paper packaging industry by 45% from 2007 to 20136. Most of the companies who participated are startups and other innovative local businesses. 

On the other hand, the Philippines has started normalizing sustainable packaging in the annual ProPak Philippines where companies exhibit their innovative packaging. Some companies use bamboo, leaves, Retort Pouches and Bare Bones, to name a few⁷.   

4. Economic Incentives for Producers

To encourage producers and manufacturers to comply, the EPR incentivizes companies to ensure that their whole supply chain adheres to sustainable practices. cost-efficiencies are motivating companies to reassess and align their resources to more sustainable packaging. 

In countries where EPR is implemented, a huge decline in hazardous materials and packaging waste materials was noticeable. This impacts the producers as they do not need to consistently spend resources in raw material costs and the potential regulatory fines. Hence, adhering to EPR principles allow competitive economic resilience and continuity to businesses.   

In the Philippines, the IRR provides tax incentives, deductions of EPR investment to gross income, and tax exemptions to donations, legacies and gifts. A good sample of this tax incentive is the Bureau of Internal Revenue’s (BIR) income tax holiday (ITH) that lasts for four to seven years. They are also given a 10-year 5% Special Corporate Income Tax (“SCIT”) on gross income⁸. These are just some of the potential benefits enterprises can enjoy if they remain compliant with EPR regulations.

Photo by westend61 on OksaLy

5. Stimulating Green Innovation and Job Creation

Apart from product packaging, producers are incentivized to develop and innovate products that are environment-friendly. This drives businesses to explore sustainable innovation, giving rise to new markets and industries. In addition, new methodologies of collection, recycling and recovery systems are developed. This transition promotes employment opportunities for local communities. 

In countries where EPR is well-established, investment in research and development has increased substantially. This rise results in an increase in new job opportunities in other sectors especially those involved in developing designs, technologies and deployed personnel in-charge of the collection and recycling. 

In Canada, the Blue Box program is an example⁹. Recycling in Ontario has created 22,000 jobs that contributed to almost  $2.3 billion to the province’s GDP in 2016¹⁰.

In 2021, a study by John Dunham and Associates found that in the US alone, the recycling industry has generated 506,000 jobs, $35.70 billion export-related revenues and a whopping $117 billion share to the country’s GDP¹¹.

Moving forward

Without a doubt, EPR has emerged as a potent tool to fight environmental degradation. With the recent advancements, it has also become a tool for poverty alleviation. The example above is a resounding testament of the success it has created, and with countries increasingly adopting, its impact is expected to double. 

As nations grapple with the challenges brought about by waste management and pollution, embracing the EPR becomes a good option not just to deal with the plastic packaging problem, but also poverty alleviation. 

Partnering with waste diverting organizations like Plastic Bank could be beneficial to manufacturing and packaging companies. Plastic Bank promotes a circular economy by empowering collection communities with the plastic that they collect. They exchange this for collection bonuses that help them access life-improving benefits like groceries, internet connectivity, and many more. By supporting collection communities, companies will not just be able to move forward with the EPR requirements, but also create social impact across recycling communities.

1. 1. Diggle, A., & Walker, T. R, “Implementation of harmonized Extended Producer Responsibility strategies to incentivize recovery of single-use plastic packaging waste in Canada,” Science Direct, 2020, Implementation of harmonized Extended Producer Responsibility strategies to incentivize recovery of single-use plastic packaging waste in Canada – ScienceDirect
   2. European Environment Agency, “Waste Recycling in Europe,” www.eea.europa.eu, 11 Nov 2022, Waste recycling in Europe (europa.eu)
   3. Nielsen, “The Sustainability Imperative,”www.nielsenniq.com, Oct 12 2015, The sustainability imperative – NIQ (nielseniq.com)
   4. Zeno Group, “How Purpose-led Companies Drive Business Success,” www.zenogroup.com, June 17 2020, How Purpose-Led Companies Drive Business Success| Zeno Group
   5. Sarah Gibbens, “What you need to know about plant-based plastics,” www.nationalgeographic.com, Nov 16 2018, Bioplastics—are they truly better for the environment? (nationalgeographic.com)
   6. EY Global “Belgium implements EU plastic tax measures.” www.ey.com, Dec 2 2020, Belgium implements EU plastics tax measures | EY – Global
   7. Manila Bulletin, “PH consumers increasingly shifting to green packaging, www.mb.com.ph, Jan 4 2020, PH consumers increasingly shifting to green packaging (mb.com.ph)
   8. PWC, “Corporate Tax Credits and Incentives,” www.pwc.com, Jul 1 2023, Philippines – Corporate – Tax credits and incentives (pwc.com)
   9. RPRA, “Blue Box Program,” www.rpra.ca, ND, https://rpra.ca/programs/blue-box/stewardship-ontario-program/
   10. Glen Murray, “Strategy for a waste-free Ontario: Building the Circular Economy,” www.ontario.ca, Feb 28 2017, Strategy for a Waste-Free Ontario: Building the Circular Economy | ontario.ca
   11. John Dunham & Associates, “Economic Impact Study, US Based Recycling Industry,” Institute of Scrap Recycling Industries, 2021, https://www.isri.org/docs/default-source/default-document-library/executive-summary-fastweb.pdf?sfvrsn=ee686d12_2

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Have you ever heard of the term EPR? How about social EPR or ESG and sustainability? Did you know that these concepts have been evolving since the 80s? In this article, we will explain the basic and crucial factors of why you should take EPR law seriously.

EPR Law: Quick review

The Extended Producer Responsibility (EPR) law has become a powerful environmental policy tool that emerged as a leading option for waste management and resource conservation. Simply, the law champions the shift of responsibility in managing the life cycle of products created back to the producers. This means that businesses who sell products and packaging must be responsible for its disposal and impact on the environment. Hence, EPR promotes sustainable practices by incentivizing producers and manufacturers for their efforts to reduce, recycle and dispose of their waste. 

9 factors why you have to prioritize ESG and Sustainability for EPR law

1. Environmental impact reduction

According to a World Bank report, global waste generation is expected to increase by 70% between 2016 and 2050, reaching 3.4 billion tons annually.¹ ESG and Sustainability and the EPR law, if implemented correctly and consistently, can significantly reduce the environmental impact of waste. 

This level of waste generated is threatening our ecosystems, natural resources, and, most importantly, the health of humans. Studies have shown that microplastics have successfully entered the food chain through fish and other livestock.² Through the successful implementation of EPR programs, these threats can be curtailed and managed through a collaborative effort of producers, government agencies, and partner institutions.

2. Boosting recycling rates

EPR laws have demonstrated their efficacy in increasing recycling rates in other regions. In the European Union, states gradually implemented EPR mechanisms before full implementation. The first organization to introduce ESG and Sustainability and EPR for plastic packaging was Der Grüne Punkt GmbH in 1990.³ This has gradually extended to different states in various forms of national legislation. 

In some nations, only a single organization is compliant, while in other countries there are more than 20 to 30 companies offering EPR services. Furthermore, some countries implement a hybrid mechanism of packaging taxes and waste collection. 

Even the scope of waste has widened. Before it was only focused on plastic packaging, but now it has expanded to include waste electrical and electronic equipment, and batteries. 

As countries learn from each other through open dialogues and knowledge sharing,  the average municipal waste recycling rate became 47% in 2019 as a result of ESG and Sustainability and EPR law implementation.⁴ This has been replicated in various member states, ensuring producers take responsibility for their environmental footprint.

3. Economic benefits and savings from ESG and Sustainability

Environmental advantages are one of the common benefits that EPR provides – but did you know that EPR also provides huge economic benefits? An Economic Impact Study commissioned by the Institute of Scrap Recycling Industries (ISRI) through John Dunham and Associates in 2021 discovered that the recycling industry has contributed immensely to the US economy by generating 506,000 jobs, $117 billion in the country’s GDP, $35.70 billion impact in export related transactions, and over 130 million metric tons of recycled commodities.⁵

This potential for job creation and economic growth in the recycling industry is astounding. It encourages more stakeholders to participate in recycling programs. At the same time, successful ESG and Sustainability, and EPR programs reduce the burden on local governments and taxpayers to establish local waste management programs, thereby saving funds.⁶ In China, the Chinese E-disposal Fund Scheme helps to ease monitoring of the production, sale, and disposal of electronic wastes. Government agencies do not need to invest resources in the EPR implementation since businesses align their technologies and programs with the system of the government.⁷ At the same time, the fund generated through the premium paid by producers and importers is used in creating more public goods and other green initiatives.

Philippines Local Government Position.

In the case of ESG and sustainability in the Philippines, they are incentivized to comply and better manage the funds they are allocating for solid waste management programs.⁸ During rainy seasons, governments spend a lot in managing floods caused by clogged drainage due to waste. With a circular economy model that reduces environmental waste, governments can redirect their focus and attention to creating other social goods for their constituents.  

In the Philippines, to boost compliance, the Implementing Rules and Regulations of Republic Act No. 11898 was released, highlighting major incentives to producers. Apart from tax incentives, companies receive tax and duty exemptions from donations and gifts, and their EPR expenses are deducted from their gross income. Meanwhile, those who do not comply need to pay PHP 5-20 million worth of penalties, including an automatic suspension of business permit on the third offense.⁹ 

 4. Promoting a circular economy

ESG and Sustainability, and EPR is crucial in advancing the circular economy. By developing a circular economy for plastic, packaging will be designed to be more durable, repairable, and recyclable. This ensures packaging waste is gradually eliminated in the market.  According to the Ellen MacArthur Foundation, a transition to a circular economy could generate $4.5 trillion in economic benefits by 2030.¹⁰ Manufacturers do not need to continuously produce new virgin plastic packaging, resulting in huge cost savings for operations. With the demand for new resources being reduced, companies will minimize waste.

 5. Reducing plastic pollution

Manolito is a Plastic Bank collection branch member from Sta. Rosa, Laguna. He exchanges plastic materials as currency for additional income and life-improving benefits.

Plastic pollution is one of the most pressing environmental challenges of our time. The ESG and Sustainability, and EPR law can significantly contribute to reducing plastic waste by making producers accountable for the proper disposal and recycling of plastic products. It is estimated that 11 billion kilograms of plastic enter the ocean each year.¹¹ With the help of EPR programs directed at managing plastic waste, plastic pollution can be greatly reduced.

In the Philippines, Plastic Bank empowers collection communities in areas where plastic pollution and poverty are prominent. Collection communities gather and exchange ocean-bound plastic waste as currency for income and life-improving benefits, including health, work and life insurance, digital connectivity, grocery vouchers, school supplies, fintech services, and more. Exchanges are recorded through the PlasticBank® app, backed by a proprietary blockchain-secured platform that enables traceable collection, secures income and verifies reporting for partner companies. This enables companies to track the impact they are creating across all their green initiatives vis-a-vis EPR law compliance.

6. Encouraging innovation and sustainable product design

ESG and Sustainability, and EPR incentivizes producers to adopt more sustainable product design practices. As producers are held accountable for the environmental impact of their products, they have a stronger incentive to invest in research and development for eco-friendly materials and production methods. This encourages innovation and drives the adoption of greener technologies throughout all industries.

7. Complying with international commitments

Many countries have implemented EPR laws, ESG and sustainability to fulfill their international commitments to environmental agreements and the UN Sustainable Development Goals. Taking EPR seriously not only demonstrates a nation’s commitment to environmental protection but also ensures alignment with global efforts to address environmental challenges and combat climate change.

8. Resource conservation

ESG and Sustainability, and EPR contributes to the conservation of finite natural resources by promoting recycling, material recovery, and the creation of a circular economy. Currently, around 100 billion tons of resources are used to operate the economy and only about 8.6% of which are recycled and repurposed.¹² This has tripled the demand for natural resources since 1970.¹³ Some of the most used natural resources in creating plastic packaging include cellulose, coal, natural gas, salt, crude oil, talc, and wollastonite.¹⁴ 

It will take a long time before these exhausted resources are replenished for future generations. This rampant consumption is not sustainable and has a devastating impact on humans and wildlife. With the innovation brought about by EPR, the demand for raw materials is reduced. Recycling and repurposing help forests and the ocean to naturally recuperate and conserve valuable resources, such as metals, minerals, and fossil fuels.

9. Enhanced product safety and consumer confidence

As producers become more accountable for their product’s life cycle, they will likely prioritize health, safety, and quality in their designs. This can lead to improved product safety standards, reducing the risk of harmful or hazardous materials entering the market. Enhanced safety and transparency in product labeling under ESG and sustainability and EPR can also foster consumer confidence and loyalty.

Moving forward

The Extended Producer Responsibility (EPR) law is a pivotal instrument for achieving environmental sustainability and waste management. By putting the weight of the responsibility on producers, they are forced to adopt better recycling methodologies and sustainable practices, promoting a circular economy. 

The ESG and Sustainability, and EPR law also opens many economic opportunities for job seekers as recycling becomes a more formalized source of livelihood. 

Lastly, the EPR law is more than just a responsibility, it is a necessary step in safeguarding the health and prosperity of future generations. With many stakeholders seeking to take EPR law more seriously, it is up to us – its champions – to steer a cleaner, greener and resilient future.

Plastic Bank is a social enterprise empowering Social Recycling movement and can help companies be part of the solution to plastic pollution and poverty. Visit our Social EPR website to learn more about how we can help you with your EPR compliance.

The post Top 9 Reasons Why EPR is a Key Aspect of ESG and Sustainability first appeared on Plastic Bank.