Achieving Plastic Circularity: Choosing the Best Plastic Offsetting Option
Plastic pollution is one of the most pressing environmental challenges of our time. As governments, businesses, and individuals strive to reduce their plastic footprint, finding the right tools to support this mission is essential. One increasingly popular initiative is businesses offsetting plastic packaging through plastic credits. Certified credits allow organisations to mitigate their plastic waste […]
Unlocking Financing to Combat the Plastics Crisis: Insights from the World Bank
The World Bank’s recent report, “Unlocking Financing to Combat the Plastics Crisis: Opportunities, Risks, and Recommendations for Plastic Credits,” dives deep into the evolving world of financing plastic pollution mitigation via plastic credits, offering key insights into where the market stands today and where it needs to go. This report is a valuable resource, shedding light […]
World Bank Plastic Waste Reduction-Linked Bond FAQ
QUESTIONS & ANSWERS How does the bond work? The Plastic Waste Reduction-Linked Bond is a USD 100 million 7-year principal protected bond issued by the International Bank for Reconstruction and Development (“IBRD” or the “World Bank”) with a unique feature, whereby the return for investors is linked to the issuance and monetization of […]
WORLD BANK / FEATURE STORY: Tackling the Plastics Pollution Crisis by Channeling Private Capital to Projects that Reduce Plastic Waste
WORLD BANK/ FEATURE STORY: Washington, D.C., January 24, 2024 Of the nearly 350 million tons of plastics that are produced annually, about 70 percent end up in managed landfills or are incinerated, about 10 percent is recycled and the remaining 20 percent simply escape into the environment. According to the OECD, nearly 1.7 million tons of […]
WORLD BANK / PRESS RELEASE: World Bank’s New Outcome Bond Helps Communities Remove and Recycle Plastic Waste
WORLD BANK PRESS RELEASE: WASHINGTON, January 24, 2024 The World Bank (International Bank for Reconstruction and Development, IBRD) today priced a seven-year $100 million, principal-protected Plastic Waste Reduction-Linked Bond. This innovative bond provides investors with a financial return linked to Plastic Waste Collection Credits, Plastic Waste Recycling Credits (collectively, plastic credits), and Verified Carbon Units […]
What Does Plastic Net Zero Mean?
Keeping up with the ever-growing green glossary As a CSR professional or a responsible consumer, it’s difficult and even frustrating to keep up with the green glossary of sustainability jargon. In the plastic space, it is no different. We are bombarded by terms like: Plastic Neutral, Plastic Negative, Ocean Bound Plastic and, more recently, Plastic Net […]
History of Plastic Pollution: Solving the Pollution Problem
Humans have been polluting our earth since the beginning of the 19th century, however, it wasn’t until the late 1960’s when we released we actually had a problem. Plastic Collective and other world non government operations, global leaders and companies banded together to put an end to global plastic pollution. Developing initiates and standards, to […]
Your Roadmap to the Global Plastic Credit Market
An Official Plastic Credit Market is Born The plastic problem is not new, yet the slew of corporate pledges driven by legislation and stakeholder pressures are. With corporates avidly searching for solutions, a plastic credit market was born. Like the carbon credit market it emulates, the plastic credit market is a mechanism that drives investments into: […]
Plastic Waste Initiatives with Plastic Collective’s Les Village Program in Bali, Indonesia
Plastic Collective’s Les Village Program, Pilots the Plastic Waste Reduction Standard Plastic Waste Initiatives: The Pilot Program The Reduce, Recover, Recycle (3R) Initiative, aims to increase the value of global plastic waste by transforming societal perceptions from waste to resource, and bring attention to new plastic collection and recycling activities by crediting projects that measurably […]
17 Sustainable Development Goals
Through our work we are supporting businesses and companies to achieve key Sustainable Development Goals. Target 4: Quality Education: (4.4) PC programs empower youth and adults with quality Plastic Resource Recovery education, skills, training and enterprise development. PC programs include ‘Know your plastics’, ‘Working with plastics’, ‘Waste to Resource’, ‘How to reduce your plastic […]