This data is live from Alchemy

Our proprietary blockchain-secured platform

Data last verified: Monday, 04/22/2024

Ocean-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.

Community 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.

Equivalent 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)

Recycling 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 Coca Cola

Plastic Bank partners with Coca-Cola Philippines, aligning with their sustainability initiatives in reducing plastic waste.

Since 1886, Coca-Cola has been committed to working towards solutions for a better and thriving tomorrow. In the Philippines, Coca-Cola has been refreshing Filipinos for more than 110 years and continues to deliver on its company purpose – to refresh the world and make a difference. As part of the company’s global sustainable packaging solutions, the company is working towards the goals of having 100% of packaging being recyclable globally by 2025—and to use at least 50% recycled material in their packaging by 2030. Further Coca-Cola is expanding the number of products that use 100% recycled PET plastic packaging in 2022.

Original taste and sustainability in the same bottle

As a leading global beverage company, Coca-Cola has a responsibility to help solve the global plastic waste crisis. Today, food and beverage packaging often ends up in places where it should not be – including our oceans, rivers, and landfills. As part of the World Without Waste vision of Coca-Cola, the company aims to help collect and recycle the equivalent of every bottle it sells globally by 2030.

Coca-Cola Philippines has partnered with Plastic Bank to prevent 200,000 kg of plastic from entering the ocean in 2022 while helping improve the livelihoods of communities that rely on waste collection.