Plastic Bank’s Partnership with Lombard Odier
Pioneering New Financial Solutions to Stop Ocean Plastic and Create Long-term Value through the ‘Blue Note’
Lombard Odier has created an innovative Structured Product named Blue Note, in partnership with Plastic Bank. This product finances the collection and recycling of plastic, collecting over 11.4 kg of plastic for each $1,000 USD invested.
To date $69,394,354.52 USD has been invested in the Blue Note.
This will contribute to the extraction of 788,572 KG from the environment. The collection started in July 2020 in Haiti and will start in Egypt in fall 2020.
Lombard Odier’s Blue Note
90% PET
3% PP
7% Mixed
Investing in lasting impact
Lombard Odier has been recognized as an industry leader in finance by shaping sustainable investment for their clients. Lombard Odier is now leading “The Sustainable Revolution” in finance with innovative thinking and best practices. By partnering-up with Plastic Bank, Lombard Odier is committed to create social & environmental impact around the world while pioneering innovative financial solutions via the “Blue Note”. This partnership was started in July 2020 – with the first issuance of the “Blue Note” and is part of a multi-year program aiming to create sustainable impact in Haiti and Egypt.
“We are proud to partner with Plastic Bank, a fellow innovator in sustainability and a key player in the circular economy, as we seek to stop ocean plastic pollution and improve the lives of local collectors and their families.”
Stéphane Monier
CIO Lombard Odier Private Bank
“We are excited to partner with Lombard Odier to help empower a regenerative society. By supporting the collection of plastic waste in underserved communities, they are pioneering new avenues for environmental and social impact in the global banking industry.”
David Katz
CEO and Founder, 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
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