This data is live from our blockchain-secured Alchemy Platform

Data last verified on Alchemy™: Friday, 02/03/2023

Ocean-bound plastic

Ocean-bound plastic has not yet found its way into the ocean. This represents plastic that is found on the ground within 50 kilometers of a waterway or coastal area, and is otherwise unlikely to be collected.

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)

Community Members

Individuals within a recycling community who collect plastic and deliver it to a collection point in exchange for collection benefits.

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 Lombard Odier Cherry Note

Devising investment solutions to stop ocean plastic and fund education through the "Cherry Note"

Lombard Odier developed a new Structured Product named Cherry Note, in partnership with Plastic Bank. For every $100,000 USD invested, this product directly supported three children with educational bursaries towards tuition and school supplies, while recycling over 300 kg of ocean-bound plastic.

 

Through the Cherry Note product, Lombard Odier was able to provide bursaries to over 3,500 children. They also prevented the equivalent of nearly 18 million single-use bottles from entering the ocean while supporting collector incomes in Indonesia and The Philippines. The collection took place from January to December 2021. 

 

 

 

Lombard Odier’s Cherry Note

Start date: 02/2021
3,597 children to receive bursaries Opening soon!
kg of plastic extracted Opening soon!
PET
HDPE
PP
Mixed
17,995,350 bottles collected
148 Collection Points
Communities Served
Cities Served
Lives Impacted
1307 Collectors
Women Collectors
1131 Schools Impacted

Investing in the future

Lombard Odier continues to drive “The Sustainable Revolution” in finance with innovative products and investment strategies. Its evolving partnership with Plastic Bank shows its commitment to creating real social and environmental change through financial solutions. This partnership began in July 2020 – with the first issuance of Lombard Odier’s Blue Note product – followed by the launch of Cherry Note in January 2021.