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!
17,995,350
bottles collected
148
Collection Points
1307
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.
“At Lombard Odier we believe in the urgent need for a fundamental redesign of our economic model, which is currently unsustainable. We must evolve and transition to a more sustainable, regenerative alternative – a future based on a Circular, Lean, Inclusive and Clean model. Our partnership with Plastic Bank directly supports this aim, through minimizing waste and ocean pollution, as well as supporting the creation of a fair and secure society through increased access to education for all.”
Stéphane Monier
CIO Lombard Odier Private Bank
“Our ultimate aim at Plastic Bank is to build an equitable and regenerative society, by eradicating poverty and protecting the environment for generations to come. In partnering with Lombard Odier, we have a fellow innovator that shares our convictions around fair society and sustainability. Accordingly, we are thrilled to have bolstered our partnership and look forward to continuing to work together in steering environmental and social impact.”
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