This data is live from Alchemy

Our proprietary blockchain-secured platform

Data last verified: Tuesday, 04/23/2024

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 Lombard Odier

Pioneering New Financial Solutions to Stop Ocean Plastic and Create Long-term Value through the ‘Blue Note’

Lombard Odier created an innovative Structured Product named ‘Blue Note’, in partnership with Plastic Bank. This product financed the collection and recycling of plastic, collecting over 11.4 kg of plastic for each $1,000 USD invested. 

A total of $69,394,354.52 USD was invested in the Blue Note. 

This resulted in 788,572 KG of plastic being removed from the environment while supporting collector’s incomes in Egypt and Haiti. The collection took place from September 2020 to February 2021. 

Lombard Odier’s Blue Note

Start date: 08/2020
children to receive bursaries Opening soon!
788,572 kg of plastic extracted Opening soon!
79%
PET

HDPE
6%
PP
14%
Mixed
39,428,600 bottles prevented
31 collection points
communities impacted
24 cities served
collection centers
lives impacted
494 collection members
womens collectors
schools impacted
All data is blockchain verified. Last updated 6/2/2022

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 has created social & environmental impact around the world while pioneering innovative financial solutions like the “Blue Note”.