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 Valid

Plastic Bank collaborates with Valid to make a positive impact on people and the planet

Valid is a leading provider of interoperable mobile services, catering to device makers, mobile operators, and IoT players globally. With a steadfast commitment to excellence, Valid offers trusted connectivity services designed to meet the unique needs of its diverse customers around the world. Backed by over six decades of industry expertise, its business is dedicated to innovation, delivering high-volume solutions while prioritizing data security. By seamlessly integrating the latest technologies, Valid enables its clients to drive forward-thinking solutions in the digital landscape.

By embracing sustainability, Valid aligns with the World Agenda 2030, adopting the GRI framework for ESG reporting. The company actively implements a certified Greenhouse Gas (GHG) reduction methodology, guided by ISO 14067:2018, with a resolute aim to become Carbon net zero by 2050. Committed to social responsibility, Valid’s CSR model adheres to GRI standards, addressing Occupational Health and Safety, Diversity, Equal Opportunities, and community support. Additionally, Valid pioneers new Governance standards under ISO 37001, ensuring transparent accounting, diversity in leadership, and accountability to shareholders, solidifying its commitment to a sustainable future.

A Partnership born from aligned values: Plastic Bank and Valid join forces

Valid’s commitment to the world and the company’s goals to reduce the negative impact of the waste generated by its operations have led them to implement solutions that can mitigate and/or reverse this situation. The activities and values of Plastic Bank align perfectly with Valid’s mission and sustainability values. Plastic Bank not only works directly on the removal of plastic waste from the environment and recycling for reuse in the production of new products and packaging, with the consequent benefit to the planet but also does so in vulnerable communities. This positively impacts the living conditions of people involved by using plastic as a means to alleviate poverty and create a lasting social impact. 

Plastic Bank Indonesia, carrying plastic from the beach
Valid products

“In joining forces with Plastic Bank, Valid reaffirms our commitment to sustainability. This partnership goes beyond reducing our carbon footprint; it’s about making a lasting impact. Together, we’re working towards a future where sustainability is more than a buzzword it’s a reality with actions and benefits. This collaboration it’s part of  Valid’s long term commitment  to create a world where both the environment and society thrive”

Salvador Cabrera
COO, Trusted Connectivity at Valid

 

“Our partnership with Valid highlights the potential for a regenerative future where businesses can be a force for good. Valid’s commitment to stopping plastic pollution and helping end poverty, together with their expertise in connectivity and digital solutions, underpins our common goal of gathering humanity and creating a wasteless world.”

David Katz
Founder and CEO of Plastic Bank