This data is live from our blockchain-secured Alchemy Platform

Data last verified on Alchemy™: Mar 12, 2022

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.

Reveal Value

By revealing the value in plastic, we’re making it too valuable to discard. By revealing the value of under-served peoples, we’re connecting the world.

Act in the Service of Love

Positively impacting social and economic systems requires a deep compassion for people and our planet. When making choices, we always defer to amplifying love over fighting fear. Our Members First Mentality means that the interests of those in need supersede all others.

Gather Together

We gather the world together, then we gather materials together. Worldwide change requires a worldwide community.

Become

We are continuously improving and adapting. Our growth is never over. As individuals and as a whole, we will become what we need to become.

Taking Care of Our People

Compliance

Employment Laws and Regulations

We will comply with all applicable local / national laws and regulations relating to human rights, labor and employment where we operate.

Discrimination, Harassment, and Abuse

We will not discriminate in employment including hiring, compensation, advancement, discipline, termination or retirement — on the grounds of race, caste, gender, gender identity, sexual orientation, color, national origin, age, mental or physical disability, health conditions or diseases, pregnancy, religion, union membership, marital status, veteran status or political opinion/affiliation and any category protected where we operate.

No employee shall be subject to any physical, sexual, psychological, or verbal harassment or abuse by another employee or anyone associated with Plastic Bank including contractors and suppliers.

No Forced or Child Labor

We will never use forced labor or human trafficking in any form — prison, slavery, indentured, bonded or otherwise.

We will always comply with the national minimum age for employment, the age of completion of compulsory education or any other specified exception.

Respect

Fair Treatment

We are committed to honoring the rights of our employees, as well as complying with all applicable wage and employment laws in all areas of the world where we have operations.

Diversity

We recruit, hire, and retain the best talent we can from around the world, reflecting the markets and consumers we serve. Developing and retaining a diverse workforce provides us with a sustained competitive advantage. We recognize a diverse mix of backgrounds, skills and experiences that drives new ideas, products, and services, which strengthens our ability to achieve our goals.

We are firmly committed to provide equal opportunity in all aspects of employment and do our part to create an environment in which our colleagues can grow and succeed.

Taking Care Our Communites

Social & Environmental Sustainability

Society and Community

It‘s our mission by gathering a billion people together to monetize waste while improving lives, we continuously develop our ecosystems and social impact programs by empowering society and our communities.

The Environment

Protecting the environment is our ongoing commitment. We work every day to create winning products, use fewer resources, ensure less waste, and serve the greater good. We are committed to minimize any negative environmental impacts arising from operations.

Taking Care Our Business

Protecting Confidential Information

Confidential Information

“Confidential information” is information not available to the general public, but we know as a result of our position with Plastic Bank. We all share a responsibility for the handling of Plastic Bank’s confidential information to prevent the loss of this important asset.

We all must operate globally in full compliance with the GDPR (General Data Protection Regulation) and maintain a thorough understanding of our company-wide data privacy policies and procedures by completing the required annual data privacy training courses.

We all share a responsibility for the handling of Plastic Bank’s confidential information and confidential information we receive from partners to prevent the loss of this important asset.

Avoiding Conflicts of Interest

Conflicts of Interest

We define a conflict of interest as any situation involving our business in which there is actual impairment, or a reasonable appearance of impairment, of an employee’s ability to act, objectively and independently, in the best interest of Plastic Bank.

We must avoid situations where a conflict of interest may occur and must disclose to Plastic Bank any conflict of interest.

Rejecting Bribery and Corruption

Complying with Anti-Bribery and Anti-Corruption Laws

We do not condone, under any conditions, the offering, making or receiving of kickbacks or bribes or any other form of payments that are illegal under applicable law or regulation — including those known as “facilitating payments.”

We must comply with all applicable anti-bribery or anti-corruption laws and regulations at a local level. Even where such laws or regulations do not exist, Plastic Bank forbids any form of kickbacks, bribes or improper payments by or to suppliers.

Preventing Money Laundering

Preventing Money Laundering

Money laundering is an attempt by individuals or organizations to hide the proceeds of their crimes by making those proceeds look legitimate. Money laundering is against the laws and we abide by them.

We shall not accept, facilitate, or support money laundering. Our approved payment and sales practices are designed to ensure not to violate these laws.

Competing Fairly

Complying with Antitrust and Competition Laws

We compete vigorously and fairly. We must all abide by competition laws (also referred to as “antitrust” laws). These laws can vary from market to market, but their common goal is to preserve free and open competition and to promote a competitive marketplace.

Taking Care Our Partners

Sharing our Commitments

Our operations worldwide are guided by these principles and we expect our suppliers, including:

  • contract manufacturers, contractors, vendors
  • other business relations and providers of goods or services, collectively, the
    “suppliers,”

to share these ethics and commitments.

Promoting the Principles

In establishing this Code, Plastic Bank reviewed and considered the principles outlined in recognized standards and guidelines, including:

  • The Global Social Compliance Program Reference Code
  • The International Labor Organization’s 1998 Declaration on Fundamental Principles and Rights at Work
  • The United Nations’ Global Compact
  • The United Nations’ Universal Declaration of Human Rights

We support the efforts of such organizations which seek to improve working and environmental conditions, and we encourage our suppliers to promote these same standards.