New Plastics Economy
Plastic Bank is a proud signatory of the New Plastics Economy Global Commitment along with 350 organisations around the world. The Global Commitment aims to eliminate unnecessary plastic, innovate more recyclable and efficient packaging, and circulate plastic to be reused or recycled after its first life.
At Plastic Bank, our mission is to remove plastic waste from the land, oceans and waterways while helping people ascend from poverty. We have a self-sustaining business model that empowers people to harvest plastics as a currency they can exchange for tools, household items, or food.
We call harvesting and repurposing plastics like this “social plastic”. Our goal is to lead the movement towards worldwide demand for the use of social plastics in everyday products. The higher the worldwide demand becomes, the higher the reward will be for harvesting social plastics. By using Social Plastic®, manufacturers can increase the recycled content in their products and support the development of a worldwide circular economy for plastic.
These concepts play an important role in the three Abrahamic traditions – Judaism, Christianity, and Islam. They also underlie the principles of Plastic Bank’s model to help stop ocean plastic while improving the lives of collector communities.
New Plastics Economy Global Commitment Report 2020 In Partnership with the Ellen MacArthur Foundation We empower the regenerative society. We build...
We are celebrating our 7th anniversary! 7 years ago our founders, David Katz and Shaun Frankson, recognized that rather than seeing plastic as just...