Circular A2Z: Plastic Bank

CIRCULAR ECONOMY

2/15/20251 min read

What if plastic waste could lift people out of poverty while protecting our oceans? Thatโ€™s the vision behind Plastic Bank, founded by David Katz in 2013. By turning plastic into a currency for change, Plastic Bank is proving that waste has valueโ€”both for the planet and the people who collect it.


๐Ÿ”„ ๐“๐ซ๐š๐ง๐ฌ๐Ÿ๐จ๐ซ๐ฆ๐ข๐ง๐  ๐–๐š๐ฌ๐ญ๐ž ๐ข๐ง๐ญ๐จ ๐–๐ž๐š๐ฅ๐ญ๐ก

Plastic Bank partners with coastal communities in regions most impacted by plastic pollution, enabling individuals to collect and exchange plastic waste for money, goods, and services. Instead of ending up in our oceans, discarded plastic becomes Social Plasticยฎโ€”a valuable resource reintroduced into the global supply chain.


โœ… ๐˜š๐˜ต๐˜ฐ๐˜ฑ๐˜ฑ๐˜ช๐˜ฏ๐˜จ ๐˜–๐˜ค๐˜ฆ๐˜ข๐˜ฏ ๐˜—๐˜ญ๐˜ข๐˜ด๐˜ต๐˜ช๐˜ค ๐˜ข๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜š๐˜ฐ๐˜ถ๐˜ณ๐˜ค๐˜ฆ
Preventing waste from polluting our waterways while tackling the root causes of poverty.

โœ… ๐˜Œ๐˜ฎ๐˜ฑ๐˜ฐ๐˜ธ๐˜ฆ๐˜ณ๐˜ช๐˜ฏ๐˜จ ๐˜“๐˜ฐ๐˜ค๐˜ข๐˜ญ ๐˜Š๐˜ฐ๐˜ญ๐˜ญ๐˜ฆ๐˜ค๐˜ต๐˜ฐ๐˜ณ๐˜ด
Providing financial stability, healthcare, and education through plastic collection.

โœ… ๐˜Š๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜Š๐˜ช๐˜ณ๐˜ค๐˜ถ๐˜ญ๐˜ข๐˜ณ ๐˜š๐˜ถ๐˜ฑ๐˜ฑ๐˜ญ๐˜บ ๐˜Š๐˜ฉ๐˜ข๐˜ช๐˜ฏ๐˜ด
Transforming collected waste into Social Plasticยฎ, which is reused by global brands in new products.



๐ŸŒ ๐€ ๐†๐ฅ๐จ๐›๐š๐ฅ ๐Œ๐จ๐ฏ๐ž๐ฆ๐ž๐ง๐ญ ๐Ÿ๐จ๐ซ ๐‚๐ก๐š๐ง๐ ๐ž

Since launching in Haiti,
Plastic Bank has expanded to Indonesia, the Philippines, Brazil, Egypt, Thailand, and Cameroon, impacting over 56,000 members across 541 communities. To date, theyโ€™ve prevented the equivalent of 7.8 billion plastic bottles from entering the ocean.


As
David Katz says, โ€œ๐ผ ๐‘‘๐‘–๐‘‘๐‘›โ€™๐‘ก ๐‘›๐‘’๐‘’๐‘‘ ๐‘ก๐‘œ ๐‘๐‘Ÿ๐‘’๐‘Ž๐‘ก๐‘’ ๐‘ƒ๐‘™๐‘Ž๐‘ ๐‘ก๐‘–๐‘ ๐ต๐‘Ž๐‘›๐‘˜. ๐ผ ๐‘›๐‘’๐‘’๐‘‘๐‘’๐‘‘ ๐‘ก๐‘œ ๐‘๐‘’๐‘๐‘œ๐‘š๐‘’ ๐‘กโ„Ž๐‘’ ๐‘๐‘’๐‘Ÿ๐‘ ๐‘œ๐‘› ๐‘คโ„Ž๐‘œ ๐‘๐‘œ๐‘ข๐‘™๐‘‘.โ€ His journey is a testament to the power of rethinking waste, reimagining value, and restoring dignity.


"๐ผ ๐‘ ๐‘’๐‘’ ๐‘†๐‘œ๐‘๐‘–๐‘Ž๐‘™ ๐‘ƒ๐‘™๐‘Ž๐‘ ๐‘ก๐‘–๐‘ยฎ ๐‘–๐‘  ๐‘กโ„Ž๐‘’ ๐ต๐‘–๐‘ก๐‘๐‘œ๐‘–๐‘› ๐‘“๐‘œ๐‘Ÿ ๐‘กโ„Ž๐‘’ ๐‘’๐‘Ž๐‘Ÿ๐‘กโ„Ž",
"๐‘Š๐‘’ ๐‘๐‘Ž๐‘› ๐‘Ž๐‘™๐‘™ ๐‘๐‘’ ๐‘Ž ๐‘๐‘Ž๐‘Ÿ๐‘ก ๐‘œ๐‘“ ๐‘กโ„Ž๐‘’ ๐‘ ๐‘œ๐‘™๐‘ข๐‘ก๐‘–๐‘œ๐‘›, ๐‘Ž๐‘›๐‘‘ ๐‘›๐‘œ๐‘ก ๐‘กโ„Ž๐‘’ ๐‘๐‘œ๐‘™๐‘™๐‘ข๐‘ก๐‘–๐‘œ๐‘›" -
David Katz.
Letโ€™s embrace solutions that create a circular and inclusive economy! ๐Ÿ’š

Video credits to
David Katz at TED Talk 2018 :
Full version:
https://lnkd.in/g_ZHwH_x

#CircularEconomy #PlasticBank #SocialPlastic @WasteToValue #OceanPlastic #SustainableInnovation