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? Thatโs 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 valueโboth for the planet and the people who collect it.
๐ ๐๐ซ๐๐ง๐ฌ๐๐จ๐ซ๐ฆ๐ข๐ง๐ ๐๐๐ฌ๐ญ๐ ๐ข๐ง๐ญ๐จ ๐๐๐๐ฅ๐ญ๐ก
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 Plasticยฎโa valuable resource reintroduced into the global supply chain.
โ
๐๐ต๐ฐ๐ฑ๐ฑ๐ช๐ฏ๐จ ๐๐ค๐ฆ๐ข๐ฏ ๐๐ญ๐ข๐ด๐ต๐ช๐ค ๐ข๐ต ๐ต๐ฉ๐ฆ ๐๐ฐ๐ถ๐ณ๐ค๐ฆ
Preventing waste from polluting our waterways while tackling the root causes of poverty.
โ
๐๐ฎ๐ฑ๐ฐ๐ธ๐ฆ๐ณ๐ช๐ฏ๐จ ๐๐ฐ๐ค๐ข๐ญ ๐๐ฐ๐ญ๐ญ๐ฆ๐ค๐ต๐ฐ๐ณ๐ด
Providing financial stability, healthcare, and education through plastic collection.
โ
๐๐ณ๐ฆ๐ข๐ต๐ช๐ฏ๐จ ๐๐ช๐ณ๐ค๐ถ๐ญ๐ข๐ณ ๐๐ถ๐ฑ๐ฑ๐ญ๐บ ๐๐ฉ๐ข๐ช๐ฏ๐ด
Transforming collected waste into Social Plasticยฎ, which is reused by global brands in new products.
๐ ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ซ ๐๐ก๐๐ง๐ ๐
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, theyโve prevented the equivalent of 7.8 billion plastic bottles from entering the ocean.
As David Katz says, โ๐ผ ๐๐๐๐โ๐ก ๐๐๐๐ ๐ก๐ ๐๐๐๐๐ก๐ ๐๐๐๐ ๐ก๐๐ ๐ต๐๐๐. ๐ผ ๐๐๐๐๐๐ ๐ก๐ ๐๐๐๐๐๐ ๐กโ๐ ๐๐๐๐ ๐๐ ๐คโ๐ ๐๐๐ข๐๐.โ His journey is a testament to the power of rethinking waste, reimagining value, and restoring dignity.
"๐ผ ๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐ ๐ก๐๐ยฎ ๐๐ ๐กโ๐ ๐ต๐๐ก๐๐๐๐ ๐๐๐ ๐กโ๐ ๐๐๐๐กโ",
"๐๐ ๐๐๐ ๐๐๐ ๐๐ ๐ ๐๐๐๐ก ๐๐ ๐กโ๐ ๐ ๐๐๐ข๐ก๐๐๐, ๐๐๐ ๐๐๐ก ๐กโ๐ ๐๐๐๐๐ข๐ก๐๐๐" - David Katz.
Letโs embrace solutions that create a circular and inclusive economy! ๐
Video credits to David Katz at TED Talk 2018 :
Full version: https://lnkd.in/g_ZHwH_x
#CircularEconomy #PlasticBank #SocialPlastic @WasteToValue #OceanPlastic #SustainableInnovation

Good to Share Good
"A good business thrives to enable our privilege of choice to last, as our environment."
ยฉ 2024. All rights reserved.