Mismanaged waste
Discarded materials that are either littered or lack proper waste management systems, resulting in a high risk of polluting the environment.
Stopping plastic pollution
The act of gathering discarded plastic from the environment.
Gathered plastic
Discarded plastic materials gathered by our communities from the environment, including beaches, rivers, streets, neighbourhoods, businesses, schools, places of worship, community centers, and more.
Collection community
A community of registered Plastic Bank collection members and branches that gather discarded plastic from the environment.
Collection community member
A registered member of the collection community that gathers discarded plastic from the environment.
Collection branch
A Plastic Bank-certified location where collection community members can verify and exchange their plastic collection. They may also perform preprocessing such as cleaning, sorting, and bailing.
Market value
The price at which buyers and sellers would trade a certain type of plastic in a competitive auction setting.
Plastic credit
The verified assignable value to stop one traceable kilogram of discarded plastic from polluting the environment, redeemable in local currency.
Collection benefits
Income and social benefits earned by collection communities, including health, work and life insurance, digital connectivity, grocery vouchers, school supplies, and fintech services.
Social Plastic® feedstock
Recycled plastic feedstock that is reprocessed and reintegrated into products and packaging by Plastic Bank partner organizations and brands for positive social, environmental, and economic impact.
PlasticBank® app
Plastic Bank’s proprietary app, backed by its blockchain-secured platform, enables traceable collection, secures income, and verifies reporting.
Community partnership
A relationship with a local community-based organization that empowers the collection and exchange of discarded plastic.
Processor
A processing facility that recycles gathered plastic into recycled feedstock for reuse in products and packaging.
Plastic footprint
The total volume of plastic an entity contributes to the world's plastic waste in a given period.
Environmental impact
An amount of discarded plastic gathered. Measured in kilograms of plastic gathered and its equivalence in the number of bottles.
Social impact
The positive effect of gathering discarded plastic from the environment on collection communities. Measured by the additional income generated from recycling and the social benefits offered.
Economic impact
The positive effect of gathering discarded plastic from the environment on the global supply chain, employment, and the creation of income opportunities for communities. Measured by the number of collection communities, members, partner organizations and brands.
Extended Producer Responsibility (EPR)
Extended Producer Responsibility (EPR) is a strategy that holds producers accountable for the environmental impact of their products throughout the product's lifecycle, including the manufacturing phase and the use and disposal phases. EPR policies aim to encourage responsible product design, promote recycling initiatives, and reduce the government's and taxpayers' financial burden for waste management.
Social Extended Producer Responsibility (EPR)
Contribution of EPR compliance in creating social impact for collection communities.
Social fintech
A financial technology enterprise that aims at solving (or at least positively impacting) social problems while ensuring access to financial services and products for the unbanked.
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