ENERGY GLOBE
Philippines

WINNER:
Plastic Bank

With the Project:
Plastic Bank Recycling Ecosystems

In 2013, David Katz and Shaun Frankson founded Plastic Bank with the bold intention to gather the world together to stop ocean plastic. The main aim of the project was to create a way to reveal plastics inherent value and empower marginalized communities where plastic waste is more prominent.

INITIAL SITUATION

There was need to prevent plastic from reaching the ocean in the first place. And rather than seeing plastic as just a convenience, there was also need to create a way to reveal its inherent value and empower marginalized communities to alleviate poverty.

SOLUTION

Plastic Bank works by establishing recycling ecosystems and helps to stop ocean plastic while improving the lives of those who collect it. Through the collection of ocean-bound plastic, Plastic Bank has alleviated poverty. When establishing recycling ecosystems, Plastic Bank analyses the trends of plastic pollution and the ocean, looks at the recycling infrastructure, how the problem is currently managed, and partners with global organizations to launch ethical recycling ecosystems.

INNOVATION

SCOPE Recycling ecosystems works with local collection branches and processing partners. Plastic Bank members receive a premium for the materials they collect. When collectors deposit plastic waste, their ID is scanned, plastic is sorted and weighed by material and colour. The collectors receive market price for plastic and premiums are automatically deposited into their digital bank account.

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WINNERS

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OUR PARTNERS

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