Plastic Collective
Plastic Collective, The World Bank and Citibank created a transformational partnership to launch the $100 million Plastic Waste Reduction Linked Bond, using Verra plastic credits to help support projects in Ghana and Indonesia.
The financing will see operations expand combined plastic waste collection and recycling capacity 500% over next 3 years and additional 250,000 tons in the next 10 years.
Closing the Loop on Plastic Waste
Female entrepreneur-led project ‘closing the loop’ on plastic waste in Ghana. ASASE enables women to build their own business to sell and recycle plastic.
- Ecosystem restoration through plastic pollution remediation and preventing leakage into the marine environment
- Divert landfill bound plastic to new recycling capacity for use by plastic value chain companies
- Waste picker welfare, inclusion, financial participation, and industry formalization
- Project worker healthcare and education programs
Verra Plastic Waste Reduction Standard
Plastic credits are certified under the Verra Plastic Waste Reduction Standard to measure, document, and certify environmental and social impacts.
Issuance requires verification by 3rd party auditors for plastic volumes, chain of custody, outcomes, and stakeholder engagement; including workers, local communities, governments, and the environment. Credits are listed and retired on a public registry in the buyer’s name.
Go carbon neutral for a brighter future.
You can offset your entire business’s carbon footprint and be a supporter of a greener tomorrow.
