This data is live from Alchemy

Our proprietary blockchain-secured platform

Data last verified: Thursday, 09/28/2023

1Ocean-bound plastic

Plastic Bank operates under the global standard defined by Jenna Jambeck. Ocean-bound plastic is defined as plastic that has not yet found its way into the ocean but is classified as "mismanaged waste". That is, plastic that is not being (formally) collected, is not likely to be collected, and is found within 50km of an ocean-bound waterway or coastal area.

2Community Members

Individuals within a recycling community who collect plastic and exchange it at a Plastic Bank collection branch for secure income and life-improving benefits.

3Equivalent Bottles Stopped

The amount of ocean-bound plastic collected and recycled in our recycling communities converted into bottles. Conversion rate is 50 bottles per kg (the average weight of a 500mL bottle is ~20g)

4Recycling Communities

Community of plastic collectors living within 50 kilometres of ocean-bound waterways involved in plastic collection and its exchange at Plastic Bank collection points.

Alchemy™

Alchemy is the blockchain platform that powers the Plastic Bank app. It enables fully traceable recycling processes, secures income for recycling community members and tailors impact reports for our stewards.

Why poverty needs to be addressed to end plastic pollution

Minutes to read: 4 minutes

Houses by the riverPhoto by Jordan Opel on Unsplash.

The global plastic pollution crisis has become a major environmental concern in recent years. It is estimated that 75 to 199 billion kilograms of plastic waste is found in our ocean1, and it continues to increase at an alarming rate. The plastic problem affects marine life and human health, as plastic particles can find their way into our food supply.

Another pressing issue that humanity is facing is poverty. Based on a report by the World Bank Group, 8 percent of the global population is living in extreme poverty and survives with just US$2.19 per day. Meanwhile, 23 percent are sustaining on less than US$3.65 per day and 47 percent are living on less than US$6.852. While we have made great strides in beating poverty since 1990, the COVID-19 pandemic slowed down the progress.

At first glance, poverty and plastic pollution may seem like two totally unrelated issues.  But that is far from the truth – in fact, understanding how these issues are connected is essential for creating a more sustainable future for our planet.

From investigating causes to exploring solutions, let’s discuss how plastic pollution and poverty are intertwined and learn how we can seize opportunities today that make lasting change.

Poverty and plastic consumption

When making purchases, many low-income communities across the globe rely on economical options often packed in single-use plastic, such as water bottles, shampoo sachets, and more. This leads to the overconsumption of cheap disposable goods, which contributes to the global environmental crisis affecting us all. 

Unlike wealthier nations, developing countries often lack plastic recycling programs and infrastructure, and have inadequate waste management systems. This creates a huge amount of single-use plastic left in the environment, eventually finding its way to our ocean.

The only way to break this unfavorable cycle is to provide low-income communities with access to waste management infrastructure and education to make more informed decisions about plastic consumption, while simultaneously empowering them to pave a path out of poverty.

Collection member at Plastic Bank collection branch

Turning plastic waste into worth

The pressure to address the plastic problem is rising. Researchers predict we’ll live with 26 trillion kilograms of plastic waste by 2050 if not enough action is taken to solve the problem3

With the urgency of the situation, governments and private organizations are making efforts to address poverty and plastic pollution. Plastic Bank, for example, helps solve these problems by turning plastic waste into a currency. The social enterprise empowers its collection community members in vulnerable coastal regions to exchange plastic for secure income and life-improving benefits, including access to health, work, and life insurance, digital connectivity, and social and banking services. In Plastic Bank’s model, social impact drives environmental impact. 

In addition to life-improving benefits, Plastic Bank launches social and community programs in its collection communities in Southeast Asia, Latin America, and Africa, with the support of its global partners. Its social programs include distributing grocery vouchers and meal kits, digital connectivity and smartphones, providing digital wallet accounts, basic business and financial literacy, as well as sustainability and plastic recycling trainings. 

Plastic Bank collection member Samsul Arifin
Samsul Arifin, Plastic Bank collection community member in Indonesia.

One such collection member whose life is improved is Samsul Arifin from Plastic Bank’s collection community in Indonesia. Every week, Samsul collects an average of 35 kilograms of plastic waste around his community in Densapar, Bali, Indonesia. Aside from earning additional income that helps him provide basic necessities for his family, Samsul is able to support his child who almost dropped out of school by stopping ocean plastic. Along with other collection community members, Samsul received BPJS health insurance and education about plastic pollution. 

Creating new life for old plastic

So far, Plastic Bank has stopped millions of kilograms of plastic from entering our ocean. But what does Plastic Bank do with the collected material? The social enterprise helps ensure that ocean-bound plastic waste is given a new life. The plastic waste collected by its members is brought to recycling facilities. From here, the material is processed into flakes and pellets, and reborn as Social Plastic® feedstock. 

Social Plastic® feedstock is introduced to the global manufacturing supply chain for reuse in new products and packaging. This reduces the need for virgin plastic, enables a circular economy for plastic, and makes environmental, social and economic impact.

How can you help alleviate poverty and reduce ocean plastic

To make a difference in collection communities located in vulnerable coastal areas, and prevent the leakage of plastic waste into the ocean, you can begin by making contributions. With Plastic Bank’s Impact Program, you can purchase plastic collection credits to offset your plastic footprint. Discover how much plastic you are consuming through the Plastic Footprint Calculator.  

If you own a small business, you can sign up for the Supporter Program, where you can contribute annually or monthly to support plastic recycling and collection community members. The social enterprise’s Social Plastic® Program, on the other hand, allows businesses to integrate ethically processed plastic feedstock into their manufacturing supply chain. All partnerships help stop ocean plastic and alleviate poverty by funding ethical collection in communities across vulnerable coastal areas.

To find out more on how you can get involved, visit plasticbank.com now!


 

  1. “Our planet is choking on plastic,” UN Environment Programme, https://www.unep.org/interactives/beat-plastic-pollution/
  2. “Marta Schoch, et. al, “Half of the global population lives on less than US$6.85 per person per day,” World Bank Blogs, December 8, 2022,” https://blogs.worldbank.org/developmenttalk/half-global-population-lives-less-us685-person-day
  3. Giorgia Guglielmi, “In the next 30 years, we’ll make four times more plastic waste than we ever have,” Science Mag, July 19, 2017,” https://www.science.org/content/article/next-30-years-we-ll-make-four-times-more-plastic-waste-we-ever-have