Home Project Plastic Bank

Plastic Bank

Plastics / Ecosystem conservation

Plastic Bank collects plastic waste in vulnerable coastal communities and turns it into currency, empowering people while preventing ocean pollution. The recycled Social Plastic® is reused by global brands.

Contact

Plastic Bank

Info

Available

To sell

Looking

To find volunteers
To find distributors
For investors
For partners

Looking to expand internationally

Yes

Project location

Philippines, Indonesia, Thailand, Brazil, Egypt

Awards and certifications

EcoVadis Gold Medal

2024

Recognized among the top 5% of all companies globally in sustainability performance—covering environment, labor & human rights, ethics, and sustainable procurement

Reuters Responsible Business Awards

2022

Honored for addressing root causes of ocean plastic pollution and poverty through an innovative business model and scalable community-based approach

UN Momentum for Change

2023

Recognized as a global climate solution for its dual impact—preventing ocean plastic and reducing community poverty

Project description

Plastic Bank is a social enterprise that transforms plastic waste into a force for good. By empowering vulnerable coastal communities to collect and exchange plastic for money and life-changing benefits, it tackles two global crises at once: ocean plastic pollution and poverty.

Collected plastic becomes Social Plastic®, a traceable, recycled material used by global brands—creating a cleaner planet and stronger communities through a circular economy.

 

 

How It Works

Plastic Bank partners with coastal areas affected by pollution and poverty.

Locals gather plastic from beaches, streets, and waterways.


Plastic is traded at collection branches for digital credits—redeemable for food, water, school fees, health services, or cash.


All transactions are stored in blockchain-secured wallets, enabling financial inclusion.


Collected material is processed into high-quality, traceable recycled plastic.


Companies purchase Social Plastic® to reduce virgin plastic use and support impact-driven sourcing.

 

Blockchain for Transparency

  • Each kg of plastic is digitally tagged and logged on a blockchain ledger.

  • Smart contracts automate rewards only after verified collection.

  • End-to-end traceability ensures no fraud or double-counting.

  • Third-party audits verify all data, and partners can view live impact through digital dashboards.

Objectives

 

  • Reduce ocean plastic pollution by stopping plastic waste before it reaches the ocean.

  • Empower impoverished communities by turning plastic waste into a source of income and social benefits.

  • Create a circular economy through the production and sale of traceable, recycled “Social Plastic®” for use in consumer products.

  • Provide financial inclusion with a blockchain-secured digital wallet, helping collectors save, access benefits, and build stability.

  • Incentivize ethical plastic collection by making plastic too valuable to discard.

  • Support global brands in meeting their sustainability and plastic reduction goals.

  • Promote environmental education and responsible consumption through membership and impact programs.

Impact & Achievements

Plastic Bank's journey is more than data—it’s about real people rebuilding lives, communities becoming resilient, and global systems shifting toward sustainability. 

 

Major Impact Milestones

  • 43.5 million kg plastic collected in 2024 across six countries—equivalent to removing the pollution potential of 2.17 billion bottles 

  • Over 8 billion bottles (163 million kg) accumulated since inception, by nearly 59,000 collection members in 427 communities 

  • In 2021, Plastic Bank prevented 1 billion bottles (20 million kg) from ocean-bound waste 

  • Partnering with SC Johnson, collecting over 40 million kg (~2 billion bottles), equipping 379 collection centers and over 19,000 workers 

 

Personal & Community Stories

 

 

 

  • Elizabeth in the Philippines used her earnings to educate her grandchildren, showcasing how plastic collection creates opportunity 

  • Romany in Egypt collected more than 16,000 kg of plastic waste, securing both his family’s living and his brother’s education 

  • Haris in Bali rebuilt his life after a house fire; collecting and trading plastic sustains his family and fuels his passion for ocean preservation

 

Innovation & Partnerships

  • Fully traceable, blockchain-secured digital platform, enabling real-time, audit-ready reporting and transparency 

  • 500+ brand partnerships (e.g., Henkel, Reckitt, P&G) integrating Social Plastic® into packaging 

  • Social EPR (Extended Producer Responsibility) program removed 16.2 million kg of plastic waste in 2024—a 146% increase from 2023

How you can help

How Individuals Can Help

  • Join as a member to fund plastic collection and receive impact updates.

  • Offset your plastic footprint by sponsoring the removal of ocean-bound plastic.

  • Share and advocate for Plastic Bank’s mission in your community and online.

 

How Businesses Can Help

  • Purchase Social Plastic® to integrate ethical recycled plastic into products.

  • Sponsor plastic collection to meet sustainability or ESG goals.

  • Host “plastic positive” events or include impact in CSR and marketing campaigns.

Looking for

-Local processors/entrepreneurs to establish and run collection branches under their model. -Community organizations to host drop-off infrastructure. -Interested individuals or organizations to follow their expansion roadmap via the Global Impact page for opportunities in new countries.

About the NGO

Plastic Bank is a social fintech and social enterprise founded in 2013 by David Katz and Shaun Frankson. It operates a global “bottle deposit” style program that empowers vulnerable coastal communities to collect ocean-bound plastic waste in exchange for money, social benefits, or digital tokens—all tracked via a blockchain The collected plastic is processed into “Social Plastic®” recycled feedstock, which is sold to brands replacing virgin plastic

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