How Plastic Credits Help Solve the Plastic Crisis
Today, more and more items we purchase include plastic as a primary material. While plastic is affordable, durable, and convenient - companies have never really considered what to do with plastic after using it, or the serious consequences it has on biodiversity, carbon emissions, and human health. Since the 1950s the world's plastic consumption has more than doubled, and it's choking up the planet faster than we can get rid of it. In addition to the urgent need for plastic alternatives and decreased plastic production, verified plastic cleanup credits serve as a key solution.
By embracing verified plastic cleanup credits, companies and individuals can make tangible contributions towards mitigating plastic pollution while fostering a more sustainable future. Through incentivizing the collection and recycling of plastic waste, verified plastic credits ensure proactive environmental stewardship while simultaneously curbing the proliferation of plastic in our ecosystems.
“There is no silver bullet that solves the plastic pollution crisis, particularly as the use cases and applications for plastic continue to grow faster than the alternatives,” says PCX founder and chairperson Nanette Medved-Po. “Plastic credits constitute a powerful, immediately available mechanism to inject capital into the plastic waste market, and should therefore be part of the solution mix delivering immediate and tangible environmental and socio-economic impact.”
With no time to waste to address the plastic pollution crisis, PCX works with companies including PepsiCo, Mondelez, Starbucks, and Colgate-Palmolive by helping them curb their plastic waste up and down supply chains.
Spotlight
The PCX team is proud to support the amazing work done by HOPE: Business for Good’s Aling Tindera community collection program through our plastic credit marketplace.
We’d like to thank all our sustainability partners who power this network of women to buy and collect plastic waste from their communities. Aling Tindera diverted 4.1 million KGs of plastic waste from nature in 2023, contributed PHP 10,257,984 in revenue back to the communities they serve, and increased the average income of these micro entrepreneurs by 48%.
That’s the power of the circular economy!
News
Big Path Capital’s List of Top 100 Impact CEOs
PCX Markets CEO Sebastian DiGrande was recognized in Big Path Capital’s list of top 100 Impact CEOs in February! While we're still early in our journey, it's exciting to see the impact that we, together with our partners, are already having on the plastic waste crisis.
Driving Discussions on the Blue Economy
PCX founder Nanette Medved-Po joined OceanX founder Mark Dalio, Minderoo Foundation’s Chief Scientist Tony Worby, and Conservation International’s Geraldine Chin for a conversation on the future of the blue economy at Babson Connect's Singapore conference earlier this month.
New study found microplastics in 29 out of 30 samples of Milkfish in Southeast Asia
A new study by the Mindanao State University-Iligan Institute of Technology found microplastics in 29 out of 30 samples of Milkfish - one of the most popular species across the Southeast Asia region, which relies on fish as a major source of protein. Milkfish, or bangus, is considered ‘the national fish’ of the Philippines, and contributes roughly 60% of the total fish production from aquaculture in Southeast Asia.
This report adds to the growing volumes of research that show just how pervasive microplastics are in the oceans and across different fish species, impacting our health and livelihood.
Plastic or Paper? A Nuanced Sustainability Story
A new report from Rabobank that deep dives on marine pollution and forever chemicals in packaging, and provides an update on plastic- and packaging-related legislation worldwide, throws a spotlight on the the role plastic credits can play in creating a circular economy and PCX's work in credits.
Upcoming Events
Join Us for Our Upcoming Event in Jakarta, Indonesia!
Join PCX Markets Global CEO, Sebastian DiGrande, PCX's Indonesia Country Lead Faisal Yusuf and distinguished business leaders for a pivotal conversation on how Indonesian companies can lead the charge in the country's battle against plastic pollution.
This event will be hosted in Jakarta on Friday, March 8, from 8:30-11:00 AM.
Calling Our Sustainability Partners to Join us in Manila, Philippines!
We're hosting in-person PCX Pulse event for our clients with our Philippines leadership team and PCX Markets global CEO on March 12. We'll talk about global tailwinds that will shape your company’s plastic responsibility journey, address challenges and strategies as we move through Year 2 of EPR in the Philippines, and more. If you haven't received an email, click below to contact us today!
We're Attending the INC-4 in Ottawa, Canada!
If you also plan to be there from the 23 to 29 of April, reach out to us to us at marketing@pcxmarkets.com to schedule a meetup.
We’ll also provide updates in the coming weeks on our activities and plans during this critical session on the UN’s plastic waste treaty.
Let’s Get To Work
Sign up to clean up!
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