ESG
“ This is a capitalism issue . It ' s not a societal issue . It ' s not entrepreneurship . It ' s the sickness of capitalism ”
DAVID KATZ CEO AND FOUNDER , PLASTIC BANK
from the environment before it ends up in our oceans .
The man himself lays it out for us , “ Plastic Bank is best expressed as a global chain of stores for the poor and for the ultrapoor , those that make less than $ 2 a day . Everything in the store is only available to be purchased using plastic garbage by weight to pay for school tuition , medical insurance , WiFi , cooking fuel and everything the poor truly need and struggle to afford . Now , using what would have entered a Marine
ecosystem — a waterway , a canal , a river or a stream — we ' ve created a monetary standard for the appropriate value exchange for material resources . We ' ve built a global supply chain that returns the material that we call Social Plastic back into manufacturing . So the consumer themselves have the power . When they go to buy something , they can buy something that truly ends poverty and helps save the ocean simultaneously .”
Shifting the Paradigm ; The Unfavourable Economics of Plastics Recycling The unfavourable economics for plastics made from recycled resins compared to virgin resins has long detoured the increased usage of recycled resin . And yet , it doesn ’ t need to be this way . In partnership with
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