Procurement Magazine September 2021 | Page 13

Circularity ; Plastic Bank and The Renaissance Brigade

Sustainability is having more than a moment ; it ’ s a movement , a renaissance , if you will . The world is transitioning from greenwashing and GenZ placating to verifiable , science-based sustainability and now , regenerative efforts in a desperate attempt to save our earth- just as the buzzer is about to ring .
Heading the charge in tackling two of the world ' s biggest challenges against climate change and sustainability by creating a circular economy for plastics and helping to close the plastics circularity gap is David Katz . David Katz is CEO and Founder of Plastic Bank , a global network of micro recycling markets that empower the poor to transcend poverty by collecting plastic 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 ultra-poor , 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 ...
� STRIPE Stripe isn ’ t doing too shabby , at least in part , thanks to the rise in eCommerce . After raising $ 600 million in its latest round of funding , the company ’ s valuation now sits at a pretty $ 95 billion — making Stripe one of the , if not THE biggest IPO in history .
� VICI PROPERTIES Casino owner Vici Properties buys MGM Growth Properties , gaining an additional 15 entertainment properties for $ 17.2 billion . The deal may just make the casino owner the largest landowner on the Las Vegas Strip .
� ZOOM In settlement of a lawsuit which claimed the company violated users ’ privacy rights by sharing personal data with Facebook , Google and LinkedIn , Zoom Video Communications Inc agreed to pay $ 85 million and improve its security practices .
� ACTIVISION BLIZZARD The California Department of Fair Employment and Housing is suing Activision Blizzard , the maker of Call of Duty . The lawsuit claims that Activision fostered a “‘ frat boy ’ workplace culture ,” that executives sexually harassed women and that women were routinely paid less than man for similar work and were less likely to be promoted .

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