In order to make a significant difference and bring a real benefit to our environment and planet, Valid decided to create, together with Plastic Bank, an environmental compensation program.
Plastic Bank is a social enterprise empowering a regenerative society. They build ethical recycling ecosystems in coastal communities and reprocess the materials for reintroduction into the global supply chain as Social PlasticTM.
Their collectors receive a compensation for the materials they collect which helps them to provide basic family necessities such as groceries, cooking fuel, school tuition, and health insurance.
Their certified blockchain platform secures the entire transaction and provides real-time data visualization – allowing for transparency, traceability, and rapid scalability.
With this goal, Plastic Bank is relying on companies like Valid to support the collection process of the plastic in order to:
Mitigate the impact of many corporations and potentially reduce, offset or decrease the plastic footprint of their operations.
Improve the social and economic situations in different regions of the world by creating job opportunities through plastic waste collection.
Supports environmental stewardship and circular economy.