NGO Self-Regulation & Commitments

Clariant Cooperation with the Plastic Bank

The Plastic Bank is a social enterprise and economic development firm that empowers disenfranchised communities to exchange any type of plastic waste for currency.

As a company that is committed to sustainable development, Clariant is supportive of actions to minimize and manage plastic waste and promote a circular plastic economy.

In 2019, Clariant teamed up with the Plastic Bank, purchasing thousands of Plastic Bank’s Social Plastic Collection Credits®.

The credits enabled the recovery and recycling of over 49,000 kg of ocean-bound plastic, equivalent to over 2 million PET bottles, providing a welcomed secondary income for hundreds of people in local communities in Lombok and Bali in Indonesia.

Partnerships and collaborations like this one enable Clariant to extend across its value chain and cultivate truly sustainable ecosystems that address today’s challenges and contribute to United Nations Sustainable Development Goals.

Plastic Bank currently operates in Haiti, Brazil, the Philippines, and Indonesia.

Social Plastic® Collection Credits

Social Plastic® Collection Credits function similarly to carbon credits.

1 SPCC = 1 kg of plastic prevented from entering the ocean.

SPCCs are the core of all our Plastic Neutral programs, which can be activated by individuals or organizations of any size.

social plastic collection credit


Clariant Plastic Bank Linkedin Post
Clariant Plastic Bank Linkedin Post


Published on

Cooperation with the Plastic Bank

Social Plastic Collection Credits



Plastics in the Circular Economy

15 June 2020 – Chemical Recycling Commitments and Incentives, Deep Sea Plastic, Greece Plastic Ban, NY Composting

12 June 2020 – Michigan Waste, Definitions, Greenpeace Malaysia, Tax and Voluntary Schemes, Shell Sustainable and Circular Plastics News

7 June 2020 – Industry 4.0, PEF, Perstorp, Timber and Chemical Recycling

5 June 2020 – Woodly, Plastic-Free Masks, Plastic Tax, UK & US Survey, Biodegradable War, Spain

3 June 2020 – Chemical Recycling Europe, Sustainability on Hold, Lyondellbasell, Ikea, Covestro

2 June 2020 – EU and Compostable Plastics, Biodegradable Additives, RWDC, Black Plastic, Oxo

1 June 2020 – Nestle, Denmark, Weather, Mitsui, Plastic Free July, Compost Shortage

31 May 2020 – Iowa, Zalando, Sabic, South Africa, Dow and Mondelez

29 May 2020 – China Scandal, Mitsubishi, Tyres, Flexible Packaging, Sargassum, Canada Lignin

27 May 2020 – SK Chemical, Borealis, Omya, Stora Enso, UPM, Dow and Good Natured