Our plastic credits work similarly to carbon offsets but specifically target plastic waste reduction. Individuals and businesses can actively contribute to cleaning the marine environment by earning and trading these credits. The plastic credits are certificates representing the collection in kilograms of plastic waste that would otherwise have polluted our natural environment. These credits are measurable and traceable.

Our initiative focuses on recycling plastic waste that would otherwise remain in the environment. We refer to this concept as ‘additionality,’ where only waste that would end up in the environment without any intervention is considered. As a result of our efforts, we generate a certified plastic credit for each additional kilogram of plastic we recycle.

Businesses and individuals can offset their plastic usage by purchasing plastic credits — for every unit of plastic consumed, an equivalent amount is recycled. The funds generated from these credits support essential infrastructure and contribute to cleaning up existing plastic waste. Even though you can’t eliminate plastic (it’s everywhere!), you can offset its impact through plastic credits.

Our Plastic Credits are unique in that they exclusively target plastic that would otherwise remain unrecycled- every penny goes towards empowering communities to recycle marine plastic waste by building and developing essential infrastructure.

Our recycling initiatives (NRS, MRS & P4P) work closely with beach clean groups, businesses, and fishing communities. We collaborate with over 20 NGOs, charities, and over 40 fishing communities to combat marine plastic pollution; last year alone, we collected, processed, and recycled 500,000 kilos of marine plastic through our Net and Marine Regeneration Scheme.

However, there’s still much more work to be done.

Our groundbreaking Plastic Credit program provides a simple and transparent way to get involved in the battle against plastic while safeguarding our precious marine ecosystems. By doing so, we can make our world a better place to live in now and in the future.

Virgin plastic is significantly cheaper than its recycled counterpart, whose material has undergone significant processing and reprocessing before reaching the market; this often demotivates the industry to use it, particularly in mass-produced items where profit margins are already slim.

Increased recycling rates mean improved competitiveness for the circular economy and the recycled plastics market. This changes societal perceptions and definitions about waste and enables Industry to become greener thanks to lower material costs.