Accepting Applications for Standard Development Committee
Last month, Verra and BVRio – together with Danone, Veolia, Nestlé, Tetra Pak, Conservation International and South Pole – launched the 3R Initiative to keep plastic waste out of the environment. The Initiative provides incentives for companies to reduce their plastic footprint and offer opportunities for companies and entrepreneurs to invest in activities that scale up waste collection and recycling.
The 3R Initiative will develop the 3R Standards for Corporate and Project Accounting and a complementary 3R Crediting Mechanism. We are currently seeking members for the 3R Project Standard Development Committee, which will be led by Verra. The 3R Standard for Project Accounting will set out the rules and methodologies for quantifying the removal and/or recycling of plastic waste, set out social and environmental safeguards, and establishes a system for independent project certification.
The multistakeholder 3R Project Standard Development Committee (PSDC) will help ensure that only high-quality projects achieving their stated waste-reduction outcomes will be credited and that the standard’s widespread use will result in a significant increase in recovery and recycling rates around the world.
View the PSDC Terms of Reference and apply here.
In addition to the 3R Standard for Project Accounting, the Initiative will also develop the 3R Standard for Corporate Accounting – will enable companies to robustly measure and monitor their plastic footprints – and a complementary 3R Crediting Mechanism – which will allow companies invest in plastic recovery or recycling projects outside of their footprint.
We hope you will consider applying to be part of this important effort.
With best wishes,
The 3RI Team