THE CORPORATE GUIDELINES

Translating Plastic Commitments into Measurable Action  

The Corporate Guidelines aim to provide guidance for companies and other organizations looking to achieve, specifically, plastic waste reduction commitments. The Guidelines are intended to support the vision of “a circular economy for plastics, where plastics never become waste” shared by signatories to the New Plastics Economy Global Commitment.

Using the Corporate Guidelines will enable companies to track their progress in terms of  

REDUCING THE ENVIRONMENTAL IMPACT OF THEIR PLASTIC PACKAGING

INCREASING THE USE OF RECYCLED AND RECYCLABLE MATERIALS

investing in waste recovery and recycling infrastructure in their operating regions

THE PLASTIC STANDARD

Measuring the True Impact of Recovery & Recycling Projects

 

The Plastic Waste Reduction Standard (Plastic Standard) will establish rules and methodologies to quantify and account for the recovery and/or recycling of waste, incorporate social safeguards to protect project actors waste collectors, and implement a verification system using independent auditors.

The role of the Plastic Standard is to assess, verify and report on the impact of projects that increase plastic recovery and/or recycling, and to generate credits for activities that exceed baseline collection/recycling rates.

waste picker recyclable material recovery activities

waste collection from environment, incl. ocean cleanup and community-based projects

development of collection infrastructure

development of recycling technologies anD activities

PUBLIC CONSULTATION

The second public consultation period is now open!

Second public consultation on the Plastic Waste Reduction Program is open from 15 July until 23 August

Public comments on three key documents of the Plastic Program -- the Plastic Waste Reduction Standard, Program Guide and Program Definitions -- will ensure that the Program is practical for use by all types of plastic waste recovery and recycling activities and that it meets corporates’ needs. We invite anyone involved or interested in plastic recovery and recycling activities, as well as private and public entities interested in directing financial support to such activities, to participate in this public consultation.

 

THE CREDITING MECHANISM

Scaling-up Recovery & Recycling by Driving Finance to Local Projects

The Crediting Mechanism for plastic recovery and recycling projects will benefit local communities while cleaning the environment. By adding real value to plastic and beverage cartons waste, the Mechanism will boost the supply of recycled content and, therefore, reduce the production of virgin plastic.

The Plastic Crediting Pathway

SOCIAL SAFEGUARDS

The path to a truly circular economy must also recognise the social dimension and positively impact people's lives and livelihoods. By establishing environmental and social safeguards, the Plastic Standard will ensure that all recovery and recycling efforts provide sufficient benefits to local economies and create sustainable livelihoods for local communities.

It will help ensure that the highest social safeguards are fully integrated into the project so that all participating project actors (including waste pickers/collectors) have safe working conditions.

 

The Crediting Mechanism will drive additional income to plastic recycling co-operatives and local communities which rely on manual waste collection.

 

© 2019 3R Initiative