Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, DeFi, Blockchain News

SC Johnson Launches Global Partnership to Fight Ocean Plastic and Poverty

SC Johnson, an industry-leading manufacturer of household consumer brands, and Plastic Bank today launched a global partnership to stop plastic waste from entering the ocean and fight poverty.


The three-year effort creates recycling infrastructure on a massive scale across five countries and pays residents to collect plastic in exchange for digital savings and rewards. Once the plastic is collected and exchanged, it will be recycled into the first-ever 100% Social Plastic® bottle, which SC Johnson will use for its iconic Windex® line beginning in February 2020.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8593651-sc-johnson-plastic-bank-global-partnership-fight-ocean-plastic-and-poverty/

"More than 8 million metric tons of plastic leak into the ocean every year, so building infrastructure that stops plastic before it gets into the ocean is key to solving this issue," said Fisk Johnson, Chairman and CEO of SC Johnson. "I'm particularly pleased that this program we developed with Plastic Bank helps to address poverty and this critical environmental issue at the same time."

SC Johnson and Plastic Bank already have nine collection centers in Indonesia. Under the new three-year agreement, they will expand to 509 total collection centers and points across several countries including Indonesia, the Philippines, Thailand and Vietnam – four of the five countries that contribute most to ocean plastic – and Brazil.

With the global increase in scale that this partnership will bring, Plastic Bank plans to collect 30,000 metric tons of plastic waste over three years. This is the equivalent of stopping approximately 1.5 billion plastic bottles from entering our waterways and ocean, as 100% of the plastic will be collected within 30 miles of an ocean or waterway in countries without a formal waste collection infrastructure.

Extreme poverty often compounds extreme pollution as many developing countries lack the resources necessary to build waste removal and recycling infrastructure. Researchers estimate that 8 million tons of plastic waste enter the ocean every year,1 and approximately 90% of it comes from 10 rivers around the world2 – eight in Asia and two in Africa. This pollution has far-reaching implications for our planet and all life on Earth.

Addressing Poverty and Pollution: How Social Plastic® Works
Developed by Plastic Bank, the Social Plastic® ecosystem builds and activates recycling infrastructure in the world's poorest regions and invites residents to earn a stable income by joining the effort. Residents can collect and exchange plastic for digital tokens. Using blockchain technology they can use the tokens in exchange for access to necessities, healthcare coverage, school tuition, local currency and more – reducing the risk of loss or theft.

Residents can substantially boost their incomes, according to Plastic Bank, as they receive the spot market rate plus premium for the plastic they collect. Once collected, the plastic is recycled into Social Plastic® and sold to make new products.

"Together with SC Johnson, we now have the ability to help close the loop and advance a circular economy while developing infrastructure in the areas where it is needed the most," said David Katz, Plastic Bank's Founder and CEO. "We are eager to expand exponentially and maximize our efforts in cleaning the environment, prohibiting waste from entering the ocean and alleviating poverty simultaneously. There is no better partner than Fisk and SC Johnson – other CEOs should take note."

SC Johnson Bottles Major Home Cleaning Brand in Social Plastic® – An Industry First
Beginning in February 2020, SC Johnson will incorporate 100% recycled Social Plastic® collected by Plastic Bank® into its iconic Windex® line. The 100% recycled Social Plastic® bottle will be incorporated into Windex® Original and Windex® Vinegar in the United States and Canada.

At Work for a Better World – A Multi-Faceted Approach to Reducing Waste
The partnership with Plastic Bank is just one way SC Johnson is carrying out its commitment to help tackle the plastic pollution crisis. The company has steadily increased the use of post-consumer recycled plastic in its products and removed excess plastics wherever possible.

- 94% of SC Johnson's plastic packaging is designed to be recyclable, reusable or compostable. The goal is 100% by 2025.
- SC Johnson uses post-consumer recycled bottles for several product lines.
- SC Johnson removed more than 1.7 million kilograms of plastic from its primary packaging during fiscal year 2018/19.

Expanding Offerings of Concentrate Products
Since the unveiling of Windex® concentrates in 2011, SC Johnson has expanded its refill options to other popular cleaning brands, including Pledge®, Scrubbing Bubbles®, Shout® and fantastik®. Every time a consumer chooses a concentrate product, they use nearly 80% less plastic.

The new line of SC Johnson concentrates launched in the United States and Canada last summer, with Scrubbing Bubbles®, Windex® and fantastik® bottles available on Amazon. The next wave of concentrate refills – including Scrubbing Bubbles®, Windex® and Mr Muscle® – are launching in Mexico, the United Kingdom, China and Japan this fall.

Ellen MacArthur Foundation – The New Plastics Economy Global Commitment
Fisk Johnson was also one of only a select few CEOs to sign The New Plastics Economy Global Commitment, an initiative led by the Ellen MacArthur Foundation in collaboration with UN Environment to establish a common vision for companies to help create a circular economy for plastics. As a part of that commitment, SC Johnson will make 100% of its plastic packaging recyclable, reusable or compostable by 2025.

About SC Johnson
SC Johnson is a family company dedicated to innovative, high-quality products, excellence in the workplace and a long-term commitment to the environment and the communities in which it operates. Based in the USA, the company is one of the world's leading manufacturers of household cleaning products and products for home storage, air care, pest control and shoe care, as well as professional products. It markets such well-known brands as GLADE®, KIWI®, OFF!®, PLEDGE®, RAID®, SCRUBBING BUBBLES®, SHOUT®, WINDEX® and ZIPLOC® in the U.S. and beyond, with brands marketed outside the U.S. including AUTAN®, BAYGON®, BRISE®, KABIKILLER®, KLEAR®, MR MUSCLE® and RIDSECT®. The 133-year-old company, which generates $10 billion in sales, employs approximately 13,000 people globally and sells products in virtually every country around the world. www.scjohnson.com

About Plastic Bank
Plastic Bank is a platform for the world to gather together to stop ocean plastic and alleviate poverty through a global recycling ecosystem. Plastic Bank acts as a convenience store for the world's poor that accepts plastic waste as a currency. This recycling ecosystem is sustained through the sale and use of Social Plastic® by some of the world's largest organizations. Over 1 million supporters have asked brands to support Plastic Bank and Social Plastic®. In addition to using our recycled Social Plastic®, both individuals and companies have the ability to offset their own plastic footprint. This is how we unite the world to reduce global poverty while making plastic too valuable to enter the ocean.

Social Plastic® is Plastic Bank Verified plastic that provides a premium for the collector. The premiums are called Plastic Bank Rewards. These rewards are distributed and authenticated through the Plastic Bank app, which uses Blockchain technology to provide the safest and most trusted means to deliver a globally scalable social impact. All of the plastic collected through the Social Plastic® ecosystem is sorted, recycled, and sold to forward thinking brands to use in their manufacturing instead of new plastics.

Plastic Bank aims to provide large scale sustainable premiums in every recycling community around the world. This is how we stop ocean plastic. The more premiums that come from corporate purchases of Social Plastic® and/or off-set incentives the faster new regions can become eligible to receive Plastic Bank Rewards.

1 World Economic Forum, Ellen MacArthur Foundation and McKinsey & Company, The New Plastics Economy — Rethinking the future of plastics (2016, http://www.ellenmacarthurfoundation.org/publications).
2 World Economic Forum (2018, https://www.weforum.org/agenda/2018/06/90-of-plastic-polluting-our-oceans-comes-from-just-10-rivers/)

http://www.scjohnson.com

SOURCE SC Johnson

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Lundi 21 Octobre 2019




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