Plastic Collective, a leading social enterprise focused on solving the plastic waste epidemic, has announced it will receive funding through an innovative and transformational sustainable development outcome bond, issued by The World Bank, for two plastic waste collection and recycling projects in Ghana and Indonesia.
This innovative bond provides investors a financial return linked to Plastic Waste Collection Credits, Plastic Waste Recycling Credits (collectively, plastic credits), and Voluntary Carbon Units (carbon credits) expected to be generated by two projects
Citibank acted as the sole structuring agent and bookrunner of the transaction.

The funding will help Plastic Collective?s mission to rid the world of plastic waste by channeling private capital to support plastic collection and recycling projects in remote and vulnerable communities to access sustainable finance and address extreme plastic leakage into nature and oceans. A core objective of the projects is to improve informal waste collector?s livelihoods. There are approximately 20 million people who collect plastic waste operating around the world – typically 80% women. The projects supported by this bond are being certified under the Verra Plastic Waste Reduction Standard, Verified Carbon Standard and the newly launched Zero Plastic Oceans Plus Social Welfare Certification, which require important social safeguards to be met.
Today an estimated 78 million tonnes of mismanaged plastic waste leaks into ...