Who We Are
Plastic Credit Exchange (PCEx) is a non-profit organization that partners with sustainability-conscious businesses around the globe to responsibly offset their plastic footprint, and reduce the flow of plastic waste into our landfills and oceans.
PCEx has built a wide ecosystem of collaborators that recover, process and recycle plastic waste, and continuously seeks out the most environmentally sound solutions to plastic waste reduction. PCEx supports environmental protection with programs that improve livelihoods.
Issues we’re tackling
The Plastic Credit Exchange Story
The story of the Plastic Credit Exchange began in the Philippine bottled water space under the brand Hope in a Bottle. HOPE commits 100% of its profit to the building of public school classrooms, in partnership with the Department of Education, and is the Philippines' first B Corp.
Not wanting to help solve one problem in education just to create another in the environment, HOPE embarked on finding a plastic neutral solution for its business. After bumping up against the various challenges confronting the space domestically, we found that taking our plastic footprint from post consumer sources and having environmentally compliant coprocessors use it as alternative fuel was the most practical, sustainable and scalable solution we could find.
Realizing that a small player in a low margin business could afford to be responsible for 100% of its plastic footprint through this process, we decided to share it publicly in case we could help other companies find their own paths to neutrality. The interest was immediate and overwhelming, prompting HOPE to establish an Exchange that would allow any company from anywhere to participate in being environmentally responsible by offsetting their own plastic footprints.
A calling that hits close to home
At PCEx, we understand the challenge of plastic waste. The Philippines produces over 2 million metric tons of plastic waste each year - 83% of this plastic is mismanaged, landing in dumps or open, uncontrolled landfills. As concerned citizens, we see this plastic waste impact our waterways, our streets, our environment, and our health. With over 7,107 islands and more than 18,000 km of coastline, we also see this plastic waste end up in our oceans.
According to a 2015 report by ScienceMag.org, the Philippines is the third largest contributor to ocean plastic in the world. As a team, we are passionately committed to reducing plastic for our country and for the world.
Following the success and learnings that allowed Hope in a Bottle to be Plastic Neutral, the Plastic Credit Exchange (PCEx) was founded as a non-profit with the vision to replicate the concept of a "carbon credit" for plastic. Our goal is to build a rigorous, ethical, environmentally-sound marketplace that enables companies to purchase certified plastic credits to offset the plastic waste they cannot eliminate from their packaging and the plastic waste they've already put out into the world. This marketplace will be judiciously monitored by a board of trustees with backgrounds in environmental research, management and policy.