The 3R Initiative is announcing an open call for projects to test the Plastic Recovery and Recycling Project Accounting Standard (Plastic Standard). All eligible plastic recovery and recycling projects are encouraged to apply. Insights, data and information collected from the pilots will help in the development of a reliable and transparent standard. All selected pilot projects will, in turn, benefit from ongoing technical advice from the 3RI over a period of 8 months. The assistance includes technical advice on project development leading to potential participation of the project in the 3R Plastic Standard Verification & Crediting Mechanism (launching in 2021). The pilot projects will also receive substantial marketing exposure that may help attract potential sponsors and investors (through Circular Action Hub).
The pilot projects can be implemented by companies within their value chains or by other parties, such as NGOs, cooperatives and private sector entities, and may include the recovery of recyclable materials, collection of waste from the environment, ocean clean-up initiatives, and recycling activities. By establishing environmental and social safeguards, the Plastic Standard will ensure that recovery and recycling efforts provide sufficient benefits to local economies and create sustainable livelihoods for local communities. The first official draft of the Plastic Standard is currently open for public consultation until 26th April 2020.
The first batch of 3R pilot projects have been developed by the Initiative’s corporate members Nestlé, Danone, Tetra Pak, and Veoliaand are located in Indonesia, Colombia and Vietnam. Additional projects will be selected from the pool of eligible projects that register their interest through Circular Action Hub(a digital platform developed by BVRio). The project registration process starts today. The deadline for applications is 12th April 2020.
For more information, visit https://www.3rinitiative.org/projects.