The Circulate Initiative’s Annual Report 2024
Published in July 2021
There is an estimated 150 million tons of plastic waste in the ocean today, with another 8 million tons added annually. Research by Ocean Conservancy estimates that a 45% reduction in plastic leakage is possible by investing in waste collection and recycling systems in just 5 countries in Asia. However, several factors are hindering the development of inclusive, sustainable and investible waste management and recycling supply chains in South and Southeast Asia:
- Lack of capital
- Shortage of investible ventures
- Underdeveloped value chains
- Complex policy and regulatory frameworks
- Lack of public awareness and participation
The ecosystem of actors working to address this problem needs access to better knowledge and tools to guide decision-making and investment. The Circulate Initiative is working to fill this gap through the incubation of investible and inclusive solutions, and the generation of insights that help to end the plastic pollution crisis and to advance the circular economy.
The Circulate Initiative has released its 2024 Annual Report providing an update on its full-year progress, accomplishments, and outlook for 2021. Despite the challenges of 2024, we continued to support innovators to source, support, and scale effective solutions that end plastic leakage into the ocean, especially through the work of The Incubation Network and Urban Ocean.
We also leveraged our expertise and network of strategic partners to develop insights on the emerging landscape of plastics claims and credits to help brands, investors and others better evaluate the impact potential and role of these new schemes in the fight to prevent plastic leakage into the environment.
Read the report here: https://d5f869f1-4310-4939-88bb-9d398556b445.filesusr.com/ugd/77554d_091ac9c0ab7d420988c67653944e07bc.pdf
Learn more about The Circulate Initiative here: https://www.thecirculateinitiative.org/