Glossary

ClimeCo Partners with Conceptos Plásticos to Develop A Global Plastic Credit Project

ClimeCo Partners with Conceptos Plásticos to Develop A Global Plastic Credit Project

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CONTACT
Nancy Marshall, Vice President, Marketing
484.415.7603 or nmarshall@climeco.com 

ClimeCo Partners with Conceptos Plásticos to Develop A Global Plastic Credit Project

School made from recycled plastic construction bricks

ClimeCo has launched its Plastic Credit Program to partner with companies worldwide to develop projects to scale the recovery and recycling of ocean bound plastics. These projects generate plastic credits to provide supporting companies with a structured, verified solution to help address their plastic footprint and sustainability program communications. 

The Project

The Women and Young empowerment (WaY) project is an initiative from Conceptos Plásticos; a Colombian company focused on the circular economy with environmental, social, and economic impact. The WaY project is recovering post-consumer, non-recyclable, ocean bound plastic waste in Cote d’Ivoire. The project’s operations remove plastic waste that would otherwise remain in the environment and give it a productive next life. The recovered plastic waste is repurposed in Conceptos Plásticos’ facility to produce construction bricks. The project will implement a plastic economic value model that can be expanded to other African countries and beyond through this recovery and repurposing process. 

The WaY project is partnered with UNICEF (United Nations Children’s Emergency Fund) to build schools from the recycled bricks. These schools are constructed in areas lacking sufficient educational facilities and capacity. Every classroom built uses almost 7 tonnes of recovered plastic waste.  UNICEF has the goal to build up to 600 new classrooms in Cote d’Ivoire in 2022.

The project gives women participating in The WaY Methodology employment opportunities and a new source of income. Women collectors bring in collected plastic waste to be recycled in exchange for compensation and benefits such as health insurance. The project empowers women collectors with increased income, recycling industry labor rights, environmental practices, and child education.  Click here to learn more about the project’s social and environmental impacts.

The WaY Project employees at recycling facility

Support Plastic Waste Projects

ClimeCo works closely with project developers to help find support through the purchase of plastic credits.  The credit mechanism provides funding for these projects to expand their geography, collector workforce, and recycling facility capacity. ClimeCo partners with projects like The WaY and developers like Conceptos Plásticos to help clients with their plastic sustainability goals, including how best to support environmental plastic removal, develop recycling projects, and implement credits as part of an overall corporate plastic waste reduction effort.  

For more information about plastic credits or how your organization can support ocean-bound plastic removal, please email Chris Parker, ClimeCo’s Director of Plastic Credits at cparker@climeco.com.

About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complimenting these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.

What Are Sustainable Development Goals and How Can You Assess Their Impact?

What Are Sustainable Development Goals and How Can You Assess Their Impact?

What Are Sustainable Development Goals and How Can You Assess Their Impact?


by: Stephanie Hefelfinger and Rebecca Stoops | January 19, 2022

The WaY Project - Women with health insurance

Sustainable Development Goals (SDGs) are a popular topic worldwide, and you’ve probably seen organizations displaying their SDG contributions with these colorful icons. How are they justifying their SDG claims? How can you feel confident when purchasing credits, and what are the levels of assurance for SDG claims? What tools do professionals use to analyze their projects? 

What are SDGs?

The SDGs are 17 key issues that projects, businesses, and governments must target to improve the world by 2030. They were created by the United Nations (UN) Development Program and include targets like No Poverty, Responsible Consumption and Production, and Clean Water and Sanitation.  

Sustainable Development Goals - SDGs interconnect together

This diagram shows how all SDGs are interlinked and depend on each other. Image source: How food connects all the SDGs – Stockholm Resilience Centre 

Case Study of The WaY Project and Available SDG Tools 

In the voluntary credit market, plastic credits have been established to represent 1 metric ton of plastic waste collected from the environment. Projects like this can also offer other benefits that improve the community’s well-being and the environment – these benefits can align with the Sustainable Development Goals. 

The WaY (Women and Youth) plastic collection project in Cote d’Ivoire, developed by Conceptos Plásticos, collects plastic waste that would have otherwise been left in the environment. The plastic is turned into construction bricks, which are used to build schools for local communities. The project focuses on hiring women to increase empowerment and economic opportunities for a heavily underserved population. ClimeCo is partnering with the WaY Project to generate plastic credits from its plastic collection activities.  

It is essential for an organization to provide a good faith effort when presenting their SDG impact claims. When purchasing credits from a project with these claims, we highly recommend that you contact them and ask what steps they took to assess their SDG impact. To help you with this, let us walk you through the public SDG tools we used to determine our project’s biggest SDG benefits.  

The Tools

The SDG Impact Assessment Manager Tool is a free resource developed by the UN Global Compact and B Lab. The SDG Impact Assessment Manager Tool measures a project’s current impact and helps identify which SDGs have the greatest opportunity for improvement, with straightforward suggestions for actual changes. Think of this as an SDG personality quiz for a project.   

This is an example of a question from SDG 10 – Reduced Inequalities, as well as SDG 8 – Decent Work and Economic Growth: 

SDG Impact Assessment Question Example

The SDG Compass was developed by the UN Global Compact, the World Business Council for Sustainable Development (WBCSD), and the Global Reporting Initiative (GRI). Since the UN developed the SDGs at an international and country level, it can be hard to understand how they relate to smallerscale projects. This tool translates each SDG and all the targets into manageable and realistic goals that a project can achieve. The SDG Compass recommends prioritizing SDGs that could potentially affect human rights.  

The Outcome of Our Efforts 

We started with the SDG Impact Assessment Manager ToolThis requires the completion of 15-30 questions for each SDG, which usually takes a few hours to completeThe higher the score percentage (see below), the higher the impact on the goal. While The WaY Project has a positive effect on many SDGs, the results of this tool demonstrate that the largest impact is on SDGs 1, 4, 5, 9, and 10.  

The WaY Project's SDGs Impact Assessment

Next, we used the SDG Compass to study each SDG in greater detailThis explains how our project intends to actively meet the relevant SDGs. 

SDG Compass - How our project intends to actively meet the relevant SDGs.

Next, we created a diagram to see what parts of our project are directly quantifiable and measurable. All impacts are important, but its easier to prove and certify measurable impacts. Gold Standard recommends this step through their tool.

Gold Standard Tool - prove and certify quantifiable and measurable impacts.

Leveraging all three tools, we can see where our project has the biggest impactWe’ve also determined where we can improve. For example, The WaY project should continue encouraging women to use the provided Proper Protective Equipment (PPE) and work with the women to choose improved PPE offerings that fit their cultural attire 

Côte d'Ivoire - The WaY Project

Conclusion 

For those who want greater assurance on SDG claims, there are several credit registries that offer credits with SDG impacts that a 3rd party has verified – Gold Standardthe American Carbon Registrythe Climate Action Reserve, and Verra. At ClimeCo, we want clients to feel confident in our projects and their SDG claimsWe are here to educate and be a resource for understanding SDG claims, finding the right projects for clients’ ESG goals, and helping new projects develop their SDG claims. Feel free to reach out to us if you have any questions; we are happy to help.

ClimeCo - SDGs certified under Gold Standard

This is an example of certified SDGs from a project listed under Gold Standard’s registry. 


About the Author

Rebecca Stoops is a Project Manager at ClimeCo, focusing on plastic credit projects and refrigerant projects for carbon credits. She enjoys hiking, the great outdoors, and cleaning up nature by picking up trash. Stephanie Hefelfinger is a Project Associate at ClimeCo, focusing on plastic credit projects and livestock and composting projects for carbon credits. She enjoys hunting for pretty rocksThey both enjoy getting into the nittygritty details of projects to learn how they operate and their positive impacts on the environment.