THE CRISIS

An individual, a group of individuals, or an organization (government or non-government) who collects post-consumer plastic waste and forwards this to Processors.

Process of quantifying the plastic footprint of a given entity through a third-party independent auditor, using transparent methods that are consistent for all organizations.

A qualified individual or an entity who is tasked to perform an Assessment or process review of any Partner, Aggregators, or Processors.

A plastic credit purchased and assigned to a Sustainability Partner, or credit purchaser, and registered in the public registry.

A declaration by a company regarding their impact - or the amount of plastic they have helped clean up via credit purchases - whether through self-declaration or external party certification.

Refers to the date a certification takes place.

An environmental policy approach in which a producer’s responsibility for a product is extended to the post-consumer stage of a product’s life cycle. An EPR policy is characterized by: a. the shifting of responsibility (physically and/or economically; fully or partially) upstream toward the producer and away from municipalities; and b. the provision of incentives to producers to take into account environmental considerations when designing their products. While other policy instruments tend to target a single point in the chain, EPR seeks to integrate signals related to the environmental characteristics of products and production processes throughout the entire product chain.

Operations that aim to recover plastics via mechanical processes (grinding, washing, separating, drying, re-granulating and compounding), thus producing recyclates that can be converted into plastics products to substitute virgin plastics.

Post-consumer plastic collected within a 50-kilometer distance from the nearest coastlines, which if not recovered, is expected to leak into the oceans.

An environmental asset representing a unit of weight, typically 1,000 kilograms or 1 metric ton, of plastic waste that has been collected and/or processed. Specific definitions of scope are dependent on standards applied to verification. At PCX Markets, each credit is only issued to purchasers once all work is complete, verified through documentation and added to the PCX Markets public registry.

Amount of plastic associated with a business' activities measured in units of mass (kilograms or metric tons) and based on a defined scope. This may include plastic used in the manufacturing, distribution, promotion, and sale of products or services, as well as in general and administrative functions. It may encompass plastic retained within the business, released to the market and still in use, and/or emitted/leaked into the environment, providing an inventory of the business's overall plastic usage.

Any of a group of synthetic or natural organic materials, including resins, resinoids, polymers, cellulose derivatives, casein materials, and proteins.

Plastic waste generated by end-user waste generators such as households, businesses, hotels, restaurants, or similar. This definition excludes ‘post-industrial’ or ‘pre-consumer’ waste produced by factories (i.e. products or packaging that are defective, rejected, returned, or do not meet quality standards). This definition excludes any plastic waste that is classified as hazardous waste by relevant national regulations.

Facility that receives, treats, or converts post-consumer plastic waste into other useful forms through material or energy recovery.

Refers to activities and facilities managed as a single operation that collects and processes post-consumer plastic wastes. This operation may generate plastic credits upon registration and is subject to verification and validation of impact delivered.

May refer to Aggregator, Processors or an entity that covers both collection and processing of the post-consumer plastic.

Any reprocessing of material in a production process that diverts it from the waste stream, except reuse as fuel. Both reprocessing as the same type of product, and for different purposes should be included. Direct recycling within industrial plants at the place of generation should be excluded.

An individual, a group of people or a corporation purchasing plastic credits and/or applying for a certification.

Refers to a third-party organization, independent from PCX Solutions and the Project Partner, that has been approved by PCX Solutions to carry out validation and verification of Projects and their impacts to evaluate conformity with the PPRS.

Independent evaluation conducted by any qualified third-party to check that the quality of input data, plastic footprint assessment, or that the impact delivered is in line with the approach and principles of the approved plastic credit standard.

Refers to a variety of treatment technologies that convert waste to electricity, heat, fuel, or other usable materials, as well as a range of residues including fly ash, sludge, slag, boiler ash, wastewater and emissions, including greenhouse gases.