ValuCred – Process model in the area of Plastic Credits
ValuCred is a pilot project by Rodiek, Nehlsen, Yunus Environment Hub and BlackForestSolutions to develop a standardised process model (SPM) for the valorisation of Plastic Credits. The SPM supports that waste collectors be properly compensated for their services.The pilot project is funded by the PREVENT Waste Alliance, an initiative of the German Ministry for Economic Cooperation and Development (BMZ).
Digitalisation for more transparency
ValuCred’s specially developed digital solution is used to collect data, for example, to register various waste disposal and recycling companies with ValuCred. Registering with ValuCred creates transparency about the respective organisation, its activities and costs in the area of waste management.
In addition to the digital interface of ValuCred, the web-based solution of the start-up Cleanhub is used in the pilot project. All operational data on waste collection volumes and waste types as well as the tracking of material flows along the value chain are collected by Cleanhub and then transmitted to ValuCred.
ValuCred test phase in 4 countries
The digital part of the SPM has been successfully tested over the past six months, with four partner organizations in the informal and semi-formal sectors in India, Vietnam, Ghana and Angola. The collection of plastic waste and data about the environmental and social impact after internationally recognized standards and SDG’s is the basis of ValuCred to bring more transparency and accountability to the current Plastic Credit Market. ValuCred’s standard process model serves as connector between stakeholders like informal/semi formal waste collectors, recyclers and formal brands which want to take responsibility for plastic that they bring into a specific national market. It should ensure increased co-financing from plastic producers and distributors. The ValuCred consortium intends to take the next steps and establish a Quality Label for Plastic Credits in an upscaling project and understands these efforts as the transition toward operational EPR standards.
For interested parties in participating in a Quality Label approach please contact email@example.com
Our pitch presentation: file