Evolving forimpact
Progress Report 2024
impactmetricsat aglance
The impact of our projects around the world continues to grow.
In 2024, our direct footprint continued to increase in terms of tonnage of plastic waste our projects collected and recycled, the number of people we reached through education programmes, and the finance we leveraged from other parties. In parallel, we remain committed to further strengthening our independent assurance process, so that the metrics we report are accurate, robust, and compliant with international standards.
This is vital for instilling trust in our work and fostering informed dialogue in pursuit of the Alliance’s mission.
Our Impact Metrics Framework outlines the guiding principles that we report against. It sets out the data and metrics that underpin the material topics stemming from our mission: Enable the Ecosystem; Mobilise Capital; Reduce Unmanaged Waste; Capture Value from Waste; Create Social Benefit; Mitigate Climate Change; and Develop Solution Models. Since 2022, our assurance provider, DNV, has supported us in assessing the assurance-readiness of our metrics in line with the global assurance standard ISAE 3000.
focus for our work - India, South Africa and Indonesia - it is possible that the rate of increase in direct impact will slow or level off. That is to be expected. Plastic tonnage remains an important impact measure for our programs but to effect change at greater scale other metrics will become more crucial. One thing that is already clear is that our Mobilise Capital metric is set to become more important as we operate at greater scale through our country programmes, supported by Development Finance Institutions and other financial institutions.
Solution Accelerator Fund
Cumulative Impact since 2019
Projects demonstrating Solution Models
Tonnes of value captured from plastic waste, primarily through recycling.
US dollars of total revenue collected
Tonnes of unmanaged plastic waste reduced.
Participants reached through education programmes.
US dollars has been allocated to mission-related activities.
Solution Accelerator Fund
Impact in 2023
Organisations the Alliance has actively engaged to enable system change, finance and/or develop and implement our projects and broader initiatives.
Informal waste workers with improved income, working conditions and/or social benefits.
Net increase in formal jobs.
Catalysed Capital
Cumulative Since 2019
US dollars of funding commitments by other parties and impact investors.
US dollars of catalysed funding commitments that have been allocated to mission-related activities.
Jim Fitterling
Chair of the board, alliance to end plastic waste Chair and chief executive officer, dow
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Jacob Duer
President & Chief executive officer
Last year, we took the decision to refresh our strategy.
Our role as a global laboratory developing new technologies, business models and solutions for ending plastic waste leakage in the environment has yielded significant progress and will not alter. Nor will our mission to create a global circular economy for plastic through systems change. But building on the knowledge and experience we’ve gained from projects around the world, we see an opportunity to accelerate our impact.
The evolution of our strategy didn’t happen on a whim. It was undertaken in close consultation with our members and with input from our strategic partners and the projects we sponsor. The result is the answer to a simple question:
How can we evolve for greater impact, while holding to our core purpose and mission?
The short answer is by scaling up. Our future programming will be on a much larger scale than the projects the Alliance has funded previously. Programme design will fall into two categories, country-specific or thematic, with funding weighted towards emerging and developing countries. This represents the logical next step in our evolution.
The envisaged country programmes will be large-scale efforts aligned with national priorities to tackle the integrated system change needed to decrease plastic pollution and increase recycling rates. They will support each country to move up the cycling maturity curve and address the market gaps that are currently acting as a roadblock to achieving plastics circularity.
Three country programmes were approved in December — Indonesia, South Africa and India — along with one thematic programme focussed on flexibles. Others will follow, but these were chosen in part because of their potential for impact, but also because of the expertise and experience we have gained from existing projects and solution models.
Developingandtestingsolutions
Catalysing Capital
The global plastic waste crisis demands urgent and substantial financial investment, with some estimates suggesting a need for US$2.1 trillion by 2040. While innovative solutions to address plastic leakage exists, many operate at the frontier of what is possible, making it difficult for them to obtain capital through traditional investment channels. The risk-return profile of many plastic waste mitigation initiatives makes them less attractive to conventional investors. These projects often involve emerging technologies, nascent business models, or unproven market applications, increasing perceived financial risk. Without sufficient funding, promising innovations struggle to move from concept to commercial viability, limiting their potential to create lasting impact.
The Alliance is committed to bridging this gap by championing innovative financing mechanisms that unlock the necessary capital to scale solutions and drive systems change.
Blended finance as a catalyst
Blended finance as a catalyst The Alliance advocates for innovative financing models that align with the complexity of the plastic waste challenge. One key approach is blended finance, which strategically combines concessional capital from governments, multilateral development organisations, development finance institutions (DFIs), and philanthropic entities with private sector investments.
Blended finance plays a crucial role in mitigating risk and improving the financial viability of projects that deliver significant social and environmental benefits but might otherwise be overlooked by traditional investors. By carefully structuring diverse funding sources, this approach can generate a multiplier effect, mobilising increasing amounts of capital into critical sustainability initiatives and expanding market participation where conventional financing is scarce.
Enabling the ecosystem.
The transition from a take-make-dispose economy for plastic to one with circularity atits core requires complex shifts that no one actor can accomplish alone. This requires, collective endeavour, which the Alliance seeks to facilitate through the dualroles of catalyst and convenor. We identify, innovate, and iterate scalable solutions tospeed up their adoption. To do that, we bring together viewpoints from businesses,governments, municipalities, related public agencies, multilateral organisations, Producer Responsibility Organisations, trade associations, academic institutions,communities, the informal sector, and NGOs from around the globe to facilitate theflow of ideas.
As an independent non-profit organisation with members from across the plastic value chain, we apply a global perspective to facilitate information flow between different actors, serving as a conduit for expertise and on-the-ground experience across global borders. In 2024, we engaged with XXX organisations, directly as well as through our network of project partners, strategic allies and supporters to advance our mission. Through our behaviour-change and education programmes that are developed with the support of our partners, we reached XXXXXX members of the public in 2024.
Beyond broader education, an important forum for high-level engagement are the variety of international meetings that bring together global stakeholders with a shared ambition to end plastic waste. In 2024, these included Climate Week; the Basel, Rotterdam and Stockholm Convention meetings; the UN Framework Convention on Climate Change (UNFCCC) COP29 in Baku, Azerbaijan; the International Negotiating Committee (INC) on Plastic Pollution meetings in Ottawa, Canada and Busan, South Korea.
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Chair’s message
Jim Fitterling
Chair of the board, alliance to end plastic waste
Chair and chief executive officer, dow
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CEOs message
Jacob Duer
President & Chief executive officer
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