Governance

The Plastic Waste Reduction Program is managed by Verra with the support of the Plastic Program Advisory Group (PPAG). The PPAG is a multi-stakeholder, cross-sectoral group that helps ensure that the Plastic Program can best meet the needs of the plastic credit market and is well-positioned to enable the delivery of credible plastic waste reduction.

Verra is committed to following ISEAL’s Codes of Good Practice in the ongoing development of the Plastic Program.

Development

The Plastic Program was developed over two years starting in January 2019 with the support of the Plastic Standard Development Committee (PSDC), a multi-stakeholder body (learn more in the Plastic Waste Reduction Standard Terms of Reference).

The PSDC provided key input on strategic issues during the development process. Two public consultations were conducted to obtain vital input on the Plastic Program’s rules and requirements.

The Plastic Standard Assessment Working Group supported the development of assessment (including accreditation) requirements for the Plastic Program. Verra also consulted a group of technical advisors consisting of experts on assessment, project financing and implementation of plastic waste collection and recycling projects on an ad hoc basis for input during the standard development process.

The Plastic Program Advisory Group, formed in July 2021, is a multi-stakeholder, cross-sectoral group that helps ensure that the Plastic Waste Reduction Program (Plastic Program) can best meet the needs of the plastic credit market and is well-positioned to enable the delivery of credible plastic waste reduction. The Terms of Reference for this working group can be found here.

The Plastic Standard was piloted by twenty-four pilot projects. These pilot projects were instrumental in identifying and resolving challenges faced by waste collection and recycling activities in applying the Standard.

The 3R Initiative Steering Committee provided input on circular economy commitments, environmental and social responsibility goals and extended producer responsibility schemes, among other issues, to benefit the development of the Plastic Standard. The 3R (Reduce, Recover, Recycle) Initiative is a collaboration led by Verra and BVRio, together with steering committee members Conservation International, Danone, Lloyd’s Register, McKinsey.org, Natural Capital Partners, Nestlé, South Pole, SYSTEMIQ, Tetra Pak, and Veolia. Each member of the 3R Initiative Steering Committee committed to using and/or supporting projects that use the Plastic Standard.

 

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3R Initiative Members

 

Support for the development of the Plastic Waste Reduction Program was provided by P4G.