For Immediate Release, San Diego, CA | November 25, 2020
COSMO Goes Plastic Neutral to Combat Ocean Plastic Epidemic
California-based COSMO Technologies (a family safety and communications company), is now certified Plastic Neutral. The company has partnered with rePurpose Global to fund the collection, processing, and reuse of as much ocean-bound plastic waste as it uses across its packaging and operations. By taking this bold commitment, every COSMO purchase will now carry a Net Zero Plastic Footprint.
By donating a percentage of every product purchase to plastic reduction efforts, COSMO is enabling the removal of low-value plastic waste otherwise land filled, burned, or flushed into the oceans every year. Through its partnership with rePurpose Global, the company is supporting vetted waste management social enterprises in Kenya to collect and process hard-to-recycle waste streams otherwise too low value to be reclaimed from the environment, such as chocolate wrappers, chips packets and similar flexible packaging items.
By going Plastic Neutral, COSMO is not only tackling a $50bn/yr funding gap that plagues recycling supply chains worldwide, but is also adding a crucial income stream for over hundreds of waste pickers and their families. Today,informal waste workers often earn less than $5/day, work in precarious conditions, and face severe discrimination despite providing a crucial societal service for cities across the developing world. Through this initiative, the company is boosting these waste workers’ income by attaching value to hard-to-recycle plastics, while supporting experienced recycling social enterprises who holistically uplift ex-waste pickers through occupational safety, health insurance, and skills training.
As a prominent player in the family technology sector, COSMO recognizes the grave threat that plastic pollution poses to the future of our planet and is planning to take further action against this epidemic. “We understand as a company the impact our operations can have on plastic being disbursed into the environment and decided our social responsibility required us to do something about it,”said COSMO founder and CEO Russell York. “This is our first step in guaranteeing a better world for our kids but it will not be the last.”
“Our mission has always been to offer our customers essential products and services that improve their safety and well being. But our mission doesn’t end there. We truly believe in the power of brands to affect long-lasting change.” said York.
“Planetary protection is at the core of COSMO. It’s so refreshing to see them push the boundaries on tackling the plastic waste problem. Forward-thinking brands like COSMO are the need of the hour. We hope this pioneering move pushes more brands to take responsibility for their own plastic waste,” said Aditya Siroya, co-founder and Chief Impact Officer of rePurpose Global, the world’s first Plastic Credit Platform helping people and companies take genuine climate action by financing the removal and recycling of ocean-bound plastic waste worldwide. The social enterprise co-designs and executes waste management and economic empowerment projects in collaboration with its global network of impact partners across 3 continents and 7 countries, such as India, Indonesia, Kenya, Sri Lanka, and Colombia.
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