NextWave Member companies are establishing ocean-bound plastics as a commodity to decrease the volume of plastic waste before it enters the ocean. Together, we are creating environmental and social benefit in priority areas through creating the first global network of ocean-bound plastics suppliers.
Member companies are also raising awareness amongst the global manufacturing community that ocean-bound plastics carry a commercial value. Through our principles of open-source collaboration, NextWave Members are demonstrating to other manufacturers how to benefit from this new resource.
NextWave Member companies are committed to having maximum impact today and currently are on track, in alignment with UN SDG 14.1, to have diverted a minimum of 25,000 tonnes of plastics, the equivalent to 1.2 billion single-use plastic water bottles, from entering the ocean by the end of the year 2025. There is currently more than 86 million tonnes of plastic in our ocean. And each year, up to 12 million tonnes of new plastic will enter the ocean. Given this crisis, NextWave Members are continually looking for ways to have more impact.
NextWave has been noted as a 2018 Fast Company World Changing Idea and was recognized on October 20, 2018, as the winner of the P4G 2018 Circular Economy Award sponsored by the Danish Government for its commitment to the significant reduction of ocean-bound plastics. NextWave’s collaboration across and within industries, and their partnership with governments and NGOs, is a key feature of this recognition.