In episode 3 Andrew talks to David Katz, founder and CEO of The Plastic Bank, about conscious capitalism and turning ocean plastic into money - his for-profit solution to plastic waste and poverty.

The Plastic Bank is a global network of micro recycling markets that empower the poor to transcend poverty by cleaning the environment. By reframing the problem of ocean plastic as an opportunity to create abundance for everyone, The Plastic Bank is clearing our seas of harmful plastic, turning it into money for the people who collect it, and recycling collected material into the global manufacturing supply chain. Partners include IBM, Shell Energy, SC Johnson, Aldi, Henkel and more.

David Katz is its visionary founder: “The duty of a CEO to ensure that shareholders win at the expense of others has to change. We’re here now because of a win-lose philosophy. Win win or no deal is a regenerative idea. How might we get to a place where everything we buy helps society, helps the environment, helps the Earth?”

David talks to Andrew about having an abundance mindset, hiring for vulnerability and why profit does not need to come at the expense of people or planet.

Featuring:

Dr Andrew White, Senior Fellow of Management Practice, Saïd Business School, University of Oxford.

David Katz (@DavidKatzPB), founder and CEO of The Plastic Bank.

https://www.sbs.ox.ac.uk/

Produced by Eve Streeter for Stabl

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