Removing Plastic Waste from Rivers
Wilson Sonsini offers pro bono legal support to Plastic Fischer, a German-based social enterprise dedicated to tackling plastic pollution by collecting plastic waste from rivers, primarily in India and Indonesia. Plastic Fischer operates through a comprehensive model, collecting plastic waste, processing it, and verifying its impact with the help of third parties. Partnering with companies like Allianz, Becker, and Knipex, Plastic Fischer finances its operations through “Plastic Credits,” which represent the collection and processing of one metric ton of river plastic. This innovative financing approach allows organizations to support Plastic Fischer’s efforts and combat ocean plastic pollution while also complying with regulations like the EU Taxonomy Regulations.