As a plastic manufacturer in the UK, you know that the plastic industry is facing increasing pressure to reduce its environmental impact. Governments and consumers are demanding more sustainable practices, and investors are increasingly looking for companies that prioritize environmental, social, and governance (ESG) issues.

One way that plastic manufacturers can address these concerns and position themselves for long-term success is by investing in plastic credits. Plastic credits are a form of currency that can be traded and used to offset the environmental impact of various activities, such as the use of fossil fuel feedstocks in plastic production or the lack of recycling infrastructure.

Here are the top five reasons why UK plastic manufacturers should consider investing in plastic credits:

1. Compliance with regulations: The UK government has set ambitious targets for reducing carbon emissions and promoting sustainability, and the plastic industry is no exception. One way that plastic manufacturers can meet these targets is by purchasing plastic credits to offset their emissions. In addition, the UK's Climate Change Agreements (CCAs) program offers financial incentives, such as a reduction in the Climate Change Levy (CCL) tax on energy bills, for companies in certain energy-intensive sectors that meet energy efficiency and carbon reduction targets. By investing in plastic credits, your company can demonstrate its commitment to sustainability and potentially earn these incentives.
2. Reputation management: Consumers and investors are increasingly looking for companies that prioritize ESG issues, and the plastic industry is no exception. By investing in plastic credits, your company can demonstrate its commitment to sustainability and improve its reputation with customers, investors, and other stakeholders. This can be especially important in the UK, where consumers and investors are generally more environmentally conscious than in other parts of the world.
3. Cost savings: Investing in plastic credits can be more cost-effective than investing in expensive equipment or processes to reduce plastic use in-house. For example, rather than investing in new machinery to reduce energy use or switching to more expensive feedstocks, your company can offset its emissions by purchasing plastic credits. This can be especially useful for small and medium-sized enterprises that may not have the resources to invest in large-scale sustainability initiatives.
4. Access to new markets: Some companies or organizations may require suppliers to demonstrate their commitment to sustainability in order to do business with them. By investing in plastic credits, your company can show that it is committed to reducing its environmental impact and potentially access new markets that may be closed off to less sustainable competitors.
5. Potential return on investment: Changeblock, a leading provider of plastic credits, offers credits at a discounted rate. This means that your company can potentially earn a return on investment by purchasing credits at a discount and then selling them at market rate. In addition, the market for plastic credits is expected to grow in the coming years as demand for sustainability increases, which could lead to further appreciation in the value of your credits.

Reducing the Climate Change Levy (CCL Tax) 

In order for plastic credits to qualify for a reduction in the Climate Change Levy (CCL) tax under the UK's Climate Change Agreements (CCAs) program, they must meet certain criteria.

First, the credits must be verified by an approved verification body, such as the Carbon Trust or the Verified Carbon Standard. This helps ensure that the credits represent genuine emissions reductions.

Second, the credits must be from a project that reduces greenhouse gas emissions. This could include projects that reduce the use of fossil fuel feedstocks in the production of plastics, increase the recycling of plastics, or adopt more sustainable production processes for plastics.

Finally, the credits must be retired after they are used to offset emissions. This means that they cannot be used to offset emissions again in the future.

It is worth noting that the specific criteria for qualifying plastic credits for a reduction in the CCL tax may vary depending on the specific terms of the CCAs program and the specific project in question.

What are the approved standards?

In the UK, there are several approved verification bodies that can verify plastic credits for the purpose of obtaining a reduction in the Climate Change Levy (CCL) tax under the Climate Change Agreements (CCAs) program:

1. The Carbon Trust: The Carbon Trust is an independent certification company that works with organizations to measure, reduce, and offset their carbon emissions. It offers a range of carbon offset standards, including the Carbon Trust Standard for Carbon Offsetting, which certifies the quality of carbon offset projects and the associated carbon credits.
2. The Verified Carbon Standard (VCS): The VCS is a global standard for independently verifying and certifying carbon credits. It is designed to ensure that carbon credits represent genuine, permanent, and verifiable emissions reductions.
3. The Gold Standard: The Gold Standard is a global standard for independently verifying the environmental and social impacts of carbon offset projects. It offers a range of certification options, including the Gold Standard for the Global Goals, which is designed to help organizations contribute to the United Nations Sustainable Development Goals (SDGs).
4. The Plan Vivo Standard: The Plan Vivo Standard is a global standard for certifying carbon offset projects that also contribute to sustainable development. It is designed to ensure that carbon offset projects deliver measurable, additional, and permanent benefits to local communities.

Changeblock develops and provides plastic credits that are suitable for CCL tax reductions

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Changeblock develops and provides plastic credits that are suitable for CCL tax reductions; it is worth noting that the list of approved verification bodies for the CCAs program may vary depending on the specific terms of the program and the specific project in question.

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With Changeblock you can sell your credits if the price goes up

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How to buy plastic credits with Changeblock?

1. Identify your plastic usage and waste generation.
2. Determine how many plastic credits you need to offset this impact.
3. Browse the available plastic credits on changeblock and select the ones that meet your needs and preferences.
4. Review the details and terms of the selected credits.
5. Confirm availability on Changeblock, and discuss any questions or concerns you may have.
6. Complete the purchase and receive the plastic credits.
7. Optionally sell your credits on changeblock for a profit if their price goes up.
8. Use the plastic credits to offset your plastic impact and demonstrate your commitment to sustainability.

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In summary, the reasons UK plastic manufacturers should buy Plastic Credits with Changeblock

1. Compliance with regulations: Buying plastic credits through Changeblock can help your company meet regulatory requirements and earn financial incentives, such as a reduction in the Climate Change Levy (CCL) tax under the UK's Climate Change Agreements (CCAs) program.
2. Reputation management: By purchasing plastic credits, your company can demonstrate its commitment to sustainability and improve its reputation with consumers, investors, and other stakeholders.
3. Cost savings: Buying plastic credits through Changeblock may be more cost-effective than investing in expensive equipment or processes to reduce plastic use in-house.
4. Access to new markets: Some companies or organizations may require suppliers to demonstrate their commitment to sustainability in order to do business with them. Buying plastic credits through Changeblock could be a way for your company to meet these requirements and access new markets.
5. Potential return on investment: Changeblock offers plastic credits at a discounted rate, which means that your company can potentially earn a return on investment by purchasing credits at a discount and then selling them at market rate.
6. Verified credits: Changeblock works with approved verification bodies, such as the Carbon Trust, the Verified Carbon Standard, the Gold Standard, and the Plan Vivo Standard, to ensure that the plastic credits we offer are of the highest quality and represent genuine emissions reductions.

By purchasing plastic credits through Changeblock, your company can make a positive contribution to the transition towards a more sustainable future, while also potentially earning a return on investment and meeting regulatory requirements.

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Enquire now - email: [email protected]