Arowana Impact Capital
Green Antz (GA), the initial investment of Arowana Impact Capital, has teamed up with Philippine-based telecommunications company Globe Telecom to raise awareness on the importance of upcycling and proper waste management.
Under the year-long partnership, Green Antz and Globe will ensure that all single-use plastic (SUP) wastes in the telecom giant’s quarters are disposed of appropriately. GA will be responsible for collecting the wastes and transporting them to its Bulacan facility for processing.
Since the start of the SUP collection in July, Green Antz’s distribution partners have gathered more than 36,000 pieces of stone papers and tarpaulins from different sites across Manila and Central Luzon. The total weight of the SUPs collected was about 3,520 kilograms.
GA will process the SUPs and convert them into an estimated 80,000 eco-bricks or 32,000 eco-casts. These construction materials can be used to build schools and gardens in the country.
With the successful pilot implementation of the project, GA and Globe are planning to increase the number of partner distributors across the Philippines in 2023.
Yoly Crisanto, Chief Sustainability Officer and SVP for Corporate Communications at Globe, said: “Globe recognizes that mitigating the proliferation of single-use plastics cannot be done by one organization alone. So, we make sure that the responsibility of environmental stewardship also involves its value chain such as existing distribution partners for the proper collection, transport, and processing of plastic wastes.”
Romel Benig, President and Chief Executive Officer of Green Antz Builders, Inc., said: “We are excited about this partnership with Globe as we can create more impact and awareness together. Green Antz is grateful for this milestone which will pave the way for a greener future. Thank you, Globe, for the trust and we are looking forward to more collaborations as we jointly clean up the Philippines – one brick at a time.”
Arowana Impact Capital supports partnerships between organisations that promote the importance of corporate responsibility. These projects help raise the public’s awareness on what meaningful impact investing is all about.