Page 48 - EXIM_AR2021

46 ENSURING EXIM BANK MALAYSIA
SUSTAINABILITY

OUR CORPORATE SOCIAL RESPONSIBILITY JOURNEY

CRUSHING THE CHALLENGE OF PLASTIC Through this collaboration, EXIM Bank became the first financial
RECYCLING institution to join the Kloth Circular Plastic Recycling Movement
(“KCPRM”) and adopt the disruptive Reverse Vending Machine (“RVM”),
Hot on the heels of the 2020 Fabric Recycling also known as Crush-It by Kloth Lifestyle.
Campaign, EXIM Bank extended this dynamic
partnership by joining hands once again with Kloth The RVM accepts both plastic bottles and aluminium cans for recycling
Malaysia to promote its CSR campaign themed and has a mechanical press to flatten the items, which allows for
‘CRUSH-It Recycling Plastic Bottles — Keeping Plastic more recyclables to be collected in one bag. These can then be easily
Out of Landfills and Oceans’. processed into pellets and flakes and used to make new products by
licensed recyclers. Plastic pellets are used to make plastic bottles
The cause was deemed crucial as in 2020, Malaysia and other packaging, while plastic flakes are used to make plastic
was listed by the World Wildlife Foundation (“WWF”) straps, cushions, and toy stuffing. These items will then be sold in the
as one of the largest consumers of plastic packaging, marketplace, and this whole process creates a sustainable circular
with only 15% of its plastic waste being safely disposed. economy. The crushing of the bottles also results in a lesser number
According to SWCorp 2019 data, plastic waste of trips and transportation costs for recyclable waste collectors, thus, a
accounted for 24.8% of the total waste in the country’s minimised carbon footprint for all.
landfills, with more
ending up elsewhere Further, the RVM is designed with a drop
on land, rivers and box for depositors to put in bottle caps,
oceans. and a collection rack for used plastic cups
and cup covers. This provides a one-stop
convenience and an efficient solution to
collect all types of plastic beverage
packaging. It also provides a display
panel that can be used for advertising or
education and awareness.