Waste Capital Partners
Waste Capital Partners
Changing the paradigm of collect and dump garbage practices in India.
BCTA MEMBERSHIP STATUS
Alumni
SECTOR
Energy & Utilities
HEADQUARTERS
India
REGION OF INITIATIVE
Asia & Pacific
SDG CONTRIBUTION
RELATED NEWS
In India, rural and urban areas produce significant levels of waste and hazardous materials, with only an estimated 50 percent properly collected in accordance with health and safety standards leading increasingly to vector-borne illnesses and contaminated ground water.
Waste Capital Partners is piloting a progressive model for waste disposal in emerging-market cities while disseminating the model through its nonprofit social enterprise, Waste Ventures, based in Vizag.
As part of its commitment to BCtA, Waste Ventures will employ 10,000 formerly-independent waste pickers as collectors, composters, and recyclers by 2017. The company also plans to offset 200,000 tonnes of carbon dioxide over the next five years. Already, the company has instituted an Employee State Insurance and Provident Fund for its employed waste pickers along with opening up individual bank accounts.
By using a thermophilic composting technique, Waste Capital Partners also eliminates methane gas that according to them is 24 times as harmful to the atmosphere as carbon dioxide and prevents it from forming in rotting waste.