ASD granted accreditation to the Impact Investment Network The UK’s leading, innovative recycling company, Advanced Sustainable Developments North West (ASD), have been accredited by the Impact Investment Network– the first operator of the Social Stock Exchange licence.
An impact report outlining the social impact the business will have was approved by the panel on the Social Stock Exchange last week, with accreditation being granted today.
The impact report outlines ways in which ASD will bring impact to the local community and to wider groups including charities and Government bodies. Through their circular economy solution to single plastic recycling, ASD aim to bring positive environmental impact too.
Chief Executive of ASD, Ahmed Detta, says:
‘We are excited to have been granted accreditation to the Impact Investment Network and believe this accreditation underlines the importance of impact in business. This accreditation. by an independent panel. brings confidence to our customers and stakeholders that we are truly an impact business. We urge all businesses to endeavour to achieve impact status.”
Accreditation with the Impact Investment Network means businesses have achieved an international standard of impact and with each business being vetted by an independent panel, it means investors looking for impact businesses can be confident in the process and ultimately the businesses they wish to invest in.
Impact Investment Network welcomes ASD saying, ‘“We are delighted to welcome ASD as an Accredited member of the impact Investment Network. The technology they are introducing to the UK is transformative and will make much needed progress on the battle with plastics both here and across the world. They join a growing network of organisations committed to impact both socially and environmentally and we look forward to working with them in the coming months to secure the capital required to scale this project to achieve maximum impact”
ASD aim to bring their own Recycle and Reward Solution to the region with Recycle Exchange – encouraging the people of the North West to recycle and become engaged with the process providing the ability to track their own waste through the exchange. We will develop an App that allow consumers to obtain either monetary reward for depositing their plastic bottles or donating an amount to a local charity.
ASD’s Recycle and Reward Solution will use innovative technology to recycle PET plastic with a vision to ultimately work along the entire journey of a plastic bottle and food handling packaging – from the distribution centre, to the stores, in the consumers hand, the disposal and ultimately the return of this material to our own processing facilities.
ASD hope to be based at Protos site, the south bank of the Manchester Ship Canal run by specialist UK logistics and industrial property business, Peel Logistics Property.
ASD North West hope this world class sustainable plastic recycling facilities will be operational in 2020 with plans to expand across the UK next year.