PwC Philippines conducts process audit for the Plastic Credit Exchange (PCEx)

PwC representatives led by Chairman and Senior Partner Alex Cabrera visited a landfill on 19 October as part of PwC’s process audit for the Plastic Credit Exchange (PCEx). 

PCEx Founder Nanette Medved-Po and Sustainable Development Manager Richard de Guzman took the PwC team to GreenCycle Corporation’s landfill in Rodriguez, Rizal. They met GreenCycle’s General Manager Roland Vera Cruz.

GreenCycle is an industrial aggregator that focuses on treating and processing industrial, post-consumer and manufacturing wastes so that it can be disposed of in a most sustainable manner. GreenCycle is one of PCEx’s main partners to achieve plastic neutrality.

PwC recently entered into a cooperation agreement with PCEx. One of the agreed activities is for PwC to assess PCEx’s plastic crediting procedures, identifying areas of improvement and ensuring they consistently adhere to the principles detailed on the Plastic Neutral Pact, the first known open standard for plastic neutrality released by PCEx earlier in the year. 

Members of the PwC team that conducted the site walkthrough were Assurance Partner Corina Molina, Risk Assurance Director Abigail Blanca Pena, Corporate Responsibility Manager Ed Padillo, and Risk Assurance Senior Associate Keith Haiwatha Lugay.

Also on site were representatives of CEMEX Philippines, which is a partner of GreenCycle Corporation. GreenCycle partners with cement plants such as CEMEX to make the treatment process possible, in compliance with government regulations on proper waste management.