Wilson Sonsini provides pro bono counsel to Plastic Fischer on environmental, social, and governance (ESG) matters that range from compliance with the EU Taxonomy Regulation (a framework of classification for ESG activities) to contract review and antitrust guidance.
Based in Germany, Plastic Fischer is a social enterprise that collects plastic waste in rivers to prevent it from moving to the ocean. The organization is currently focusing on India and Indonesia. It carries out end-to-end operations, financed per kilogram of river plastic collected, processed, and verified by third parties. Plastic Fischer partners with a variety of companies, including Allianz, Becker, and Knipex.
To finance its operations, Plastic Fischer created “Plastic Credits,” which represent the end-to-end work of collecting and processing one metric ton of River Plastic. Through that model, organizations can finance the verified social and environmental impact that is created by Plastic Fischer and help stop the plastic pollution of the oceans.
The Wilson Sonsini pro bono team advising Plastic Fischer on these initiatives includes Jindrich Kloub, Beau Buffier, Deirdre Carroll, and Laurine Daïnesi Signoret.