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- #2 GKC | ♻️ $$ For Plastics 🔋 Indonesia’s EV battery plan?
#2 GKC | ♻️ $$ For Plastics 🔋 Indonesia’s EV battery plan?
Reducing plastic waste with discount incentives. Does it work?
Nelson Ng & Denada Permatasari
July 01, 2024 • Est. Reading Time: 4 minutes
Happy Monday! Did anyone else also spent the last weekend just at home?
We're now at 68 members! Closer to unlocking the first GOOD Karma Club Challenge 💪 (Scroll down to know what's this challenge all about!)
This week, we’ve some GOOD stuff on:
♻️ The Story of Buzz: Solving the plastic waste issue with discount incentives
🔋Indonesia's big bet to be the world's EV battery supplier. Is it happening?
💰 Mentorships and funding opportunities for SEA Impact Founders
🤝 Connect with Impact Investors in SEA
💡 GOOD Story
🇲🇾 Buzz (formerly Beebag): Solving Plastic Waste with Discounts from your Favourite Stores!
According to WWF Malaysia in 2020, Malaysia generates about 1M+ tonnes of post-consumer plastic waste annually. If not worse, 80% of Malaysians still don’t use reusable bags and rely on plastic bags.
Finding this to be a painful problem, brothers Joel Lim and Joshua Lim started Buzz (Formerly Beebag), a retail technology startup that encourages people to use reusable bags via gamification and incentives.
What I find different and exciting about this initiative compared to others with the same “reduce single-use plastic” objective is the financial incentives involved!
Users can scan their receipts from selected partner shops into the Beebag app and receive shop discounts, giftcards, and better cashback rates… and even just reusing their Beebag Smart Bag can also get people these benefits!
The sad truth is that many people are just too used with single-use plastic and they don’t care enough about the environmental harm to change their habit.
That’s why bringing in financial incentives for people is a smart and savvy move, oftentimes the last missing puzzle piece in so many similar types of initiatives!
Buzz is in 6000+ stores in Malaysia, including 7 Eleven, Jaya Grocers. Use Buzz for your next grocery shopping, get cashbacks while saving our Earth!
🎉 GOOD News
💡News | TH Carbonwize formed partnership with the Stock Exchange of Thailand to launch a carbon management platform for 840 listed companies.
💡Trend | ID Significant increase in FDI into Indonesia is good for their EV battery spotlight in the global supply chain.
💡Big Read | Will Singapore meet its 30% by 2030 food sustainability goal?
🏆 GOOD Opportunities
🚀 Fellowship | Community Engagement Exchange Program | Due 2 Jul
🚀 Competition | Techstyle Global Innovation Challenge | Due 15 Jul
🚀 Program | UOB Sustainability Innovation Programme | Due 5 Aug
💁♀️💁♂️ GOOD People
🙋♂️ Nicole Castiglione | Managing Partner, Bali Investments Club
🙋♂️ Yu Xiang Kok | Investment Manager, Schneider Electric
🙋♂️ Karén Vardanyan | Co-Executive Director, Creatella Impact
For daily insights, follow me on LinkedIn.
If you like what you read, invite your friends to join GOOD Karma Club! Let's unlock our 100 members challenge! 😇
DO GOOD, BE GOOD
Nelson from GOOD Karma Club
GOOD Karma Club Challenge to unlock more resources! 👇
🏆 100 members = Impact Opportunities Database (Coming up SOON!)
🏆🏆 500 members = GOOD Karma Club Meet Up
🏆🏆🏆 1k members = GOOD Karma Club Merch Giveaway
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