CooperVision’s Plastic Neutral Contact Lens Program Shows Industry-Best First-Year Results

The equivalent of nearly 28 million plastic bottles diverted from the oceans

SAN RAMON, Calif.,, February 23, 2022 /PRNewswire/ — One year after CooperVision created the first plastic neutral contact lens through an innovative partnership with Plastic Bank®, the program has had a significant environmental and social impact around the world:

CooperVision’s partnership with Plastic Bank has diverted the equivalent of nearly 28 million plastic bottles from the oceans.

  • The equivalent of nearly 28 million plastic bottles have been prevented from polluting the oceans.

  • Collectors representing 171 unique coastal communities have directly benefited from the CooperVision program. These people have traded ocean-bound plastic for necessities such as drinking water, groceries, school fees and even health insurance under the program which emphasizes both on environmental and social impact.1

CooperVision’s partnership with Plastic Bank, a social enterprise that builds ethical recycling ecosystems in coastal communities and reprocesses materials for reintroduction into the global supply chain, is the industry’s largest plastics neutrality initiative. contact lenses. Currently, 18 CooperVision subsidiaries in Europe and North America participate with nine others in Asia, South Americaand Europe should join us this year. With this expanded scale, the program is expected to prevent the equivalent of nearly 90 million plastic bottles from reaching the oceans in 2022, more than three times the amount collected in 2021.

CooperVision’s plastic neutrality initiative, while unprecedented, is one of many steps in the organization’s journey towards ever greater sustainability. The company envisions a world where plastics are used, recovered and reborn in perpetuity responsibly, and takes steps to make it happen.

“We are constantly striving to identify new solutions that not only address key sustainability challenges, but also create new opportunities,” said Dan McBride, Executive Vice President, COO of CooperCompanies. “By re-examining our relationship with plastic, we can help protect the world’s oceans and turn waste into a resource.”

“There is no one-size-fits-all approach that ensures sustainability, so we have to manage the use of plastic on many fronts,” McBride continued. “There is also no finish line, so we invite contact lens wearers and the rest of the eye care industry to join us.”

1 27,551,500 bottles avoided; 551,030 kg extracted; 171 communities impacted; 1,421 people impacted. “The impact of CooperVision”, verified January 10, 2022

About Plastic Bank
Plastic Bank strengthens the regenerative society. Social enterprise helps the world stop ocean plastic while improving the lives of communities of collectors. Plastic Bank builds ethical recycling ecosystems in coastal communities and reprocesses materials to reintroduce them into the global manufacturing supply chain. Collectors receive a bounty for the materials they collect, which helps them meet basic family needs such as groceries, cooking fuel, school fees and health insurance. Plastic Bank’s certified blockchain platform secures the entire transaction and provides real-time data visualization, enabling transparency, traceability and rapid scalability. The collected material is reborn as Social Plastic® which can be easily reintegrated into products and packaging as part of a closed-loop supply chain. Plastic Bank currently operates in Haiti, Brazil, Indonesia, The Philippinesand Egypt. Learn more at plasticbank.com.

About Cooper Vision
CooperVision, a division of CooperCompanies (NYSE: COO), is one of the world’s leading manufacturers of contact lenses. The company produces a full line of soft daily, fortnightly and monthly disposable contact lenses featuring advanced materials and optics, as well as premium rigid gas permeable lenses for orthokeratology and scleral designs. CooperVision has a strong heritage in solving the most difficult vision problems such as astigmatism, presbyopia, childhood myopia and very irregular corneas; and offers the most comprehensive portfolio of spherical, toric and multifocal products available. Through a combination of innovative products and targeted practitioner support, the company brings a refreshing perspective to the market, creating real benefits for customers and wearers. For more information, visit www.coopervision.com.

About Cooper Companies
CooperCompanies (“Cooper”) is a global medical device company listed on the NYSE (NYSE: COO). Cooper operates through two business units, CooperVision and CooperSurgical. CooperVision brings a refreshing perspective to eye care with a commitment to developing a wide range of high quality products for contact lens wearers and providing targeted support to practitioners. CooperSurgical is committed to advancing the health of women, babies and families through its diverse portfolio of products and services focused on medical devices, fertility and genomics. Based at San Ramon, California., Cooper employs more than 12,000 people and sells its products in more than 100 countries. For more information, visit www.coopercos.com.

Media Contact
Mike McDougallARP, PRSA Fellow, McDougall Communications
[email protected] or +1-585-434-2150

CooperVision logo (PRNewsfoto/CooperVision)

CooperVision logo (PRNewsfoto/CooperVision)

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SOURCECooperVision

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