Yby Bank, the first bank of reused metals in Brazil
“Our work is aimed at raising awareness about the importance of ‘recycling’ metals that have already been extracted from the soil and create a circular production system, without causing environmental, social or economic damage.”
Yby Bank promotes a new cycle for the reuse of metal by means of a circular production system. Yby Bank presents the demand for recycled metals to its network of partners and the supply to metal vendors.
The initiative develops a circular production system to minimize environmental, economic, and social costs, and to maximize the value of the by-product as a new input of production.
“We will focus mainly on buying and selling metals for reuse, with proven tracking record for companies that wish to use a more responsible raw material in its products.”
How much is the relentless search for gold really worth?
Did you know that metal mining has major impacts on the environment and society?
Metal mining has negative impacts on the environment: removal of vegetation in the mining area, water and air pollution, soil contamination and erosion, death of fish and other wild animals.
The activity can also cause social impacts: removal of local communities and indigenous people, child and slave labor, and the enrichment of criminal organizations.
Yby Bank’s work is based on the pillars of information, sustainability, and innovation, with the purpose of reducing negative impacts and enabling the reuse of precious metals extracted from the soil.
“Our work goes far beyond negotiating the purchase and sale of metals. One of Yby Bank’s main goals is to reinforce awareness around other ways of operating this market, without causing negative environmental and social impacts. The means of production can be sustainable and activities that result in deforestation can be avoided by enabling the reuse of metals that have already been extracted from the soil. That is why we highlight the importance of people who are willing to make a difference in the world”, Mayara Rovery, founder of Yby Bank.
Jewelry x Sustainability
How are jewelry companies reducing their negative impacts on the environment?
In view of the positive changes in the mentality of consumers in the fashion industry, companies have changed their processes and created initiatives that reduce their negative impacts on the environment.
In the jewelry sector, brands have found a middle ground between consumption and responsibility. Since 2019, the associate Mariah Rovery works exclusively with reused gold – material from her clients’ old jewelry items, exchanging them for credit in her store.
The Yby Bank project promotes practical and quick access to responsible and traceable metals for brands that have a more transparent mindset in the industry of precious metals.
Stamps for partners and associates
Yby Bank offers seals and membership plans for partners and associates:
Bronze Seal (Ambassador): individuals who support the project and want to help spread transparency and information in the sector.
Silver Seal (Sponsor): companies who support the project, wish to sponsor research in the sector and purchase metal.
Gold Seal (Patron): for those who believe in solutions to reduce negative impact on the environment and want to help fund research for continued development.
Green Seal (100% Recycled Metal certification): companies that want to create solutions with 100% recycled metal and be authorized to expose the seal in their promotional material.
