ORGANIZATION NAME & LEGAL ENTITIES

Foundation name: Stichting The Ocean Cleanup
Chamber of Commerce number (KvK): 57262632
RSIN fiscal number (Dutch tax file number): NL8525.06.429B01

The work of Stichting The Ocean Cleanup is organized into the following legal entities:

The Ocean Cleanup Technologies B.V. Delft, The Netherlands
The Ocean Cleanup Operations B.V. Delft, The Netherlands
The Ocean Cleanup Interception B.V. Delft, The Netherlands
The Ocean Cleanup Projects B.V. Delft, The Netherlands

THE OCEAN CLEANUP DEVELOPS ADVANCED TECHNOLOGIES TO RID THE WORLD'S OCEANS OF PLASTIC

THE SCOPE

Why do we focus on technology?

Once a technological solution has been invented. You cannot “un-invent” something.

Why are we focusing on cleanup in both oceans and rivers?

Ocean plastic pollution can be found in coastal waters, the open ocean, oceanic accumulation zones (gyres), coastlines, and the seabed. Rivers and canals are the prime source of oceanic plastic pollution. After entering the oceans, plastic either sinks, beaches, or makes its way out to an ocean gyre. Even if you were to completely close the source, the five ocean garbage patches would still be there – they are persistent. Due to this persistency, plastic in the patches has enough time to fragment into small and dangerous microplastics exacerbating the problem. Both prevention and cleanup of the plastic already in ocean garbage patches is needed to effectively eradicate ocean plastic pollution.

System 001 closeup

Basic principles

Entrepreneurial

Building a business isn’t the primary goal—the primary goal is to clean the oceans. However, The Ocean Cleanup believes running the organization like a business is the most efficient method to reach the primary goal and to ensure long-term financial continuity. This principle is reflected in the way the organization is being run, in which the focus is key, delivering real-life prototypes have highest priority, and a core team of the brightest minds is responsible for making it happen.

Governance
The foundation’s CEO is Boyan Slat, who leads the management team. Together they manage the foundation.

In line with the usual two-tier system in the Netherlands, executive management is separated from the non-executive, supervisory, role. The Supervisory Board can be found on our About page. The members of the Supervisory Board challenge management on major decisions (to which they have to agree before these can be implemented), and perform a role as a sounding board as well.

Remuneration policy
The members of the Supervisory Board are not entitled to any remuneration. They are, however, entitled to ask for reimbursement of reasonable costs (such as travel expenses).

The remuneration policy for employees (including executive management) takes into account that all income comes from donations, and the policy can be characterized as below market rates. Intrinsic motivation to work on this ambitious and meaningful mission is the major factor driving people to join The Ocean Cleanup.

General Purchase Conditions
The General Purchase Conditions Good & Services (October 2017) of The Ocean Cleanup (“GPC”) apply to and are part of all of our requests for quotation, purchase orders and purchase agreements. The applicability of any other terms and conditions is explicitly rejected and superseded by the GCP. Download GPC (pdf).

CONTACT DETAILS

Postal Address
The Ocean Cleanup
Batavierenstraat 15
4-7th Floor
3014 JH Rotterdam
The Netherlands

E-mail
Visit our Contact page to get in touch via e-mail

Website
theoceancleanup.com