Paying It Forward: BML and Parley Convert Plastic Waste into Purpose

Bank of Maldives (BML) has partnered with Parley Maldives to support ocean conservation efforts as part of its recently launched environmental initiative, ENV POS.

Under the ENV POS program, BML contributes a portion of its earnings from every transaction made through its Point of Sale (POS) terminals to fund environmental projects across the country. These contributions are made at no cost to customers or merchants and aim to directly support efforts to protect the Maldives’ fragile ecosystem.

As part of the partnership, BML will support Parley’s work to intercept and export plastic waste for recycling to countries including Germany, Taiwan, and Malaysia. The initiative is part of Parley’s AIR strategy—“Avoid. Intercept. Redesign.”—focused on tackling marine plastic pollution at its source.

Commenting on the collaboration, BML CEO and Managing Director Mohamed Shareef said, “The ocean is central to life in the Maldives, yet plastic pollution remains a growing threat to marine life and our way of life. We are proud to support Parley’s mission and look forward to launching our new bank cards made with Parley Ocean Plastic®, sourced from plastic collected in the Maldives.”

Parley Maldives Executive Director Shaahina Ali welcomed the partnership and said, “This collaboration will significantly boost our ability to intercept plastic waste before it enters the ocean and help accelerate the Maldives’ path toward a sustainable, net-zero future.”

The ENV POS initiative reflects BML’s long-term commitment to sustainability, allowing customers to contribute to environmental protection through simple, everyday transactions. The program is part of BML’s wider strategy to embed eco-conscious practices within the national financial system.