Companies often underestimate how much waste actually costs - it could be up to 4% of turnover! As employees, we too can play a part in ensuring that businesses rethink waste recycling.
Why should businesses manage waste?
All of the waste that we produce has a cost associated with it, but before we start to cut those costs, we need to ask where it comes from.
Inept waste management costs companies (and hence us as consumers) heavily in more than financial terms. The ultimate price is the long-term impact on the environment and sustainability.
Many companies fail to realise that the true cost of waste is more than just the cost of disposal. They forget to factor in the additional cost of raw materials, energy and labour involved in the generation of waste. All together this can be 5-20 times higher than the cost of disposal.
As well as the financial benefits, effective waste management helps organisations to become compliant with increasingly strict legislation designed to limit the environmental impact of landfill sites.
Can it really benefit business?
It can! Effective waste management offers a range of benefits to companies including:
- Cost savings (reduced raw material consumption, reduced waste disposal cost savings due to reduced volumes and recovered value of wastes) that go directly to the bottom line
- Kinder to the environment
- Development of new and more sustainable processes
What can employers and employees do?
Companies greatly underestimate how much waste actually costs - it's often as much as 4% of business turnover? Businesses should aim to reclaim that 4% of turnover as profit.
But it's easy to assume that corporate waste management is somebody else's concern. As employees, as well as employers, we can play a part in making recommendations for improved waste recycling. So too can we put pressure upon supermarkets and stores to rethink excessive packaging and use of unsustainable materials. It's not until you speak up that people can listen.