Latest COVID-19 Health and Guidance Information - Read here ›
Many organisations underestimate how much waste costs them; it could be as high as 4% of your turnover. The true cost of waste isn’t limited to the charges for disposal. It also includes wasted raw materials, energy and labour, which can be between 5 and 20 times more than the cost of disposal. It could cost more to throw a resource away than to purchase it in the first place.
The waste hierarchy
Minimising waste is a key part of resource efficiency. The waste hierarchy ensures the order in which options for waste management should be considered based on cost and environmental impact.
All waste costs money, however making smart choices and carefully managing your resources reduces your need to handle, treat and dispose of waste. So, while more businesses than ever before have increased their importance of recycling, actually eliminating and reducing consumption and re-using materials where possible, will reduce costs further and increase profit.
What can your business do?
Ensuring the right approach to resource efficiency can help find the right solution for your business. One of the ways to do this is to review the amount of waste produced.
Reviewing the amount of and type of waste that is produced by an organisation will help your business develop an action plan with targeted priorities for recycling and reducing waste. Conducting a waste review at a high level to review all waste for a business will mean that you will be better informed to identify where the majority of waste occurs and where actions can be prioritised. A clear and concise action plan can let your team know what you want to achieve for the business and how it will be done. It will also highlight who is responsible for each part of the plan and will act as a reference point to review progress and evaluate success rates. Ensuring your team are aware of this will create a culture where resource efficiency becomes part of daily office life.
To download our handy DIY efficiency checklist click on the link below.