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RECYCLING & WASTE MANAGEMENT


BOOSTING YOUR CREDENTIALS


How can you use waste management to enhance your ESG score, asks Jason Smith, Managing Director of phs Wastekit.


Although talk of sustainability is nothing new, there is now a preferred measure of sustainability in the corporate world and it’s quickly overtaking CSR as the metric of choice.


Environmental, social and governance (ESG) scores have gained greater prominence in recent years by providing real and quantitative measurements of how a company is addressing risks and concerns relating to environmental, social and corporate governance issues.


ESG scores are heavily influencing what companies people want to work for, buy from and invest in.


Of course, corporate social responsibility (CSR) still has its place and is a great internal framework for a company to communicate to its employees, but ESG provides important measurable goals and the solid numbers behind CSR to external parties. Most successful companies run with both.


A high ESG score is a desirable company asset and a must for investors, and slick and efficient waste management policies and systems can help to boost your score by providing hard figures that can go towards your sustainability objectives.


Businesses that want to boost their ESG should assess their ancillary costs in the same way as they do their core costs. A simple waste management cost benefit analysis will quickly show up unnecessary costs and ways to generate revenue or reduce costs. There are almost always savings to be made, whether it’s reducing the labour costs associated with waste management or cutting down waste collections and transport costs.


Baling and compacting machines are vital pieces of equipment to help businesses achieve this. They help companies segregate their waste, maintain control of their waste stream process and enhance their recycling efforts in a simple and cost-effective way.


42 | TOMORROW’S FM


Compactors reduce the volume of general waste generated, reducing the number of waste collections needed and the transport costs associated with it, including carbon emissions.


Balers, which bale recyclable materials like cardboard and plastic, improve a company’s recycling rates and reduce landfill contributions.


Cardboard, like boxes or packaging, and plastic that has been ‘baled’ by a baler machine can be sold on to recycling companies for reuse or resale, bringing in new revenue that can be invested back into the business and other ESG initiatives.


It also helps to boost the UK’s recycling efforts by improving the volume of quality recyclable cardboard and plastic that re-enters the economy.


Crucially, using balers and compactors provides solid numbers and measurable evidence of a company’s commitment to ESG. Ensure you are collaborating with suppliers who share this commitment too.


phs Wastekit is one of the UK’s leading suppliers of balers and compactors, providing businesses with a whole service approach that supports them on their ESG journey.


Part of the phs Group, phs Wastekit offers a nationwide service. As well as supplying high quality, excellent value, baler and compactor machines, phs Wastekit offers servicing and maintenance packages right across the UK.


phs Wastekit offers a free Waste Saving Audit and free trial of any machine to businesses to identify the savings that could be made and offer advice on sustainable waste management practices to support positive changes for our planet’s future.


www.phswastekit.co.uk twitter.com/TomorrowsFM


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