Why Your Business Should Care About Sustainable Waste Management
Many businesses understand that sustainable practices are important for the planet. However, it can be more difficult to see how recycling benefits their bottom line and may often seem like more hassle than it is worth. In fact, Biffa reports that just under half of small businesses use a recycling service. As environmental concerns grow, companies that embrace sustainability, including recycling, gain a competitive edge.
But how exactly can recycling benefit your business? Let’s delve into the data to find out how integrating recycling into your operations can enhance your reputation and cut costs.
1. Cost Savings and Efficiency
In the UK, sending waste to landfill is becoming increasingly expensive due to landfill taxes, rising disposal fees, and stricter government regulations. The Landfill Tax, introduced to encourage waste reduction, currently stands at £102.10 per tonne (as of April 2023) and is set to increase annually. Additionally, businesses must cover transportation and gate fees when disposing of waste in landfills.
In contrast, recycling services often have lower processing costs, and some materials, such as paper, cardboard, and certain plastics, can even generate revenue through rebates. By diverting waste from landfill, businesses not only reduce their environmental impact but also achieve significant cost savings in the long run.
2. Meeting Customer Expectations
In today’s markets, recycling is not just a commendable practice—it is an expectation. Customers expect businesses to recycle, and choosing not to do so could break trust. One study found that 85% of the 2,000 people surveyed strongly believe in recycling, and seven in ten consumers would go out of their way to support a company that makes strong efforts to be sustainable. Implementing a recycling programme and integrating eco-friendly initiatives can help businesses align with these expectations.
That’s not all! According to a study by Nielsen, 66% of global consumers are willing to pay more for products from companies committed to sustainability. This means businesses that integrate eco-friendly practices can potentially command higher prices and increase profitability.
3. Attracting Talent
Consumers and employees alike are increasingly drawn to companies with strong environmental policies. A 2022 study by Consultancy UK found that 92% of British people are concerned about sustainability. Moreover, a report by Unily revealed that 83% of employees believe their employers are not doing enough to tackle climate change, and 65% would prefer to work for a company with strong environmental policies.
By implementing a recycling programme, businesses can demonstrate their commitment to sustainability, appealing to both customers and prospective employees. This can boost brand loyalty, attract talent, and enhance public perception.
4. Winning Contracts and Investors
Businesses with strong recycling and sustainability practices may find themselves at an advantage when bidding for contracts, particularly with organisations that prioritise green supply chains. Large corporations and government bodies are increasingly favouring suppliers with clear sustainability commitments, making recycling an essential component of business strategy.
Additionally, companies that care about sustainability attract ethical investors who prioritise environmental, social, and governance (ESG) factors. Investors are increasingly looking for businesses that demonstrate long-term sustainability commitments, opening up funding opportunities.
Getting Started with Business Recycling
So, you’re convinced that your business needs a more sustainable waste strategy, but you don’t know where to start. Becoming more sustainable does not require an overhaul of your entire business model. Here are a few simple steps to integrate recycling into your operations:
- Assess Your Business’s Needs: Determine the types and volume of waste your business generates to find a service that meets your specific requirements.
- Research Local Providers: Look for recycling companies that operate in your area and specialise in handling your type of waste.
- Check Compliance and Credentials: Ensure the provider meets all legal requirements and holds necessary certifications for responsible waste management.
- Compare Services and Costs: Request quotes and compare pricing, collection frequency, and additional services like waste audits or reporting.
- Talk to an Expert: At SO Recycle, we have specialist account managers who offer businesses free personalised advice to get you set up with the right recycling service quickly, without all the guesswork.
Conclusion
Integrating recycling into your business is not just good for the environment—it can also help reduce costs, meet customer expectations, and attract both talent and investment. As sustainability becomes more important across industries, businesses that take steps now will be better positioned for the future.
Getting started does not have to be complicated. SO Recycle provides tailored support from industry experts to help businesses find the right recycling service for their needs. Our team takes the time to understand your waste streams, budget, and sustainability goals, offering personalised advice to ensure an efficient and cost-effective solution. Whether you are looking to reduce landfill costs, improve compliance, or enhance your environmental impact, SO Recycle simplifies the process by guiding you through every step.
Ready to get started? Get in touch with one of our specialist account managers today! 023 8026 5252 | action@sorecycle.co.uk
