Waste is a resource which can lead to greater business productivity if managed correctly. Shifting from methods of waste disposal to processes of waste reduction can bring a range of key benefits:
- You can save money through more efficient use of raw materials, packaging and technology.
- It allows you to cut your waste disposal costs.
- Compliance with environmental legislation becomes cheaper and more straightforward.
- You can improve your reputation among customers, suppliers, potential employees and insurers, who may want to be sure that you take your environmental responsibilities seriously. You may also boost the morale of existing staff.
How much can my business save by reducing waste?
The amount of money you can save by managing waste depends on the nature of your work. For example, a manufacturer will probably be able to save more than an office-based business by reducing the amount of raw materials and waste water in production processes.
WRAP estimates that businesses could on average save as much as £1,000 per employee.
Similar benefits are available through reducing your business' energy use.
Invest Northern Ireland offers advice, consultancy and financial support on energy and waste issues.