Businesses can save 70% on costs by switching to circular model

Companies can save over 70% on prices by switching to a round mannequin, which interprets to round £24,000 in financial savings for the common enterprise, in response to a brand new examine.

The examine by London recycling and useful resource administration agency Bywaters highlights what it describes because the monetary advantages of companies adopting round fashions that minimise waste.

In line with the examine, a linear system can value the common enterprise – based mostly on an workplace in London with 32 flooring (400,000 sq. ft) – as a lot as £34,000 a yr (for the common enterprise/workplace website), with the vast majority of the bills coming from the disposal of dry combined recycling.

Implementing a round mannequin and the right segregation of recyclable supplies at supply can deliver financial savings of roughly 70% of waste disposal prices, the examine stated.

These findings present clearly that implementing a round enterprise mannequin isn’t only a win for the planet.

A linear system depends on a take-make-waste mannequin the place pure assets are extracted and used to fabricate merchandise. Then, as soon as a product has reached the tip of its life cycle, it’s disposed of as waste.

Whereas a round mannequin goals to cut back consumption, design merchandise for longevity, and guarantee a product is reused, repaired or recycled on the finish of its life.

Commenting on the examine, John Glover Jr, MD at Bywaters, stated: “These findings present clearly that implementing a round enterprise mannequin isn’t only a win for the planet, but in addition a win for your corporation from a monetary perspective.

“Shifting away from a linear mannequin to a round mannequin brings all kinds of financial savings on an annual foundation, particularly as you possibly can actually reuse gear that might in any other case be discarded or keep away from waste that’s costly to take away and take to landfill.”