Waste reporting accelerates up corporate sustainability agenda
Business leaders consider waste reduction to be the second biggest priority in driving better resource efficiency across their organisations, exclusive research has confirmed.
Findings from a study commissioned by edie in association with Sustainable Business magazine and Temple Group indicate that by 2014, waste reporting will be almost as common as detailing company turnover as corporations look to drive down material costs and extract more value from their waste arisings.
Over 400 companies fed into the report Why are businesses leaders prioritising sustainability? and of these, two-thirds (65%) confirmed they had waste targets in place which they were working towards.
Looking ahead over the next two years, waste minimisation activities are expected to heighten with 85% of respondents stating that resource efficiency will become even more critical for their business as concerns mount over resource scarcity across supply networks.
The Department for Environment, Food & Rural Affairs (Defra) has calculated that UK businesses could save £23bn a year by using resources such as raw materials, water and energy more efficiently.
The full report and its findings, as well as case studies from leading companies such as Virgin Media, Lloyds TSB and Wembley Stadium is available for download here.