As the move to combat climate change continues to gather pace, we all have a responsibility to do more for the planet. While we can change our daily habits as consumers, it’s also important to consider how we can contribute as a business.
At hubba, we have a clearly defined Sustainability Policy. Our environmental commitment means we will always offer our customers circular solutions. We call this a ‘resource, not waste’ approach. This forms part of our wider goals to push UK businesses towards a circular economy, moving away from the traditional linear model.
What is a ‘linear economy’?
To better understand the benefits of a circular economy, first, we must address the linear economy. A linear economy follows the ‘take, make, dispose’ methodology. Quite simply, we draw on raw materials to convert them into everyday products, such as packaging. We then discard the products.
Obviously, this model is unsustainable. We have a finite supply of natural resources, and the environmental effects are numerous. From plastic polluting our oceans to deforestation, a linear economy cannot be supported long-term.
What is a ‘circular economy’?
The circular economy turns the linear economy on its head. Rather than encouraging production, the circular model promotes sharing, leasing, reusing, repairing and recycling. We see this realised in many everyday situations, including:
- Packaging products made from recycled materials
- ‘Upcycling’ furniture or old products to be used again
- Leasing reusable items rather than buying
The principles of a circular economy also involve using organic materials where possible. This may include using plant derivatives to produce items, which can then be broken down and used again, for example, as fuel.
The circular economy and business waste
When we think about business waste, we have to consider multiple factors, such as the products themselves, waste segregation, and transportation.
For example, we may want to purchase products from sustainable suppliers that use recycled materials. We would then carefully sort our business waste to ensure as little goes into landfill as possible. We would also partner with sustainable transport providers to make sure waste moves in the most environmentally friendly way possible.
Why should UK businesses move to a circular economy?
There are multiple reasons to take a more circular approach to running your business, whether for waste management or otherwise.
Cutting costs
Environmentally friendly practices can help to keep your costs down. When business waste is sent to landfill, your business is taxed based on its weight. By sending more waste to recycling plants, you can lessen or eradicate these fees altogether.
Better ESG credentials
Environmental, social and governance criteria are no longer a ‘nice to have’ for businesses, but a necessity. Not only do they encourage positive PR; they may also help to generate more leads from customers who want to work with socially conscious suppliers.
Resource security
Relying on natural resources alone is unsustainable. We have seen the effects of this first-hand in industries such as rubber. The rubber plant, which grows near the equator, is on the EU Critical Materials list. Companies such as tyre manufacturers are now sourcing sustainable alternatives.
Diversifying the supply chain
By drawing on a range of sustainable materials in different locations, businesses have a ‘fallback option’. Not only does this reduce resource reliance; it also offers a contingency should supply chain issues arise, such as natural disasters or PR crises.
Better business continuity with the circular economy
The circular economy reduces our carbon footprint and helps to secure long-term business continuity. For a free circular economy waste management audit, contact hubba today.