A new study published by Trucost has highlighted the massive potential benefits of sustainable plastic recycling. The research focuses on the computer manufacturing industry, finding that if the entire sector used closed-loop recycled plastics, it would save society $700 million per year in environmental costs.
A number of companies are already engaged in this sort of activity. For instance, Dell uses plastic reclaimed from its own take-back programs to manufacturer some of its high-end products. This saves the company money, contributes to its corporate responsibility goals, and has a far reaching sustainability impact. It is an example of circular economy in action.
Despite the clear benefits of such action, getting more companies to work with recycled plastics is difficult. Trucost asserts that this is largely due to insufficient waste management measures that are the necessary foundation for bringing materials back into use. Government incentives, or simply wider education of the benefits could spur on more action.
Plastic reuse is just one aspect of circular economy practices. However, it is another important success story that demonstrates the win-win opportunities that exist for companies in a variety of industries.
Want to know more about circular economy practices? Visit the Ellen MacArthur Foundation here.