Report claims that businesses could save £24,000 a year by switching to a circular model

A new report has been published which highlights the financial benefits of businesses adopting circular models that minimise waste.

According to the report a “powerful economic argument” can be made in favour of more environmentally friendly business models, that are underpinned by a circular approach to operations.

The research reveals a stark contrast between linear and circular systems, indicating that a linear model can cost businesses up to £34,000 annually (for the average business/office site), with the majority of expenses coming from the disposal of dry mixed recycling.

However, by implementing a circular model and the correct segregation of recyclable materials at source, businesses can experience savings of approximately 70% of waste disposal costs, translating to approximately £24,000 for the average company.

This is valid as of 05th February 2024.