Unified Metrics Library - Recycled goods and materials
Helper question
If you company operated manufacturing, construction and/or packaging processes during the period,
provide a description of recycled goods and materials bought and sold?
Summary
Buying and selling of recycled goods and materials generally has a positive impact on
sustainability and reposnds to consumer demand for sustainable products.
Unit
Description
Values can be expressed in the metric system units commonly used by the undertaking for the specific type of product/good/material.
Despite potential challenges, the environmental benefits of buying and selling recycled goods and materials generally outweigh the downsides, especially when considering responsible sourcing, efficient processes, and consumer demand for sustainable products.
ESG considerations:
- Companies engaging in the recycled goods market should strive for transparency and accountability in their sourcing, processing, and marketing practices.
- Implementing closed-loop systems or prioritizing upcycling over downcycling maximizes the environmental benefit.
- Investing in innovation for efficient and environmentally friendly recycling technologies can further reduce the negative impact.
- Consumer education and awareness are crucial to drive demand for recycled products and support a sustainable market.
- By understanding both the positive and negative impacts, companies and consumers can make informed decisions about buying and selling recycled goods and materials, contributing to a more sustainable future.