The U.S. Chamber of Commerce Foundation Corporate Citizenship Center, Washington, has issued a new report that it says details the value businesses can find in viewing waste as a resource and engaging in the circular economy.
The report, titled “Trash to Treasure: Changing Waste Streams to Profit Streams,” examines the weight and impact of waste on American business. It features business case studies that illustrate how the circular economy can increase efficiency and profitability. Businesses that understand, measure and manage their waste and take action to eliminate, reduce or reuse that waste can open up new revenue streams, optimize operations and lead to innovation, the report concludes.
“The circular economy offers a wealth of opportunity for the American business community,” says Jennifer Gerholdt, director of environmental initiatives for the U.S. Chamber of Commerce Foundation Corporate Citizenship Center. “As companies confront the realities of today’s economic environment, it’s easy to overlook the value and the potential for growth that lies in ordinary, everyday waste. Our ‘Trash to Treasure’ research illustrates the business case for the circular economy, encouraging all enterprises to follow the lead of several businesses already putting this regenerative, restorative way of thinking to work.”
For more information on the circular economy and how the private sector is putting best practices to work, please visit the Corporate Citizenship Center’s website, www.uschamberfoundation.org/initiative/circular-economy.
The U.S. Chamber of Commerce Foundation says it is dedicated to strengthening America’s long-term competitiveness and educating the public on how the free enterprise system improves society and the economy.