Waste is an increasingly significant business risk for many companies. Waste generation, transportation, storage and disposal can pose environmental and financial risks, as well as risks to human health. Companies are being asked by regulators, investors, consumers and other key stakeholders to externally disclose their waste data, and explain what they are doing to manage and reduce waste. Effective waste management has allowed some companies to uncover business opportunities through cost reductions and even a change in business model.
Whether you are being asked by investors to disclose key risks, required by legislation to report your waste or simply wish to better understand possible commercial opportunities, we can help you.
Our partner, the Waste and Resources Action Programme (WRAP) UK has technical expertise and extensive sector experience based on their global work on various waste streams including plastics, electronic, food and textile.
Materials and waste data measurement and reporting
Measuring and analysing performance on materials and waste help us look more critically at our waste management processes and performance throughout the product lifecycle. We can help design data collection templates and advise on how data can be measured and reported in compliance with national and internal reporting frameworks (including NEA’s mandatory waste and packaging reporting requirements, the Global Reporting Initiative (GRI) and Global Real Estate Sustainability Benchmark (GRESB).
Circularity and waste prevention strategy
Identify risks and opportunities throughout your entire value chain, from designing out excess materials to re-capturing value from waste through reuse or recycling. Set targets for alternative materials or waste reduction. Engage stakeholders. Review performance against targets through regular audits or data measurement. Work towards closing the materials or waste loop.
Supply chains today are complex involving multiple players that operate globally. Due to the increasing competition and dynamic nature of businesses, social and environmental threats along the supply chain can lead to disruptions impacting both businesses and the environment.
With countries around the world introducing measures to eradicate modern slavery, supply chains are being critically examined to avoid human rights exploitation of any kind. As material flow along the supply chain has significant environmental impact, many buyers are now re-evaluating their purchasing decisions to incorporate environmental and social considerations.
Due to this, global supply chains are now under immense scrutiny with more businesses committing to only work with suppliers who adhere to environmental and social compliance. Many businesses are facing pressure to increase transparency and trace their supplier and supply chain operations. For several industries – agribusinesses, textile, electronics, automotive – supply chain sustainability has become crucial.
Our in-house experts on supply chain sustainability have extensive experience and can work with your organisation to identify, assess and review supply chain sustainability risks. We can also help you develop strategies and devise solutions to overcome these risks.
We believe, sustainability can be applied to four aspects of your supply chain – Operational, Strategy, Environmental and Social.
We specialise in building internal capabilities to mitigate sourcing risks. We can help you to –
- Develop sourcing documents such as guidelines and codes of conduct for the use of your vendors/suppliers
- Develop a personalised sustainability sourcing framework to assess your suppliers’ sustainability risk
- Develop Risk Mitigation Plan (RMP) for your suppliers based on your company requirements for sustainability
We can help your organisation enhance sustainability within your supply chains by identifying sustainability strategies that works best for your company and promoting strategic partnerships that would benefit your business. We can help you to –
- Moderate collaboration between various supply chain players to explore waste reduction solutions
- Review your strategy on supply chain sustainability practices that would enable you to adopt best practices
- Identify strategies for a closed-loop supply chain system and reverse logistics
We can help you identify, analyse, measure and monitor your supply chains’ environmental impacts. We provide services to –
- Conduct a carbon footprint assessment for Scope 1, Scope 2 and Scope 3 Greenhouse Gas emissions
(working with upstream suppliers and/or downstream buyers to identify Scope 2 and Scope 3)
- Conduct material assessment and management
We can help you identify, analyse, measure and monitor your supply chains’ social impacts. We provide services to –
- Develop a risk identification framework to assess your suppliers on modern slavery (forced labour, child labour, human and labour rights, etc.)
- Develop a traceability database
- Conduct on-site audits in supplier facilities
- Conduct supplier training/engagement/capacity building sessions on sustainability
Building supply chain resilience through sustainability
Moving forward, building supply chain resilience should not limit businesses to assess only their financial and credit risks. It is expected for them to move past these risks to also assess risks arising out of their supplier sustainability operations. Read more via this pdf: Building supply chain resilience through sustainability
Living in the Plastic Age
Humans have produced 8.3 billion tonnes of plastics since its industrial-scale production thrived in the 1950s (Siegel, 2018). However, with only nine percent of these plastics recycled, 79 percent went into dumpsites and the wider environment (ibid).
The public and private sector, to increase focus on waste reduction
Under the Public Sector Sustainability Plan, environmental targets are set with regards to the use of electricity, water, building, waste and solar energy for FY2020 and achieve them through better resource management.
Regulations on packaging, food and e-waste
Singapore’s only landfill, the Semakau landfill, is predicted to run out of space by 2035 at current waste generation rates. To reduce the amount of waste generated in Singapore, the Ministry of Environment and Water Resources published a Zero Waste Masterplan in 2019, Singapore’s designated Year of Zero Waste.