More businesses are adopting a greener manufacturing process to help save the Earth’s finite resources
Companies across the globe are changing their business models as they attempt to increase recycling efforts and cut the amount of materials being used in their manufacturing processes.
A number of factors are leading to this new way of doing business, including the European Union’s push for a circular economy, the financial benefits to be gained from recycling recovered materials, and the obvious need to create materials without further depleting the Earth’s finite resources.
According to the European Commission, the growing demand for products and food, caused by a growing global population, is threatening the Earth’s natural resources.
Frans Timmermans, the first vice-president of the European Commission, said: “Our planet and our economy cannot survive if we continue with the ‘take, make, use and throw away’ approach. We need to retain precious resources and fully exploit all the economic value within them.”
It is the European Commission which is currently paving the way for a circular economy that is far more sustainable than the current ‘take and make’ method. Companies operating within the EU could be required to operate in line with the European Commission’s new circular model package, which is expected to save the EU economy €600bn per year by 2030.
Some businesses are already recognising the need to change how and from where they source their manufacturing materials, including Unilever, Ikea, BT and Jaguar Land Rover (JLR), which is now using recycled aluminium to produce two of its Land Rover models.
JLR has set itself the target of using 75 per cent recycled aluminium in its manufacturing processes by 2020 and is also exploring recycled sourcing opportunities for 10 more materials, including steel, plastic and magnesium.
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