Can UK’s ‘Waste to Wealth’ Policy Work Here in Canada – Ask Nestle and Burger King

The ‘waste to wealth’ initiative in the UK is bringing some of the world’s biggest brands to the table in efforts to revolutionize the waste management industry. Could a similar policy work here in Canada – we certainly think so!

The waste to wealth concept is built around the belief that the world has as little as one more decade to make the changes we need to make to prevent significant changes in our climate. Waste to wealth brings together stakeholders from the corporate and business community with government, academic leaders, and civil society. All of these efforts are to find opportunities to improve the UK’s resource productivity while reducing all avoidable waste by the year 2030.

Recently, the UK hosted the Waste to Wealth Summit 2018, bringing together more than 200 leaders from the community. In this summit, the following five commitments were made.

Improve productivity of resources and set targets to maintain production efficiencies.
Double resource productivity and eliminate all avoidable waste by 2030.
Re-design the way resources are used in products manufactured and services.
Collaborate with other organizations, value chains, and operations.
Reconvene every year to report on results, learning from one another and continue to motivate each stakeholder to move forward.

Can the same approach work in Canada

Canada has similar waste to wealth policies in place regionally although on a national basis, there’s nothing similar to the UK’s waste to wealth initiative.

If brands as big as Nestle and Burger King are open to participating in government-led initiatives like this in the UK, there’s no reason Canada cannot take a similar approach here. More than the UK, Canada has more natural resources and there’s more opportunity here to create significant waste damage as we develop these resources. It’s important to minimize potential damage and equally important, to involve our country’s biggest corporations in this process.

A lot of Canada’s top corporations are looking for the right ways to make change and to do good things. As a waste management company ourselves, we field questions every day from concerned Toronto business owners seeing ways to minimize their waste and make a positive impact on their environment. If Canada were to adopt a ‘wealth to waste’ policy, we believe that’s something that could work.

The key takeaway from waste to wealth is that it’s not environmental sustainability at the economic expense of production but rather, it’s every stakeholder and every cog in the machine working together to produce a more eco-friendly result.

In the past, a common criticism of recycling and the environmental movement as a whole was that it was pushing policies with negative economic impact. As time has passed, we’ve seen the evidence. In the majority of cases, eco-friendly policy has proven to create jobs, improve efficiencies, and have a positive impact.

As long as we keep in mind the economic impact of environmental policy, there’s no limitation to what can be accomplished with the involvement of Canada’s corporations.

For more information on how you can recycle or to improve the efficiency of your waste management in Toronto, reach out to Core Mini Bins today. We would love to help, connecting you with any available resources to ensure you’re doing right by your economic and environmental interests. 

                                https://www.garbagebinrentals.ca/contact-excavation-demolition-disposal-specialist.html