Waste Reduction | May 10, 2021

In nature’s economy, the currency is not money; it is life.~Vandana Shiva

Every commercial activity carried out by humans produces a significant amount of waste. Industrial waste has a more toxic impact as compared to domestic waste. For instance, during gold extraction, many heavy metals are released into the natural ecosystem. Extraction of other minerals like silver also produces many different types of toxic waste.

Gold has a significant impact on world currencies; bitcoin introduction has impacted gold’s value. A survey conducted by a financial advisory firm states that two-third of the millennial clients preferred bitcoin as a better form of storing value than gold.

You may ask: How can industries reduce industrial pollution?The four R’s framework is the most effective and economical way to reduce industrial waste. It includes Rethinking, Reducing, Rebuilding, and Recycling. This technique is rethinking how to say no simply. It means refusing unwanted products that might add up to waste. Reduce stands for the reduction of waste at the site of production. Rebuilding is a widely practiced technique that means using more quality materials. At the same time, the last method is recycling the waste by reusing waste materials again, again and again. These strategies’ benefits are not limited to the environment, but the proper implementation of these techniques will save the company’s upfront capital. Besides, improving the company’s goodwill and increasing their chances of scoring winning favor with investors because people have become more concerned about their environmental security. 

A new approach states that saving one dollar will lead to earning two dollars, and two dollars will lead to saving twenty dollars over time.

Value is in the eye of the beholder,
Michael T. Thomas