Good for the planet.
Sustainable business practices.
Depending on your point of view these phrases are likely to evoke a strong opinion and can either be extremely positive and inspiring if sustainability matters to you or be like nails on a chalkboard if you are opposed to the environmental movement.
Whatever your perspective, there is a great debate going on in the industry on how to account for the environmental impact of today’s business decision making. One way to measure this impact is by using an accounting measurement known as the “triple bottom line.” Below is an excerpt from “The Economist” that elaborates on its meaning:
The phrase “the triple bottom line” was first coined in 1994 by John Elkington, the founder of a British consultancy called SustainAbility. His argument was that companies should be preparing three different (and quite separate) bottom lines.
One is the traditional measure of corporate profit—the “bottom line” of the profit and loss account. The second is the bottom line of a company's “people account”—a measure in some shape or form of how socially responsible an organisation has been throughout its operations. The third is the bottom line of the company's “planet” account—a measure of how environmentally responsible it has been.
The triple bottom line (TBL) thus consists of three Ps: profit, people and planet. It aims to measure the financial, social and environmental performance of the corporation over a period of time. Only a company that produces a TBL is taking account of the full cost involved in doing business. (Source: The Economist)
Pro and Con Arguments
Sustainability is a loaded question that many of us in the business community wrestle with on an ongoing basis, and will for the foreseeable future.
Proponents of sustainable business practices arguments rest on several core components.
- Positive environmental businesses practices generate positive goodwill among consumers, politicians, and regulators.
- Regulatory trends and consumer sentiment have shifted towards sustainability and companies that have sustainable business practices are in favorable position as laws begin to shift.
- Innovation occurs when companies are required to overcome environmental problems leading to new and exciting products and services.
- Employees have higher morale when they believe in what their company is doing.
Opponents typically respond with a few major counters.
The first counter argument is Corporate Profits. As the argument goes, sustainable business practices are too expensive to implement, thus eroding profits giving an easy out to companies that want to maintain the status quo.
The second major counter is that many of the major sustainable business practices being proposed, end up doing more harm than good.
The argument is enough to make your head spin.
Sustainability That Works
What if you could fulfill both sides of the argument by having a process that is better for the environment than any alternative, AND have it be the most cost effective alternative for a large group of regionally located businesses?
In that case, you just might have something that neither side of the sustainability argument could refute.
At Temarry Recycling, reducing the impact that hazardous waste has on the environment is one of our top priorities. It’s not because we are a bunch of tree huggers, but SIMPLY because we’ve created a process that enables us to recycle some of the most toxic substances in the hazardous waste industry, in an efficient and cost effective manner.
True Closed Loop Recycling & Cost Effectiveness
Temarry Recycling provides efficient recycling services in the management of recyclable hazardous and non-hazardous wastes that are compatible with our solvent distillation and Waste to Energy systems.
All waste that Temarry receives has value. All waste is recycled or utilized as a source of clean energy that fuels our operation and NOTHING ever goes to landfill. We provide a true waste to energy process that benefits everyone.
Through a highly coordinated truck transportation network, Temarry Recycling provides reliable, cost-effective transportation for cradle to grave waste management. Waste is manifested directly to the end facility. There are no “middleman” TSDFs that re-manifest out to another TSDF for actual processing. All waste is processed on site receiving an H020 handling code for distillation an H039 for Reclamation/Reuse or an H050 handling code for, “energy recovery at this site”.
What make this process truly cost effective and sustainable for companies located in the Western United States is that the typical alternative for this valuable highly recyclable waste is H061 fuel blending destined to the Midwest and Eastern U.S. Typical transportation miles saved by routing to Temarry is 1,500-3,000 per trip.
This offers savings not only in Carbon Footprint for your corporate sustainability objectives, but real dollars in terms of REDUCED DISPOSAL COSTS.
This means real savings for your business and more profit for your bottom line.
Many business ideas do not pass the “triple bottom line” sustainability test of being good for planet, people and profits. Oftentimes one of those pillars is missing from a touted sustainable practice.
With Temarry Recycling, you can rest assured that you are receiving “True Recycling,” AND minimizing your Carbon Footprint in the most efficient and cost effective way possible meeting the “triple bottom line” ideal.
Now that’s what we call SUSTAINABILITY.