Delivering the triple bottom line through reuse and repair
To deliver environmental sustainability, we must move to a society that consumes far fewer natural resources, such as coal and oil. Reusing and repairing items are essential stages on our journey to more sustainable living, but they can also deliver so much more to society as a whole through job creation, training opportunities and support to disadvantaged groups through affordable products.
Triple bottom line is a business decision-making process which considers the impact an action may have on social, economic, and environmental grounds. When working within the principles of a triple bottom line business, a decision must deliver positive impacts on each of the three factors, which is a far cry from the financially dominated decision-making of the last 50 years. SUEZ recycling and recovery UK adopted this approach some years ago, and since then we have been working with our customers, industry peers and wider networks to maximise the potential return of our services and activities - creating more social, economic and environmental value in all that we do. Aligning reuse and repair strategies and delivery models with this triple bottom line thinking could provide organisations with a number of opportunities to provide new investment and employment within our local communities, helping to keep products in use for second and third lifetimes and thus reducing their carbon footprint and environmental impact, whilst delivering acceptable financial results.
Our expert panel has been selected to discuss how organisations can bring triple bottom line thinking to their reuse and repair strategies within their organisational setting, whilst remaining competitive and profitable. We will hear from different sectors and from different actors in the value chain about the new business models, new decision-making processes and how reuse and repair have been repositioned within traditional business structures. We will also look forward to what the business case for large-scale investment in reuse and repair might look like, and how legislative reform could help shape this decision-making process over the next five years.
With case studies from a range of successful reuse and repair businesses and third sector organisations delivering these new services, we will demonstrate how organisations - no matter the scale or sector - could incorporate the triple bottom line concepts into their current operational strategies and deliver added value to their surrounding communities and environment.
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