Welcome to our ESG-focused blog, where we delve into the Waste Recycling Services Industry and its journey towards sustainability. As the world grapples with the challenges of waste management and environmental conservation, it is crucial for this industry to prioritize Environmental, Social, and Governance (ESG) considerations. Let’s explore the key aspects of ESG that the Waste Recycling Services Industry should embrace.
Environmental Sustainability:
The Waste Recycling Services Industry plays a critical role in minimizing waste, conserving resources, and reducing environmental impact. By investing in advanced recycling technologies, optimizing waste collection and sorting processes, and promoting circular economy principles, companies can contribute to a greener future.
Social Responsibility:
Promoting social inclusion and community engagement is vital for the Waste Recycling Services Industry. By creating employment opportunities, supporting local communities, and collaborating with stakeholders, companies can generate positive social impacts and foster sustainable development.
Governance and Ethics:
Transparent and ethical practices are essential for building trust and credibility within the Waste Recycling Services Industry. Adhering to regulatory requirements, ensuring responsible waste disposal, and prioritizing health and safety standards are crucial aspects of governance that companies should prioritize.
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Growth of the Waste Recycling Services Market
The global waste recycling services market size to be valued at USD 81.3 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period. During the forecast period, it is expected that growing consumer awareness of the advantages of waste recycling will have positive impact on the market growth.
The adoption of strict rules has accelerated waste recycling research and development efforts, which is anticipated to foster market expansion throughout the forecast period. There have been many different disposal methods and procedures developed because of growing knowledge about the importance of efficient waste disposal for the protection of both human and animal health.
High levels of toxic substances found in trash, including metals and salts, have forced waste-generating businesses to promptly recycle or dispose of the material. Global domestic housing demand is expected to be driven by urban population expansion and rising disposable incomes. Improvements to the housing market will therefore increase the uptake of these recycling services, which will in turn spur market expansion over the projection period.
Key Companies in this theme
• Eurokey recycling ltd.
• Northstar recycling
• Triple M Metal LP
• Amdahl corp.
• Interface inc.
• Covanta
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About Astra – ESG Solutions by Grand View Research
Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. – a global market research publishing & management consulting firm.
Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.
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