A Future-Fit Business does all it can to ensure that the physical goods it provides to other can be repurposed at the end of their useful life.
What this goal means
The world’s resources are dwindling. Renewable resources are consumed faster than they can regenerate, and as society’s most accessible finite resources are used up, extraction methods become increasingly disruptive. Demand for virgin resources can be mitigated if the materials society uses are repurposed, rather than discarded as waste. Doing so also eliminates costs – financial, environmental and human – that waste disposal incurs.
A Future-Fit company does all it can to ensure that the physical goods in provides to other can be repurposed at the end of their useful life. This includes the products themselves, any packaging or other materials distributed to customers, along with any materials consumed in the process of delivering the product.
This goal applies both to companies that design final products for end users, and to those who sell interim products which are incorporated or processed into final products by other companies, further down the sales chain.
To be Future-Fit a company must ensure that:
- Whatever remains of the goods it supplies can be separated at the end of their useful life, to maximize their post-use recovery value;
- Its customers have ready access to recovery services capable of extracting such value.
Why this goal is needed...
Though the technology exists, only a small amount of materials are repurposed
72% of plastic packaging is not recovered at all: 40% is land lled, and 32% leaks out of the collection system — that is, either it is not collected at all, or it is collected but then illegally dumped or mismanaged.
13 million tons of textiles is thrown out each year in the USA alone.
The USA Environmental Protection Agency calculated that if that amount was repurposed, it would equate to removing 7.3 million cars from the road. However, clothing, footwear and other textile products are only recycled at a rate of about 16% .
Considered to have the best rate of recycling, the paper industry still struggles to improve rates.
The global paper recycling rate stands at only around 58%.