Benefits of sustainability in daily operational maintenance
Sustainability is the capacity to endure, and its foundations are the economy, society and the environment. We all understand its importance but the urge for sustainability has some practical problems in procurement as well as daily operational maintenance.
For circularity to work, the world needs social responsibility and economic resources. Look at it as if you were building up a pension or personal assets; a small change in behavior leads to a significant result in the long run. We made this easier to achieve by means of a joint qualification system for industrial services.
Reliable and published research by Oxford University and others confirms that good sustainability and ESG practices ( Environment, Social and Governance ) pay off because they correlate with lower operating costs, higher profitability and superior share price performance.
In addition, a sustainable approach helps your operations to become more efficient, improves your asset management, brand value and reputation, provides a platform for innovation, helps attract and retain staff, achieve better growth, cut costs and strengthen stakeholder relations.
The macro environment is where sustainability maintains the health and biocapacity of the planet. It supports the well-being of individuals and communities and promotes a better economy where there is little waste and pollution. Fewer emissions, more jobs, and a better distribution of wealth.
In practice, the common understanding of circularity is that people either think of durable goods that have a longer lifespan and about recycling waste.
In reality, while separating their waste professionally they actually are initiating the recovery of materials, which is the lowest possible step. This unfortunately leaves the responsibility for the development of more durable goods as well as recycling industrial or maintenance waste left to scientists, researchers and product developers.
Much more can be achieved because in reality, circularity can be seen as a six-step ladder where durable goods are the highest step and the recovery of materials are the lowest possible one. You can see that in the table below.
If specialized engineering services can develop on the intermediate steps of circularity, this leads to more experience, knowledge and workable data which can be used to develop better and more sustainable products. Besides saving money on operations and gaining more control over the situation, this enables the industry to achieve a greater impact on asset management in the short term.
Strategies of circularity
An assessment of handling and procurement protocols in ISO standardized organisations confirms that although we do our best to purchase more sustainable goods, a component is neatly scrapped when found defective.
Of course this was done with the best knowledge and intentions but especially industrial goods are excellently suited for more circularity; a missed opportunity for organization as well as services.
By making this easier andcombine forces we can change this behaviour. That is when circularity really pays off, as the research of Oxford University describes. And there is a lot to gain between those two extremes; not only from an environmental perspective but also from an operational and financial one.
Our joint qualification system provides business intelligence and connects you with a global, prequalified network of knowledgeable companies.
We invite you to join us and boost circularity as a whole, for the benefits we already described. More specific information for your business or organisation is available on the following pages: