Republic Services Launches Circularity Index to Help Businesses Improve Sustainable Practices
Republic Services (NYSE: RSG) has launched the Circularity Index, a free online tool to help businesses assess and improve their circularity practices. The tool was developed in response to research showing that while 87% of companies plan to invest more in circular initiatives, many lack the necessary expertise and tools.
The Circularity Index places companies on a five-point maturity curve across three categories: Commitment, Execution, and Recovery. It revealed that 45% of companies are still in the early stages of circularity, with only 12% achieving Expert status. Industries like consumer packaged goods, manufacturing, and energy/utilities/environmental services are more advanced, while government sectors have the most room for improvement.
The tool aims to help companies benchmark their circularity initiatives against industry peers and provide guidance for setting goals and enhancing operational circularity. A webinar on October 16, 2024, will offer an overview of the Circularity Index and industry-specific results.
Republic Services (NYSE: RSG) ha lanciato il Circularity Index, uno strumento online gratuito per aiutare le aziende a valutare e migliorare le proprie pratiche di circolarità. Lo strumento è stato sviluppato in risposta a ricerche che mostrano come, sebbene l'87% delle aziende preveda di investire di più nelle iniziative circolari, molte manchino delle competenze e degli strumenti necessari.
Il Circularity Index colloca le aziende su una curva di maturità a cinque punti in tre categorie: Impegno, Esecuzione e Recupero. Ha rivelato che il 45% delle aziende è ancora nelle fasi iniziali della circolarità, con solo il 12% che raggiunge lo status di Esperto. Settori come beni di consumo confezionati, manifatturiero e energia/utilities/servizi ambientali sono più avanzati, mentre i settori governativi hanno maggiore spazio per miglioramenti.
Lo strumento mira ad aiutare le aziende a confrontare le proprie iniziative di circolarità con quelle dei concorrenti del settore e a fornire indicazioni per fissare obiettivi e migliorare la circolarità operativa. Un webinar del 16 ottobre 2024 offrirà una panoramica sul Circularity Index e sui risultati specifici dei settori.
Republic Services (NYSE: RSG) ha lanzado el Índice de Circularidad, una herramienta en línea gratuita para ayudar a las empresas a evaluar y mejorar sus prácticas de circularidad. La herramienta fue desarrollada en respuesta a investigaciones que muestran que, aunque el 87% de las empresas planean invertir más en iniciativas circulares, muchas carecen de la experiencia y las herramientas necesarias.
El Índice de Circularidad coloca a las empresas en una curva de madurez de cinco puntos en tres categorías: Compromiso, Ejecución y Recuperación. Reveló que el 45% de las empresas aún se encuentra en las primeras etapas de la circularidad, con solo el 12% alcanzando el estatus de Experto. Sectores como bienes de consumo envasados, fabricación y servicios de energía/utilidades/ambientales están más avanzados, mientras que los sectores gubernamentales tienen más margen de mejora.
La herramienta tiene como objetivo ayudar a las empresas a comparar sus iniciativas de circularidad con las de sus pares de la industria y proporcionar orientación para establecer objetivos y mejorar la circularidad operativa. Un seminario web el 16 de octubre de 2024 ofrecerá una visión general del Índice de Circularidad y los resultados específicos del sector.
Republic Services (NYSE: RSG)는 기업들이 순환 경제 실천을 평가하고 개선할 수 있도록 돕는 무료 온라인 도구인 순환성 지수를 출시했습니다. 이 도구는 87%의 기업들이 순환 이니셔티브에 더 많은 투자를 계획하고 있지만, 많은 기업이 필요한 전문지식과 도구가 부족하다는 연구에 따라 개발되었습니다.
순환성 지수는 기업들을 커밋먼트, 실행, 회복의 세 가지 범주에서 5점 성숙도 곡선에 배치합니다. 이 지수는 45%의 기업이 아직 순환성의 초기 단계에 있으며, 단 12%만이 전문가 수준에 도달했다는 것을 보여주었습니다. 소비재, 제조업, 에너지/유틸리티/환경 서비스와 같은 산업은 더 발전된 반면, 정부 부문은 개선의 여지가 가장 많습니다.
이 도구는 기업들이 자사의 순환성 이니셔티브를 동종 산업의 동료들과 비교하고 목표 설정 및 운영 순환성을 향상시키기 위한 지침을 제공하도록 돕는 것을 목표로 합니다. 2024년 10월 16일에 열리는 웨비나는 순환성 지수와 산업별 결과에 대한 개요를 제공합니다.
Republic Services (NYSE: RSG) a lancé le Indice de Circularité, un outil en ligne gratuit pour aider les entreprises à évaluer et améliorer leurs pratiques de circularité. Cet outil a été développé en réponse à des recherches montrant que, bien que 87 % des entreprises prévoient d'investir davantage dans des initiatives circulaires, beaucoup manquent des compétences et des outils nécessaires.
L'Indice de Circularité classe les entreprises sur une courbe de maturité à cinq points dans trois catégories : Engagement, Exécution et Récupération. Il a révélé que 45 % des entreprises sont encore aux premiers stades de la circularité, avec seulement 12 % atteignant le statut d'Expert. Des secteurs comme les biens de consommation, la fabrication et les services énergétiques/utilitaires/environnementaux sont plus avancés, tandis que les secteurs gouvernementaux ont le plus de marge de progression.
L'outil vise à aider les entreprises à comparer leurs initiatives de circularité avec celles de leurs pairs du secteur et à fournir des conseils pour établir des objectifs et améliorer la circularité opérationnelle. Un webinaire le 16 octobre 2024 proposera un aperçu de l'Indice de Circularité et des résultats spécifiques à l'industrie.
Republic Services (NYSE: RSG) hat den Circularity Index ins Leben gerufen, ein kostenloses Online-Tool, das Unternehmen hilft, ihre Praktiken zur Kreislaufwirtschaft zu bewerten und zu verbessern. Das Tool wurde als Reaktion auf Forschungen entwickelt, die zeigen, dass 87% der Unternehmen planen, mehr in kreisförmige Initiativen zu investieren, viele jedoch nicht über das erforderliche Fachwissen und die notwendigen Werkzeuge verfügen.
Der Circularity Index platziert Unternehmen auf einer fünfstufigen Reifegradkurve in drei Kategorien: Engagement, Umsetzung und Wiederherstellung. Er zeigte, dass 45% der Unternehmen sich noch in den frühen Phasen der Kreislaufwirtschaft befinden, während nur 12% den Expertenstatus erreicht haben. Branchen wie Verbrauchsgüter, Fertigung sowie Energie/-dienstleistungen/-umweltdienste sind weiter fortgeschritten, während der Regierungssektor den größten Verbesserungsbedarf hat.
Das Tool soll den Unternehmen helfen, ihre Initiativen zur Kreislaufwirtschaft mit Branchenkollegen zu benchmarken und Anleitungen zur Zielsetzung sowie zur Verbesserung der operativen Kreislaufwirtschaft zu bieten. Ein Webinar am 16. Oktober 2024 wird einen Überblick über den Circularity Index und branchenspezifische Ergebnisse bieten.
- Launch of a free tool to help businesses improve sustainability practices
- 87% of companies plan to invest more in circular initiatives over the next two years
- Republic Services positioned as a leader in environmental services and circular solutions
- 45% of companies are still in the early phases of circularity approach
- 75% of companies lack necessary tools for advancing sustainability
- Government sector shows the least progress in circular initiatives
Insights
Republic Services' launch of the Circularity Index is a significant step towards helping businesses improve their sustainability practices. This tool addresses a critical gap in the market, as 87% of companies plan to invest more in circular initiatives, but many lack the necessary expertise and tools.
The index's three-category assessment (Commitment, Execution and Recovery) provides a comprehensive view of a company's circularity efforts. It's particularly noteworthy that 45% of companies fall into the lower Novice and Emerging categories, indicating substantial room for improvement across industries.
For investors, this initiative positions Republic Services as a leader in sustainability solutions, potentially opening new revenue streams and strengthening client relationships. The company's expertise in waste diversion and circular solutions could lead to increased demand for its services as more businesses seek to improve their circularity scores.
The Circularity Index launch aligns with growing market trends towards sustainability. Key findings from the Harris Poll research reveal significant business opportunities:
- 75% of companies lack necessary tools for circularity initiatives
- 83% want more leadership prioritization for these efforts
These statistics suggest a large untapped market for circularity solutions. Republic Services is well-positioned to capitalize on this demand, potentially leading to new service offerings and revenue streams. The index could serve as a lead generation tool, identifying companies in need of Republic's expertise in waste management and circular economy practices.
Investors should note the potential for long-term growth as businesses across industries increasingly prioritize sustainability and circularity in their operations.
Online tool helps companies understand and advance their circularity journey
According to the
"Companies have set ambitious sustainability goals, but many need additional knowledge or tools to effectively achieve them," said Amanda Hodges, chief commercial officer at Republic Services. "We developed the Circularity Index to help companies assess their circularity initiatives and provide a roadmap to help them achieve their goals."
Republic Services, in partnership with The Harris Poll, asked 1,200 sustainability leaders at companies across 10 U.S. industries to rate their organization on 21 aspects of circularity. The research showed that
The Circularity Index places companies on a five-point maturity curve, from Novice to Expert, to help them understand the maturity of their circular initiatives relative to peers across three categories:
- Commitment: to what extent are leadership, resources, goals and budget aligned with circularity-related initiatives
- Execution: how well an organization plans, implements and measures progress to achieve its circularity goals
- Recovery: the degree to which circularity programs are achieving waste minimization and diversion, and increasing material reuse and recycling
The research shows that many companies are still in the early phases of their circularity approach and initiatives:
Other findings include:
65% agree that everyone wants to advance sustainability, but few know how:75% lack the necessary tools.83% want senior leadership to grant more room to prioritize initiatives.
"Most companies acknowledge the need to take action to improve circularity, but many do not know where to start or how to advance their initiatives in a way that provides both environmental and economic benefit," added Hodges. "We are committed to helping companies further their circularity journey."
Companies can use the Circularity Index to assess and benchmark current initiatives versus industry peers and follow the tool's guidance and roadmap to set goals and enhance the circularity of their operations.
The Circularity Index builds on Republic Services' expertise in waste diversion and circular solutions. For more information about the Circularity Index and to take a brief circularity assessment, visit RepublicServices.com/Circularity.
Circularity Index Webinar
A webinar will be held at 1 p.m. Eastern Time on Wednesday, Oct. 16 to provide an overview of the Circularity Index and industry-specific results, and answer questions about the tool. Webinar Registration Link: info.republicservices.com/circulatorywebinar2024.
About Republic Services
Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste and field services. Republic's industry-leading commitments to advance circularity and support decarbonization are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.
Republic Services Media Relations
Media@RepublicServices.com
(480) 757-9770
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SOURCE Republic Services, Inc.
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