Many companies are often surprised to discover that the amount of waste that they generate is actually much more significant than they believe. Along with harming the environment, such waste can also cost companies a tremendous amount of money. As many companies search for ways in which they can reduce costs, conducting a waste audit can prove to be an ideal solution for identifying the types as well as amounts of waste that your facility generates. As a result of waste audits, it is possible to develop an effective plan for reducing, eliminating, recycling, or reusing that waste.
As part of the process of conducting waste audits, it is important to actually define what waste means. Waste can refer to litter, rubbish, junk or any type of waste products produced by a facility that needs to be disposed of in an effective manner. It should be noted that hazardous waste is actually a different classification due to the fact that such waste has very stringent regulations regarding disposal.
There are actually several reasons why companies should consider conducting waste audits. Among the most important reasons to conduct a waste audit is that it is required by law. Ontario currently has a far-reaching requirement regarding waste audits. Under the Waste Audit and Waste Reduction Work Plan Regulation, certain establishments are required to conduct waste audits with the goal of developing plans for waste reduction. Establishments required to adhere to the regulation include restaurants, hospitals, hotels and motels, office buildings, retail shopping centers, educational institutions, large manufacturing establishments, and large construction projects.
Waste audits can also frequently help companies to save money. This can be accomplished by reducing the loss of raw products or ingredients as well as reducing waste collection and treatment costs. Additionally, companies may also save money through the reduction of potential liability associated with environmental violations. Such liability may include the possibility of fines.
Many firms also find that waste audits can help to improve profit margins by identifying methods for making production facilities more efficient. New profit sources may also be uncovered through waste audits, making it possible for firms to reuse waste either on location or at another facility.