Burges Salmon and LRS Consultancy have launched a new guide that gives businesses practical guidance on how to become more resource efficient.
The guide, ‘A Practical Path to Resource Efficiency’, is aimed at manufacturers, retailers and brand managers, as well as their supply chain partners, to give them a better understanding of how resource efficiency can benefit them and it provides new ideas about how to make better use of materials and energy.
The guide provides case studies showing how other companies have looked at their supply chains and their own businesses and implemented resource efficiencies. It also helps companies to understand what they should consider in terms of materials and energy security to make their supply chains more resilient.
Nick Churchward, Partner in the Energy & Environment Team, Burges Salmon LLP, said: 'Many businesses are realising the financial and reputational importance of making their operations more sustainable. Customers want it, governments are encouraging it and increasingly shareholders are demanding it. These factors are driving a marked shift in both thinking and doing and the realisation that there is real potential for economic growth and investment by delivering more sustainable business models.'
'In our guide, ‘A Practical Path to Resource Efficiency’, Burges Salmon and LRS Consultancy bring together some great examples of how UK businesses are embracing and benefitting from more sustainable and better ways of working. We also provide guidance and advice on how to put the theory into practice, from assessing process efficiency to developing an on-site generation project. There will be something for everyone looking to improve their bottom line and the sustainability of their operations.'
Dee Moloney, Managing Director, LRS Consultancy, said: “Being efficient with material resources and energy makes good business sense. It’s not actually that complicated. Businesses planning for their future should collaborate with their supply chain partners now to understand their collective commercial risks and opportunities and take actions to ensure they remain economically, environmentally and socially sustainable in tough economic times.
“Fully circular or closed loop supply chains are often seen as the desired business model in terms of resource efficiency. However, in many cases, less complex and lower cost approaches to improving resource efficiency can deliver huge benefits across the supply chain within a relatively short time.
“The 'circular economy' can be a bit theoretical and daunting for many businesses, so we wanted to produce a guide that can help them understand the practical steps they can take to improve resource efficiency within moving to a whole systems thinking and fully circular business model.
“We recognise that there is no ‘one size fits all’ solution and hope our guide demonstrates the importance of a range of approaches, such as systems thinking, collaboration, corporate leadership and good business practice.”