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The 3Rs: Reduce, reuse, and recycle

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The 3Rs that refer to the three basic skills taught in schools — reading, (w)riting and ’rithmetic — will be familiar to children and adults alike. However, the 3Rs of sustainable living — reduce, reuse, recycle — are probably more familiar to our children than adults as they are already better educated on the amount of waste we throw away!

With the cost of goods and materials rising, using resources efficiently and reducing business waste makes sense financially and for the environment. Moreover, the cost of sending waste to landfills is increasing, as are the restrictions on what can be sent. Increasingly, penalties are levied if waste isn’t handled appropriately or the right paperwork hasn’t been completed before it leaves your premises. Using the 3Rs also helps minimize the amount of space needed for landfill sites.

Some index providers have launched indexes focused on companies that reduce, reuse, or recycle. One example of this is the Solactive ISS ESG Beyond Plastic Waste Index, which includes companies focused on plastic waste. Investment in such products is intended to alleviate the waste problems caused by production of plastics (for more information, visit www.solactive.com/beyond-plastic-waste/).

ESG Investing For Dummies

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