Since energy crises in the early 70s, corporations large and small have taken significant efforts to maximize energy use and cut extraneous costs. As a result, a new brand of corporation was born: Energy Service/Savings Companies or ESCo.
Energy Service Corporations undertake a variety of operations, often many at a time. By monitoring, consulting, and optimizing energy use these companies help keep energy costs down and, in recent years, help boost corporate sustainability. As such ESCOs handle a variety of corporations’ lighting, power, and energy and utilities.
It is no surprise that many of these companies quickly ascended ranks to be amongst the Fortune 500 list, as the procurement and management of energy is a significant issue. An important aspect of ESCOs’ day-to-day operations involve the sourcing, management, and recycling of corporate assets and utilities.
Thus, recycling companies work closely with Energy Service Companies in the sustainable management of corporate assets. This is yet another way that recycling goes unnoticed as a legitimate way to reduce energy consumption increase corporate sustainability. Aside from the legal obligation of some businesses to recycle their universal waste such as light bulbs, ballasts, batteries, and mercury devices, there are also environmental reasons too such as energy conservation and resource conservation.
Recent data suggests that, as energy use and prices are becoming a greater concern, ESCOs are here to stay and, as such, recycling for the energy service sector is bound to increase. Corporations are becoming more and more diversified and expanding their reach in energy consulting. It is our hope that this leads to more recycling and reducing corporate waste.
Recycling companies are poised to play a big role in the future of corporate sustainability and energy savings. Whether working behind the scenes with contractors or working publicly with Fortune 500 companies, recycling companies will be vital in future as we continue to strive for increased sustainability.