The recent report highlights progress made towards delivering the UK circular economy.
Veolia, the global resource management company, has highlighted its progress in delivering the circular economy in the UK following the launch of its most recent Sustainability Report, published today. In less than two years, the company has transformed from an energy, water and waste services provider to one that manufactures green products and energy and develops tailored solutions for resource efficiency.
The company is at the forefront of a resources revolution. Over 25% of Veolia’s business is already circular and the company is aiming to reach 40% by 2020. Growth is being supported by a £750m investment in the UK over the next five years as well as increasing revenue from sustainable innovation projects.
At the launch of the report, Estelle Brachlianoff, Senior Executive Vice-President of Veolia UK & Ireland said, “We need to be even bolder in realising that the circular economy presents for the UK right now. For our customers, tomorrow’s environmental challenges require action and innovation today and in the last year our activities have reduced carbon emissions by 2.15m tonnes. As Responsible Business of the Year this emphasises our progess, and the future opportunities for our customers and the communities we serve.”
In the UK, Veolia diverts up to 98% of customer waste from landfill, generates sufficient low carbon and renewable energy to power the equivalent of over 1.5m homes and produces over 200,000 tonnes of compost.
Over 350 apprentices are employed, 65% of procurement spend is with small to medium-sized enterprises, and in the public sector up to £4 of social value can be achieved for every £1 spent.
To preserve water resources the company is using the latest data driven technologies to reduce water leakages from an industry average of 22% to below 4%, and helps industry to recycle around 300 million litres of water for reuse. Customers and communities get the energy they need from 590MWe of low carbon and renewable energy which includes releasing the potential from transforming household waste, sewage and food waste into heat and electricity.
The environmental and social advances made by the company have been widely recognised through a number of leading awards including Business in the Community’s (BITC) Responsible Business of the Year, BITC Sustainable Products and Services Award, and the Queens Award for Enterprise in Sustainable Development.
To see a copy of the report visit http://www.veolia.co.uk/sustainability.