Waste Management through CSR

The Increase in population results in an increase in customers, to satisfy the wants of the customers the company produces an end number of products.

This results in expansion of companies, market competition, Innovation of new products, increase in purchases, but in this scenario, the companies ignore the harmful effect they cause on the environment.

A large amount of waste is generated as the consumer uses more products which become difficult to dispose of. Purchase of products for daily need is a continuous process and many products are made of plastic and other non-degradable materials hence it creates problems

in disposal.

Findings :

• As per the research, about 2.01 billion metric tons of solid waste is generated annually and the world bank estimates overall waste generation will increase till 3.40 billion metric tons by 2050.

• Countries like the United States of America, Canada are likely to generate 34% of the world's waste.

• Mostly the waste is generated from industries like Manufacturing & Fashion. Manufacturing industries use plastic, metals and other electronic materials which cause hazardous waste which creates air, water and soil pollution.

• As per the source, the average customer throws 31.75 kilograms of clothing per year and globally produces 13billion tons of textile waste. Around 57 % of the discarded clothing ends up in landfill and 18 % is reused and recycled.

How Companies Can Do CSR on Waste Management?

Many companies are focusing on their Corporate Social Responsibility (CSR) activities in waste management. They can use the method of three R’s which is classified as Reduce, Reuse, Recycle. It will help to cut down the amount of waste generated by using alternatives for non-degradable products, to make the products reusable and recyclable. Using recyclable materials for making a product will be the best decision a company can make in their waste management activity. As the process of production and consumption is continuous in nature

another fourth R ‘Repeat’ can be added in this hierarchy. Hence the companies can follow the process of Reduce, Reuse, Recycle, Repeat to safeguard the environment as their Corporate Social Responsibility.

Reputed companies like Samsung, Nestle & Tata have started waste management as their CSR activities. Innovative Financial Advisors Pvt Ltd (Fiinovation) took the initiative to guide and provide solutions to companies for their CSR activities. Fiinovation is working on different projects in different parts of the country and these Fiinovation Projects are appreciated by many companies as their investment in Fiinovation CSR activities brings effective results. CSR and sustainability excellence (CCSE) is Fiinovation’s Non Profit foundation who strive to uplift individuals and communities by working in education, health, sports, livelihood and other areas of relevance. Recently Leading Automotive Tyre manufacturer and HFCL made a partnership with Fiinovation for their projects. Fiinovation news about different projects is covered by media channels like ANI News & Economic Times to maintain transparency of their work and to Educate the corporates about their CSR activities Fiinovation believes in Simplicity, Transparency and Quality which make it stand out of the crowd and trusted by many Organizations. To know more about ongoing project companies can contact Fiinovation through their social media channels like Facebook and Linkedin.

Contact through the Links: Fiinovation Facebook

Fiinovation Linkedin

Fiinovation CEO: Dr Soumitro Chakraborty, Chief Executive Officer of Innovation Financial Advisors Pvt Ltd (Fiinovation) is honoured with CSR Leadership Award 2017 for his contribution in CSR and sustainability and for Best Environment Friendly Project.

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase-III, New Delhi - 110020, Delhi, India.