A range of risks including disruption of the supply chain has been identified in a report on sustainability from the Institute of Environmental Management & Assessment (IEMA).
The organisation represents more than 15,000 environment and sustainability professionals globally and supports individuals and organisations to achieve sustainability standards and practice.
IEMA says that price volatility, supply shortages, disruption of supply chains and reputational risks are turning the need for sustainable resource management into a business critical issue.
Its report - From Waste to Resources – includes a guide to help businesses shift from a linear model of using and disposing of materials towards a circular economy approach.
“Resource efficiency can be achieved by all organisations, from SMEs to very large businesses. IEMA’s research shows that skilled environment and sustainability professionals are vital to delivering these benefits for business.
“SMEs employing skilled professionals are already saving over £5,000 a year and the largest companies can save over £1m per year,” said Josh Fothergill, IEMA policy lead.
An accompanying briefing to the guide, entitled Sustainable Resource Management, sets out the organisational benefits for non-specialists and decision-makers.
IEMA has also developed a resource tool for businesses to assess what they need to do to achieve success through effective resource management.
69% of IEMA members surveyed said that their organisation had already identified key materials in their supply chain that are vulnerable to prices spikes or supply constraints.