Overview

Proper waste management is a necessary practice for environmental sustainability. Having a social, environmental and economic implication, waste management seems to share a relationship with profitability - this we are yet to find out in this research material for students.

What is waste management?
Waste management includes activities surrounding the disposal, treatment, recycling and re-usability of waste resources. Proper disposal of waste is environmentally safe as it guards against harm and outbreak. However, proper waste management is a function of responsible social behavior, economic feasibility and environmental sustainability. This brings in the responsibility of citizens, industries, and public administrators into consideration in this regard.

Why Waste management
The European directives on waste management encourage reuse, recycling, and conversion of waste resources into other forms. However, the environmental sustainability and profitability of this recommendation has remained cloudy. Meanwhile, there really good reasons for proper waste management, and they include;

To protect the environment
Conservation of natural resources
To prevent disease outbreak
Prevents erosion and environmental hazards
To manage environmental pollution
It enhances resource re-usability
Helps maintain environmental sustainability

The saying that ”health is wealth” is nothing short of how proactive measures to remain healthy can save the cost of treatment when one is ill. Man and his environment share a symbiotic relationship which makes waste management a collective responsibility. Waste management has environmental and economic benefits for citizens, industries and government at large.

Therefore, this research material seeks to examine the correlation between waste management and profitability. It also seeks to ascertain whether the profitability of waste management is of best practice.

Summary
Waste management is a necessary practice for environmental sustainability, but the use of waste resources for profitability requires cross-examination. This project takes into account the correlation between waste management and profitability and whether it is of best practice.