Seco Tools prioritizes separating economic activity from the consumption of finite resources and designing ways to remove waste from the system of economic activity. The company aims to be 90% circular by the year 2030, with a number of broad changes to processes and business models leading the way.
Ted Forslund, Sustainability & Audit Coordinator at Seco Tools says, “It’s a challenging target, but we see this as very important for our company and our business,” According to company sources, Seco Tools already have reliable recycling processes and its plan is to create awareness among its clients about the value of reclaiming tools and make the ecosystem a closed circle where nothing goes to waste.
According to Seco Tools, only 8.6% of the resources are recycled, which means that over 90% of everything is used once and then disposed of. Due to the nature of their business, the company is in a strong position to change that paradigm by reclaiming tools that have reached the end of their productive lives and recycling or repurposing them into new tools.
Environmental concerns are growing in the public sphere and suppliers and customers are keen to see initiatives that address them. According to Ted Forslund, the customers know that Seco Tools produce high-standard products using recycled materials without any quality drop-off.
“Recycling is only one component,” says Ted Forslund, “however there are other aspects to the circular economy, and we have to look at them all.” Questions like how can be the products designed, last longer, and recycled when they reach the end of their utility, how can they be produced using renewable energy, and the establishment of sustainable supply chains is the essence of a circular economy.
Recycling helps in terms of minimizing waste but there is a wide range of areas that can be analyzed with a view to stopping the “leakage” of valuable resources – delivery chain logistics, sorting, warehousing, risk management, power generation, and even molecular biology and polymer chemistry. Seco Tools expects to enable the economics of circular design with their cost-efficient and better-quality collection and treatment systems and effective segmentation of end-of-life products.
For more details, visit www.secotools.com
