EFMD is proud to announce the publication of The Sustainable Business: Resource-Life Extension, the newest addition to its portfolio of sustainability based education and training materials.
Available as a free download for businesses and business schools, this latest volume of application exercises is the second workbook in the series and is designed to walk participants through the beginning stages of resource-life extension, the foundation on which circular economics, cradle-back-tothe- cradle, closed-loop production and similar resource-recapture concepts are based.
Measurable results are a certainty – and any organisation that earnestly undertakes the exercises can expect to reap significant financial benefits.
EFMD offers this workbook in conjunction with The Sustainable Business and The Sustainable Business Workbook: Waste Elimination.These books are now being used as workplace training guides in a number of businesses and they can be easily put to use as a post-graduate business school elective that blends theory with application. Moreover, all three books have been translated into Simplified Chinese by National Chengchi University in Taiwan. Arabic translations will be available this summer, courtesy of the University of Dubai.
The importance of resource-life extension
To accommodate a growing population that is becoming increasingly affluent and living longer (all of which escalates material consumption), smart businesses are beginning to transform from a production-based business model into a more intelligent performance-based model that uses less to do more.
The core of this is resource-life extension, a process that helps marshal the planet’s finite resources by extending the life of materials to maximise profits, reduce waste and pollutants, and create jobs. Remanufacturing provides a good example. As far back as 2004, a look at remanufacturing used automotive engines compared with manufacturing brand-new engines revealed lower economic costs (30%-53%), lower raw material consumption (26%-90%), lower waste generation (65%-88%), lower energy consumption (68%-83%) and lower emissions (50%-88%) including:
- 73%-78% less CO2,
- 48%-88% less CO,
- 72%-85% less NOx,
- 71%-85% less SOx, and,
- 50%-61% less non-methane hydrocarbons.
Additionally, remanufacturing engines creates jobs because skilled workers are needed to take apart and inspect the old engines. Furthermore, remanufactured engines are more durable than new engines because heat and vibrations from everyday use causes new engines to solidify and settle– all of which makes a used engine stronger.
For the full article, you can view the PDF or listen to the podcast.