In an effort to reduce costs, some banks have been cutting dangerous corners — getting rid of their dumpsters. What might seem like a benign practice to forgo waste services is a ticking time bomb of fees and liability. Administrative departments at banks that hire unlicensed parties like janitors to handle waste transportation and disposal open the entire bank up to unfavorable circumstances. Some of the consequences include fines, pollution/unintended illegal dumping, bad PR, embarrassing trash mishaps, unintentional security breaches, and local tax avoidance. These are just some of the repercussions of turning a blind eye to poor waste practices.
It’s not enough to have front-of-house procedures for managing waste.…
All financial institutions risk malicious insiders using access to an organization’s secure areas and sensitive materials to break the law. As economic anxiety ensues, the rise in bank fraud continues to skyrocket, with scammers impersonating banks and lenders, and targeting personal and business banking customers. COVID downtime and desperation have resulted in more unscrupulous tactics for insiders to uncover your customer’s data. We’re seeing an increase in thieves mining financial institution waste, both paper, and e-waste.
We know financial institutions have their front-line FTC (Federal Trade Commission) and FDIC (Federal Deposit Insurance Corporation) protocols in place. Most banks feel like their protocols are adequate.…
What’s does 2022 have in store in the world of waste management? The pressure is on to increase diversion from landfill and improve recycling quality. Read on to learn about the latest trends and how these might impact your business.
The EPA has set a National Recycling Goal of 50% recycling by 2030. With nationwide recycling levels having stalled in the low 30 percent range for the past 20 years, it’s going to require a significant leap in capacity and capability to reach this goal. Businesses will be expected to do their part.
There are three objectives to the National Recycling Strategy:
- Reduce contamination in recycling.
After concrete, wood is the second greatest component of construction and demolition (C&D) waste. Nationwide, wood contributes between 20-30% of all C&D related debris and it accounts for almost 10% of all material sent to landfills each year.
But unlike concrete and steel, which have relatively high recycling rates (98% and 82% respectively), lots of C&D derived wood waste goes straight into the dumpster and then to landfill, costing construction companies heavily. Click here to read our article on concrete recycling.
And worse still, according to a U.K. study, as much as 10-15% of wood procured for new construction projects ends up in recycling or waste streams without being used at all.…
Avoid Hefty Fines for Improper Dumping of Hazardous Materials
In September of 2021, the Contra Costa County District Attorney’s Office, together with 33 other California District and City Attorneys, reached a settlement for violations of hazardous waste regulations against the beauty company Ulta. The ruling followed an investigation of Ulta stores’ improper storage, handling, and disposal of hazardous and other regulated waste and inadequate employee training. The company has five stores in Contra Costa County and 161 facilities in California.
Under the settlement, the corporation must pay $439,500 in civil penalties, $250,000 in costs and $62,500 in supplemental environmental projects. The company will also be required to implement compliance assurance programs.…