World We Dare to Imagine 3
Waste Erasers: Managing the Environmental Impact of Electronic Waste
About Us and Our Mission
In a world grappling with pressing environmental issues, electronic waste (E-waste) has emerged as a major concern. All of our old computers, phones, printers, TVs, batteries, and CDs have contributed to 70% of the overall toxic waste our planet faces, with a measly 12.5% actually being recycled. 85% ends up in landfills or incinerators, releasing harmful chemicals that contaminate our soil, water, and air. Unrecycled E-waste also further drives demand for rare earth mining to create new products, often involving exploitative labor practices.
At Waste Erasers, we're committed to simplifying E-waste recycling for individuals and businesses worldwide to combat these alarming numbers.
Objectives
1. We aim to enhance awareness and convenience in communities by strategically placing E-waste recycling bins near schools and community centers, making recycling as visible and accessible as possible.
2. We recognize that many businesses require E-waste solutions particularly when they need to relocate. Therefore, we plan to develop exclusive partnerships with commercial relocation companies to manage and recycle the E-waste they encounter during these transitions.
3. Dissemble and re-sell: We will transport the collected E-waste from bins and businesses to our recycling center. There, the items will be disassembled and sold to manufacturers for reuse in new products.
Points of Differentiation
While many companies address E-waste, Waste Erasers stands out for our dual focus on both community and business solutions. Our strategic partnerships combined with our streamlined process where we do it all from collecting, disassembling, and selling the recycled parts to new product manufacturers, further separates us because of our ability to ensure quality control
Global Initiative
Waste Erasers plans to launch in LA but we also aim to expand our operations globally, targeting other major E-waste-producing markets such as China and India. A possible first global location could be Tamil Nadu, which is the second largest E-waste producing state in India. According to a study by the NIH, 60% of research participants in Tamil Nadu are unaware of the term E-waste or E-waste handling. Approximately 95% of e-waste is managed by the unorganized sector and scrap dealers who dismantle the discarded products instead of recycling them. Only 5% of India's total E-waste finds its way to formal recycling.
My Relationship with the Subject
Taking AP Environmental Science in high school really opened my eyes to the environmental issues we are currently facing. This prompted me to volunteer in activities such as beach clean-ups and tree planting in my hometown. Where I learned about the massive problem of E-waste was through conversations with my uncle, who works in E-waste management, as well as with my brother who works at Apple in the Environment, Health, and Safety department.
Why AMDP Should Invest
Investing in Waste Erasers aligns perfectly with AMDP's triple bottom line approach:
People: We make E-waste recycling accessible, and raising awareness.
Planet: We mitigate environmental pollution, conserve natural resources, and counteract the harmful effects of improper E-waste disposal.
Profitability: By selling recycled electronic parts, we generate revenue while promoting a sustainable circular economy.
Global Expansion: With significant potential for global growth, particularly in regions like India with E-waste challenges, investing in Waste Erasers offers many growth opportunities.
https://www.theworldcounts.com/stories/electronic-waste-facts
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6236536/
Comments
Post a Comment