Planet Ark and HP release sustainability report

A new study from electronics manufacturer HP and Planet Ark has found 90 per cent of Australian consumers and businesses are concerned about environmental sustainability, with more than 70 per cent willing to pay more for environmentally friendly products.

The HP Australia Environmental Sustainability Study 2018 was commissioned to discover the perceptions, value and behaviours of Australians toward environmental sustainability.

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It surveyed more than 1000 people aged 27 to 53 and more than 600 businesses ranging from one to four employees to 51 to 500.

According to the study, most consumers and businesses see marine plastic pollution, landfill waste and the impact on the natural environment as the three leading environmental sustainability concerns.

The study also found a lack of awareness about e-waste, reporting that half of Australian consumers and 44 per cent of businesses do not recycle printer ink and toner cartriages.

HP South Pacific Interim Managing Director Paul Gracey said Australians are starting to recognise the impact of their day to day behaviours.

“Through this research collaboration we aim to help Australian consumers uncover new ways to help the planet, while putting a spotlight on the need for businesses and brands to take meaningful action towards becoming more environmentally sustainable – both for the health of the planet and to future-proof their business,” Mr Gracey said.

Planet Ark Recycling Programs Manager Ryan Collins said it is no longer enough for companies to have environmentally sustainable practices and should encourage these behaviours in others.

“Today’s consumers have good intentions but look to brands to help them to make positive changes towards protecting the environment in their day to day. At Planet Ark, our focus is on enabling companies to be part of the solution and we’re proud to be working alongside HP to better educate Australian consumers and businesses,” Mr Collins said.

For more information on the report, click here.

Industry input sought for VWMA economic report

Victorian waste and recycling companies are being called on to contribute to an industry report on the economic and social contributions the sector provides.

The report, commissioned by the Victorian Waste Management Association (VWMA), aims to provide specific metrics the waste and recycling industry generates for local, regional and national communities.

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It will also aim to help improve communication between the industry, government and community to help build confidence and trust in the sector.

The VWMA aims to highlight the importance the environmental and health benefits of the sector to the community as well as the economic contributions from jobs and investment.

Queensland Economic Advocacy Solutions Economist Nick Behrens is working with VWMA to complete the project, which is similar to work carried out in Queensland and currently in the Northern Territory.

A survey is currently open until 14 September to gather data to create anonymous, aggregated high level industry statistics which will be drawn upon to prepare various positions, communications and policy formation in the future.

The survey also includes questions about insurance to, general questions about government guidance and accessing government support.

VWMA Executive Officer Mark Smith said it is important for the waste sector to come together and start to shape its own story for the government.

“An important element in that story involves the contribution made to the Victorian economy,” Mr Smith said.

“Most industry sectors publish their own data sets and reports into economic contribution and employee numbers to communicate and express their importance to local and state government and to the community. It is important our industry does the same.

“With an election this year and a new four year-term state government elected, this report will be a useful resource for our sector in advocating for industry support, regional development and regulatory and insurance challenges into the future.”

To complete the survey, click here. Results are anticipated to be released in the first week of October 2018.

Bingo Industries release FY18 half yearly report

Bingo Industries has announced its half year results for the 2018 financial year, reporting strong net revenue growth of 43 per cent.

The company’s net revenue has increased to $142.4 million compared to this time last year, which according to its1H FY18 half-year results, reflects business momentum and increased market share.

The acquisition of National Recycling Group and Patons Lane Recycling Centre, announced in December, 2017, are noted as performance highlights in its half-year results.

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CEO of Bingo Daniel Tartak said he was pleased to deliver another strong result.

“We have successfully executed several acquisitions in accordance with the strategy outlined at the time of our listing. These acquisitions have facilitated our entry and expansion in Victoria and consolidated our position in New South Wales, ahead of schedule.

“We have grown our network capacity by 70 per cent since listing in May 2017 to 1.7 million tonnes per annum and remain on track to double our footprint by 2020, to meet growing demand for recycling,” he said.

“This demand is underpinned by population growth, major infrastructure programs in Sydney and Melbourne, growing waste volumes together with diminishing landfill capacity. Meanwhile, we remain firmly committed to delivering a recycling recovery rate across the network in excess of 75 per cent, the highest in the industry.”

Broken down by segment, revenue in its collections sector increased by 29.1 per cent to $78.5 million and pro forma earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 18.9 per cent to $18 million, primary driven by increased market share in the NSW building and demolition and commercial and industrial waste streams.

The number of collection vehicles was boosted from 173 to 253 over the year, after taking into account the fleet acquired with the acquisitions in the first half.

Its post-collections revenue went up by 53.4 per cent to $81.8 million and pro forma EBITDA increased by 53.2 per cent to $24 million as Bingo saw further market share in NSW.

In terms of the outlook, the results note the positive business momentum has continued into the second half of financial year 2018. The company concluded it remains on track to deliver its recently upgraded FY 18 pro forma earnings before interest, taxes, depreciation, and amortisation guidance of approximately $93 million. Completed acquisitions are expected to contribute more materially in the second half of FY18.

“Our work in hand with and pipeline provides strong revenue visibility and we remain confident of achieving our upgraded earnings guidance for the year. Our focus is now firmly on bedding down our recent acquisitions to deliver our targeted synergies and leverage the scale advantage we have across our markets,” Mr Tartak said.