BINGO report highlights $18M in recycled product sales

BINGO Industries generated $18.1 million in recycled product sales in the 2020 financial year, according to the company’s recently released Sustainability Report.

The report also highlights an 83 per cent resource recovery rate across BINGO’s NSW operations, and development on the company’s 82-hectare Eastern Creek Recycling Ecology Park.

“With a licence to process up to two million tonnes of waste each year and capable of both material recovery and recycled product manufacturing, the Ecology Park is a one-of-a-kind recycling precinct in Australia,” the report reads.

The site currently recovers around 85 per cent of materials it collects, and when development is complete, will be capable of processing and recycling all building and demolition and commercial and industrial waste streams.

According to Chief Executive Officer Daniel Tartak, the Materials Processing Centre 2 at Eastern Creek is expected to be operational early next year.

“The $70 million we have invested in this advanced recycling facility will enable us to fully utilise the two million tonnes per annum capacity at Eastern Creek and increase the diversion of waste from landfill,” he said.

“We also received approval to extend our operating hours at our West Melbourne recycling facility to 24-hours, increasing our operational capacity and deferring the need for further capital to enhance recycling capacity in the short-term.”

The company’s total network capacity now stands at 4.6 million tonnes per annum, up from 3.8 million last year.

The report also notes an 82 per cent improvement in steel recovery on the previous year, with 42,830 tonnes recovered.

Additionally, BINGO has reached 23.6 per cent female representation across the company’s leadership team and delivered its Responsible Sourcing Program.

The program sets out BINGO’s expectations for its supply chain and includes a Supplier Code of Conduct that establishes its expectations of suppliers.

It also incorporates BINGO’s approach to managing risks associated with modern slavery in the supply chain.

“We significantly strengthened our social credentials during the year, particularly in our engagement with social enterprises,” Tartak said.

“We have actively engaged with diverse supplier groups, including Aboriginal and Torres Strait Islander Peoples, those with disabilities, ex-offenders and those who have sought refuge in Australia.”