From avoiding food waste to reducing single use plastic – sustainability is one of the top priorities on the agenda for catering and hospitality businesses. But despite the effort to reduce carbon emissions, surplus catering equipment is still ending up in landfill. Why? Because many struggle to see the value in the items they no longer need. Circular economy expert Ramco is here to change that.
Working in the food industry means being used to a fast-paced environment – no one likes having angry customers complaining about waiting times. To keep up with this pace, many kitchens invest in the latest equipment and replace the old one, hoping for more efficiency. But what happens to the outdated kit that’s no longer needed? Sad reality is, it often ends up in landfill or rots in storage, where it will never be used again. On a mission to give every surplus asset a second lease of life, auction house Ramco wants to show the value these unwanted items still hold.
Ramco’s value finder tool underlines this claim with concrete numbers and shows the amount of CO2 that can be saved by reselling unwanted items. Let’s have a look at the burner range oven from 2020 for example, a fully functioning machine in good condition, that had never been used but was about to be scrapped. Good thing it found its way to one of Ramco’s auctions, where it was not only sold for £820, but going forward, also saves 12282kg’s of CO2 because it is kept in operation.
Ramco’s research from last year made the evidence for their business case even more clear: There are almost £59 billion worth of unwanted assets sitting idle in UK businesses, leading to an average of £10k per organisation in the UK. The research further revealed that 75% of Senior Managers in the UK dislike the idea of unwanted equipment ending up in landfill and yet 59% of businesses have disposed of their working equipment by sending it to scrap or landfill in the last five years.
From reducing carbon footprints, to freeing up storage as well as generating financial returns – the benefits of re-selling unwanted assets are strong. Looking at these benefits as well as the sustainability journey of the industry as a whole, it becomes clear: There is a need to understand the value of unwanted items and how they can be reused. Ramco is here to help the catering and hospitality sector in this effort, support the industry’s sustainability journey and will continue to ensure that no surplus catering equipment unnecessarily ends up in landfill.
Do you have equipment sitting idle? Ramco’s value finder tool might help you to find out what carbon savings and financial return can be generated by giving assets a new lease of life. Visit the Ramco website here and start a conversation today.