Powering the Future with London’s Waste: An Innovative Solution

Powering the Future with London’s Waste: An Innovative Solution

Powerday, a leading London-based waste management company, was founded with a principle of eliminating non-hazardous waste from landfill sites. The company has extensively invested in state-of-the-art recycling and recovery infrastructure to set a new benchmark for recycling and waste management services in London.

The company’s recycling operations focus on maximizing the recycling potential of waste from its mostly construction industry clients. In 2022, Powerday partnered with some of the UK’s most forward-thinking material re-processors to keep waste plastics in the circular economy, extending their lifespan and reducing their carbon emissions.

Despite the company’s strong commitment to recycling, it still receives large quantities of non-recyclable waste. To reduce the environmental impact of the UK’s waste, the company has invested in recovery capabilities, producing approximately 100,000 tonnes of refuse-derived fuel yearly. The high-quality fuel goes to create heat and power at some of the most efficient energy-from-waste plants in Europe.

Powerday is dedicated to generating social value through its day-to-day operations. The company has measured its carbon footprint for several years and taken measures to reduce its carbon emissions. Recently, the company announced its ambitious net-zero target for scope 1 and 2 emissions by 2040, with interim targets of reducing emissions by 20% in 2023, 30% in 2026, and 50% in 2030 against a 2021 baseline. The company has registered its commitment to the UN Race to Zero through the SME Climate Hub and is planning to understand its scope 3 emissions to set an equally ambitious target by the end of 2024.

Powerday has been using its sustained growth to support disadvantaged young Londoners by investing more than £14 million in London-based boxing clubs in hard-to-reach areas. This has helped over 80 estate-based boxing venues and intervention projects, enabling 400 volunteers to do more for their communities. The company supports voluntary community clubs such as Repton (Tower Hamlets), West Ham (Newham), and Dagenham Police (Dagenham and Redbridge), which contribute towards safer and more cohesive communities.

Powerday aims to ensure financial success while being responsible towards the environment and local communities, especially young Londoners who are essential to the future of the capital city. The company generates social value beyond its size and believes that responsible business practices can lead to business growth.

Jack Wilson is an experienced finance writer and analyst with a deep understanding of the global economy, stock market, and personal finance. He holds an MBA in Finance and has worked in the industry for over 12 years. Jack's insights and commentary have been featured in various financial publications. In his spare time, he enjoys investing and following the latest market trends.

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