Environmental costs of paper waste

As Claimed by the Resource Conservation Alliance, 40% of the world’s trees harvested is used to produce paper. Unfortunately, the degradation of forests is only part of the story. The life cycle of paper damages the environment from beginning to end. It starts off with a tree being cut down and ends by being burned – emitting carbon dioxide in the atmosphere

Economic costs of paper waste

Paper itself may not be expensive, but the costs spent on storage, copying, printing and postage add up expenses. Studies estimate that associated paper costs such as these total to roughly 30 times the actual purchasing cost

How much money do you spend on paper waste?

Industry research firm Gartner, Inc., estimates that as much as 3% of a company’s revenue is spent on paper, printing, filing, storing and maintaining files of information. Furthermore, the average office worker uses 10,000 sheets of paper a year. It is also concluded that 50% of the waste of businesses is composed of paper

How can you calculate the cost of paper consumption and waste?

The cost of paper consumption includes:

Paper cost. You can find it in the invoices or in the list that you get from the suppliers

Printing and photocopying costs. At the cost of the paper itself, you must add the cost of printing and photocopying since these are the main uses of paper in the offices

Document shredding costs. Offices that handle sensitive information must adhere to rigorous document destruction. These costs include the price of the equipment, labor and resources involved in this task