Hazardous wastes
Hazardous wastes are substances that pose a significant risk to human health, the environment, or both. They are generated from various industrial processes, manufacturing activities, and everyday household activities.
Key Matters and Considerations in ESG
Here are some key points about hazardous wastes:
– Definition: Hazardous wastes are classified as such based on their inherent characteristics or specific properties that make them dangerous. These properties include toxicity, flammability, reactivity, and corrosivity. Examples of hazardous wastes include certain chemicals, solvents, pesticides, heavy metals, radioactive materials, and medical wastes.
– Health and Environmental Risks: Hazardous wastes can have detrimental effects on human health and the environment. Exposure to hazardous wastes can lead to acute or chronic health problems, including respiratory issues, organ damage, cancer, and reproductive disorders. Improper disposal or release of hazardous wastes can contaminate soil, water bodies, and the air, affecting ecosystems, wildlife, and natural resources.
– Regulation and Management: Due to the risks associated with hazardous wastes, they are subject to stringent regulations and management practices to minimize their impact. Many countries have specific laws and regulations in place to control the generation, transportation, treatment, storage, and disposal of hazardous wastes. These regulations aim to ensure proper handling, containment, and disposal of hazardous wastes to prevent harm to human health and the environment.
– Waste Minimization and Recycling: One approach to managing hazardous wastes is to focus on waste minimization and recycling. By reducing the generation of hazardous wastes through process improvements, efficient resource use, and the adoption of cleaner technologies, the overall environmental impact can be reduced. Recycling and recovery of hazardous waste materials can also help conserve resources and reduce the need for new raw materials.
– Treatment and Disposal: Hazardous wastes that cannot be minimized or recycled require proper treatment and disposal. Treatment methods include physical, chemical, or biological processes to neutralize, stabilize, or remove hazardous components. Once treated, hazardous wastes may be disposed of in specialized facilities designed to contain and manage the waste safely, such as hazardous waste landfills or incinerators.
– International Cooperation: Hazardous waste management is a global concern, as the improper handling and disposal of hazardous wastes can have transboundary effects. International agreements and cooperation, such as the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal, aim to regulate the movement and management of hazardous wastes between countries, ensuring environmentally sound practices and preventing illegal dumping.
Proper management of hazardous wastes is essential for protecting human health and the environment. Strict adherence to regulations, waste minimization strategies, recycling efforts, and safe treatment and disposal methods are crucial to reducing the risks associated with hazardous wastes and promoting sustainable waste management practices.
About GreenCo ESG Consulting
GreenCo is a professional ESG advisory firm accredited with ISO 9001 in ESG Reporting and Climate Policy Advisory Services. Established in 2016, we were born to tackle ESG and climate risk management challenges. GreenCo has a professional team consists of talents with multiple backgrounds with
- PhD
- Practitioner Member of the Institute of Environmental Management and Assessment (IEMA)
- CFA (the CFA Institute) and Certificate in ESG Investing
- EFFAS Certified ESG Analyst (CESGA)
- Completion of Certified GRI Training Programme
- Certified Public Accountant (for assurance in accordance with ISAE 3000)
- Member of Global Association of Risk Professionals
- Master’s degree in envirnomental science
GreenCo has solid track record in ESG advisory for over 70 listed companies in Hong Kong, Mainland China, Singapore and Korea, covering all industries under the Hang Seng Industry Classification System.