Waste management has become a major environmental issue globally, with the amount of waste generated increasing at an alarming rate. As a result, many companies are looking for innovative ways to tackle this problem. Waste4Change, a responsible waste management company based in Indonesia, is at the forefront of this initiative. They have recently become one of the green investment areas in Indonesia, with the addition of waste management technology and digital recording in their Material Recovery House.The inauguration of the Waste4Change Bekasi 2.0 Material Recovery House was held in conjunction with a strategic discussion on green investment opportunities and constraints. This was led by Moris Nuaimi, SE, MT, MA, Director of Infrastructure Planning, Deputy for Investment Planning of the Ministry of Investment (BKPM), representing the Minister of Investment Bahlil Lahadalia. Other notable attendees included Pandu Sjahrir, Founding Partner of AC Ventures Indonesia, and Reny Hendrawati, Expert Staff to the Mayor of Bekasi for Economy, Development, and Society.
The implementation of green investment is targeted to focus on helping waste management efforts through reducing waste at the source and handling waste downstream. The Global Sustainable Investment Alliance (GSIA) conducted a survey in 2021 which stated that green investment assets in developing countries have a growth potential of up to USD 30.7 Trillion. Meanwhile, the NPAP report states that a total capital investment of USD 18 billion is needed between 2017 and 2040 to overcome the challenges of transforming business-as-usual practices to a System Change Scenario for effective waste management and recycling.
Despite this, Systemiq & Delterra data in 2022 indicate that 97% of waste funding in Indonesia still relies on door-to-door fee collection. The method of waste collection as part of taxes and utility subscription fees is a more common method used by developed countries. Funding in the waste management sector will have a major impact on sustainability. Waste management is a basic need, so there will be a constant demand despite changing economic and social conditions.
In conclusion, Waste4Change’s innovative approach to waste management with the help of green investment is an excellent example of how companies can contribute to sustainability. By reducing waste at the source and handling waste downstream, Waste4Change is making a positive impact on the environment while creating economic opportunities. This approach is a significant step forward in the fight against waste management challenges globally. It is hoped that more companies will follow this model and contribute to the larger goal of achieving a cleaner, greener future for all.
