Fourth-year student Joe Andersson of the University of St Andrews has recently launched his own business network, Resourced.
The network describes itself as “a network for business that attempts to reinforce profitability through sustainability.”
Mr Andersson first pitched Resourced at a competition for social enterprises, hosted by Enactus St Andrews.
A panel of judges chose his company as the winner and awarded him initial funding for his project.
The company begins with market research on the businesses within its network, where Resourced can identify “mutually beneficial opportunities to trade materials and waste.” This also allows Resourced to work to understand the member businesses on a deeper level.
Then, Resourced works together with local industries in the area and will connect two local businesses together if it appears that there is a potential for them to exchange waste materials.
With that in place, Resourced works to help its partners save on disposal and removal costs during their business endeavours, as well as working to generate a new source of revenue for the otherwise wasted materials.
Resourced notes that each of these practises are in sync with the network’s sustainability ethos, as they pride themselves on the idea of finding profit in sustainable business practise.
Mr Andersson, an Economics student and Swedish national, said to The Saint, “I am devoted to finding ways to encourage sustainability and help others see the benefits of a sustainable mindset in business.”
He added, “I created Resourced to focus on finding efficient ways to re-use or re-purpose materials. The idea comes from a simple notion that profitability does not mean sacrificing sustainability.”
Resourced will be hosting a pilot in the near future to help businesses find partners for trading surplus materials and waste products.They hope this will mean the businesses save on disposal and removal costs and even generate new streams of revenue through sustainability.
Businesses can contact Resourced at email@example.com if they are interested in the pilot scheme or networking opportunities.