Australia has faced significant challenges in managing waste. The government has started to respond by investing more in sustainable waste management technologies, changing how they think about waste, and making it part of the solution for their environment. Traditionally, waste is seen as waste. But in Vik Bansal’s view, waste is an opportunity, which they need to embrace as an industry solution to creating a sustainable future.
What is the Closed-Loop Economy? The closed-loop economy is how the country will design and manage its economy in the future. It is a technological revolution that is being driven by the reuse and recycling of materials. But, again, Australia needs to look to its culture, history, unique resource economy, and climate. If they don’t take the lead on the issue, they will stick in the last century.
Stitcher’s “A Leader is a Dealer in Hope |Vik Bansal”, Blenheim Partners’ Gregory Robinson is delighted to talk to Vik Bansal, Chief Executive Officer and Managing Director of Cleanaway Waste Management Ltd. In an inspiring episode, Vik lays the groundwork for what makes success. He reinforces this notion by sharing his own story and how the risks he took which others declined, ultimately spring boarded him on a global career. His enthusiastic and relentless drive has established him as a leader of the highest degree.
Vik Bansal, the Cleanaway Waste Management Inc CEO, says there are many opportunities when it comes to waste management. The country is already investing a lot in innovation to manage the resource. For example, there are close to 800 companies working in closed-loop design and management in Australia. They also have many good companies working on infrastructure—building cities that are 100 percent recyclable.
Waste is primarily not a cost; it’s a resource. And that’s what makes it so attractive. Under Vik Bansal, Australia has an opportunity to create a more sustainable future. The one key factor is getting the value of its waste back to its origin to recycle and reuse. By using recycled material, they can give it a purpose again and make it relevant and meaningful. How can they change the mindset of the average Australian about the use of materials and how they need to care for them?
All stakeholders must take responsibility for where they are putting things into the system. That includes what they are producing, how they are protecting and preserving their natural resources. Changing the way, they view waste and value it again will help them create a more sustainable future for everyone.
Vik Bansal leads the biggest waste management firm in Australia, Cleanaway Waste Management. The executive officer prides in decades of experience in various nations and industries.
Bansal created a strong foundation for the venture by creating an operational model. He managed to spot and cut down unnecessary costs. To him, rebranding and having a proper mission statement was the vital components to make Cleanaway regain its pride. The firm’s market cap was less than $1billion, but it was over $5 billion after he took the helm. A year after taking charge, the company was awarded for the turnaround of the year. He has garnered global awards and recognition for his corporate turnaround. See this article to learn more.
View his LinkedIn profile on https://www.linkedin.com/in/vikbansal2903/