The production of secondary raw materials through the national recycling industry helps to avoid importing raw materials, with a clear economic advantage for a country like Italy that, in first approximation, can be measured by applying to the quantities of individual materials recovered the respective market prices.
Collective Schemes such as Remedia play a fundamental role in the recycling industry, given that through the re-insertion in the market of secondary raw materials they allow to reduce the import of raw materials from abroad, generating a concrete and tangible economic advantage for the country. This advantage feeds an economy strongly linked to the territory and can be converted into monetary form by applying the respective price to the volumes of materials recovered, which varies from year to year depending on the fluctuating trend of the markets.
About 89% of the household WEEE managed by Remedia in 2019 was sent for material recovery. Of these 103,147 tons, 93% is made up of copper, lead, aluminium, plastic, scrap iron and glass and materials with high added value, the recovery of which has saved over 43.3 million Euros in imports.
As a non-profit Collective Scheme, the goal of Remedia is not to increase its revenues, which derive from the fees of the Producers to cover the management costs of EEE at the end of its life-cycle, but to maximise its environmental performance in an economically more efficient way, i.e. with the aim of reducing the fees to be paid by Producers per unit of waste managed. For Remedia there is a strong association between environmental protection and economic performance. The latter one is essential to ensure full compliance with environmental standards as well as allowing Remedia to innovate and continually improve its processes by constantly guaranteeing the highest levels of quality. Nonetheless, quantifying the progress made by the Collective Scheme is not a simple operation, mainly due to the fluctuations in the prices of materials and additional variables that make a year-by-year comparison difficult.
In 2019 Remedia generated an economic value of 38.4 million Euros, an increase of 42.5% compared to the value generated in 2018, mostly deriving from the environmental fee paid to the Collective Scheme by the Producers. During the 2019 financial year, Remedia distributed to its various stakeholders, to cover the costs incurred by the Collective Scheme during the year for waste collection and recovery activities, 29.6 million, equal to 77.2% of the economic value generated.