3.1 Waste management/recycling as business management risk

• Companies that follow procedures of proper waste management/recycling must comply with the laws, including the Waste Management Law. A company should be aware about various hidden risks that may arise in case of lack of appropriate agreement with a contractor or breaching contractor’s waste treatment/recycling practices.

• In case of violation of the Waste Management Law, the name of the relevant company and details of law breach may be publicly announced.

• The following common violations, which businesses dealing with industrial waste tend to commit, are: contraction out to business with expired license, violation of the operational guidelines of the control manifest, among others.

• It is important to remember that some waste, such as leftovers after events and defective goods, are hard to be included in a waste management/recycling system on a regular basis.