The Engine that Drives the Circular Economy in the Construction Industry
The construction industry generates 40% of landfill waste, including surplus new materials. Contractors often order a high percentage of surplus materials to avoid work delays. This generates thousands of tons of carbon emissions exacerbating climate change.
Surplus Material Orders
Contractors typically order a high percentage of surplus materials to avoid work delays due to potential supply chain issues & site damage. This leads to over €100 billion worth of spare materials annually in the EU, creating significant environmental & financial waste.
Environmental Impact
The production and transportation of surplus materials result in thousands of tons of carbon emissions. These materials often end up in recycling or landfill, the lowest parts of the value chain, further contributing to environmental degradation.
Regulatory and Reporting Pressure
EU and UK regulations are increasingly demanding detailed ESG reporting from construction companies, including 'Scope 3' carbon emissions from their supply chains. Collecting this data is challenging, especially from smaller suppliers.
At Loop Your Spare (LYS), we are developing an innovative tool and change management process to incentivise all participants in a project's supply chain. Our approach ensures financial benefits for companies collecting Scope 3 data, boosting their engagement.
Value Rentention
Retain the value of spare materials, significantly reducing environmental impact.
Integrated Logisitics
Integrate logistics, transport, and storage functions, enabling efficient material transfer between sites
Seamless Materials Transfer
Easily share spare materials between projects with our searchable inventory.
AI & Analytics
Our platform uses artificial intelligence and business intelligence analytics to optimise value
Our tool is crafted with the latest scalable technologies and artificial intelligence (AI) to revolutionise the construction industry. It integrates seamlessly with key sector tools and connects directly with material databases for efficient EPD and carbon emission calculations. Harmonising with your existing Line of Business (LoB) applications and facilitating advanced data visualisation, our platform empowers companies with comprehensive analytics and insights. Powered by AI and tailored to your specific needs, it sets a new standard in efficiency and sustainability for construction projects.
The benefits of using LYS extend beyond merely reducing the costs associated with over-ordering materials
1
Optimise Resource Management
LYS helps you achieve the highest value for spare materials, reduce logistics costs, and minimise double-handling. This optimisation not only increases the net profit of your projects but also enhances the overall profitability.
2
Reduce Environmental Impact
Utilise LYS to significantly reduce embodied carbon in projects & minimise construction waste sent to recycling and landfills. Through this, your company can contribute to a greener environment while complying with regulatory requirements.
3
Enhance ESG Reporting and Rating
Improve your company's ESG reporting and rating with LYS, positively impacting your ability to secure and finance projects. Clients, especially in the private sector, prioritise ESG ratings when awarding contracts, giving your company a competitive edge.
Experience seamless integration with our advanced platform tailored to enhance your current workflows. From effortless third-party tool integration to AI-driven customisation, streamline operations and elevate sustainability in construction management.
Our team at LYS is a consortium of WR Logic, SYGD, and a diverse amalgamation of experts and partners from various fields—architecture, construction, circular economy, sustainability, technology, AI and digital transformation.
Whether you're a developer tackling industry challenges, a visionary investor eager for change, a contractor helping to shape the tools of tomorrow, or anyone keen to collaborate in building the future of construction, we're here to connect!
If you're interested in a presentation or demonstration, reach out, and our team will be in touch soon. Let's build a better tomorrow together!
