Sustainability Through Shared Access of Machinery

Frain’s commitment to sustainability through shared access began in 1984 when Mr. Richard Frain developed Refco Investments: a part of Frain that provides an innovative rental program and a traditional capital equipment leasing program. Through this sector, Mr. Frain changed the direction of the company’s carbon footprint, and unknowingly created an outline for what is now known as a shared economy.

According to David L. Chandler of MIT News Office, “production of a ton of steel generates almost two tons of CO2 emissions…” Repurposing Frain’s equipment back into the work place- or through shared access of machinery- saves 686,000 pounds of new machinery, and 433 tons of greenhouse emissions in one year [2015]. Our climate controlled warehouse further increases the repurposing life span, and the quality of equipment we introduce to our clients.

“This [green effort] is a perception of the company that is not known.” states James Mallory- Senior Engineer at Frain Industries, “Our commitment to sustainability comes directly through shared access, and highly impacts the way this company runs.”

Mr. Mallory sheds light on a widespread phenomenon known as a shared economic model and its connection to environmental success. For those unfamiliar with the term, a shared economy allows individuals to borrow or rent assets, primarily of high value, in substitute of a purchase. As interest in ownership diminishes, the popularity of shared access continues to rise. Companies- like Frain- push for quick and reliable access of products and services that are environmentally conscience.

Shared access of machinery saves:

1,238 machines
6,196 parts
13 tons of machinery
3 tons of test materials

Building on the foundation Mr. Frain created, and understanding the simultaneous impact it has on the company, Frain is rapidly increasing green efforts by reducing waste, repurposing equipment, recycling materials, increasing awareness through summits like the Uber Revolution Pack Summit, and providing resources like Uberization: Maximizing Idle Assets.

Resources:

http://news.mit.edu/2013/steel-without-greenhouse-gas-emissions-0508