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Esignatures Vs. Paper: A Sustainability Showdown
Take a beat and look around you; you will see tonnes of papers in your daily lives. It isn't easy to imagine a world without paper, right?
Even in a world driven by technology and digitization, the ubiquitous presence of paper in our lives remains undeniable. From data storage to newspapers, magazines, and office records, paper plays a significant role in our day-to-day activities. However, this dependence on paper comes at a staggering environmental cost.
Every year, we celebrate days that talk about environmental consciousness and pledge not to litter and conserve our resources. These are the days we remind ourselves about the damage we cause to our planet. But they are also meant to help us finally realize that it is critical to change our behavior.
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The Disturbing Impact of Deforestation and Paper Waste
"A nation that destroys its soils destroys itself. Forests are the lungs of our land, purifying the air and giving fresh strength to our people."
– Franklin D. Roosevelt
According to researchers, human activity results in the destruction ...
... of a staggering 15 billion trees annually, leading to a 46% reduction in our planet's green cover. The consequences of such deforestation are far-reaching, impacting climate change, biodiversity loss, and ecological imbalance.
"50% of the waste of businesses is composed of paper."
According to MAPFRE, each ton of paper that we don’t use for printing saves about 20 trees, 7,000 kWh of electricity, and 5,000 liters of water. The staggering statistics reveal that half of the waste generated by businesses comprises paper. From towering stacks of printed documents to reams of discarded sheets, our reliance on paper leaves an indelible mark on our environment.
And it’s not even worth it!
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What is the true cost of paper to your business?
The toll on our productivity and finances is often overlooked in a world consumed by paper. On average, an employee handles over 10,000 documents annually, vividly depicting the paper-intensive landscape we navigate daily.
As of 2023, the seemingly innocuous cost of physical paper hovers around 32 cents per document, with an additional $27 expense if the document needs to be sent elsewhere. But this is just the tip of the iceberg. When we delve deeper, the full extent of paper's impact becomes apparent - expenses soar as ink, toner, energy consumption, and valuable time spent searching for, filling out, and printing documents add to the financial burden.
Intriguingly, depending on the signing method, the average cost per document page can escalate to a substantial $30. However, this is not the end of the story. Hidden within these figures lie the unaccounted expenses linked to document replacements, rectifying errors, and the myriad challenges that surface during the signing process. These factors constitute the most costly elements in any signing transaction.
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