SINGAPORE - More red packets are getting a new lease of life in Singapore as businesses expand collection points around the island dedicated to recycling the festive envelopes, which are typically discarded after Chinese New Year.
There are currently more than 140 locations around the island with such facilities, including all DBS/POSB and most UOB branches, where people can recycle their red packets throughout the year. Electricity retailer Geneco, for instance, collected a total of more than 1,040kg in 2022, up from more than 410kg the previous year.
Mr Daryl Chew, general manager at Tay Paper Recycling, which coordinates red packet recycling for five companies, said such single-stream services help reduce the time taken by the waste paper company to sort through red packet waste. Among the companies that have started recycling collection points is UOB, which recycled a record 2,540kg worth of red packets in 2022.Ms Lilian Chong, UOB’s head of group brand and corporate social responsibility, said the group has expanded from boxes at 20 selected UOB retail branches when the initiative was launched in 2020 to 42 branches in 2023.
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