Product stewardship can save money for businesses too. Several major corporations have initiated voluntary take‐back programs because these programs are profitable. For example, since the 1990’s Xerox voluntarily takes back and re-manufactures its office equipment. Xerox now leases nearly 75 percent of all equipment, diverting over 2 billion pounds of waste from landfills and saving the corporation an estimated $2 billion. These products already have value at their end‐of‐life and, therefore, offer readily available business opportunities. Legislated product stewardship has become necessary for those products that cost money to manage once discarded. That external cost has traditionally been the financial and management responsibility of local governments who can no longer fulfill that role due to the complexity of products, budget and staffing cuts.
Product stewardship also stimulates job creation. On a per‐ton basis, recycling, sorting, and processing waste create 10 times the number of jobs created by disposal.Recycling generates domestic jobs by collecting and processing materials locally, which can replace the extraction of virgin materials often outside the region. It also provides a source of raw material for the manufacturing of new products. Product stewardship’s role in creating private sector jobs is clear in countries where it has been in place for a significant length of time. Germany’s 1991 packaging stewardship law has resulted in the employment of 17,000 people.British Columbia created an estimated 2,100 full‐time jobs through programs for beverage containers, used oil, tires, and electronics.