2. Rent instead of sell. Recycling, no matter how good, is not enough, because businesses are ultimately depending on the end users to recycle their unwanted goods. So some companies, instead of selling products to customers, have turned to renting or leasing them instead. In this type of “servitization,” or selling the use of goods instead of the goods themselves, companies effectively retain the ownership of the goods throughout their life cycle, as customers must return the product to the sellers. Take Renault’s electric cars as an example. Instead of selling the batteries to its customers, the company leases them. This means that when the batteries no longer work, the manufacturer can re-engineer or recycle them for future use.Another example of servitization is Mudjeans. In this case, when the customers no longer want a pair of jeans, they are asked to return them, at which point Mudjeans will reuse the material to make new jeans or turn them into vintage pairs. The company saves money on sourcing materials, wastes less, and attracts a new segment of environmentally conscious customers.