Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >Boxes in the basement: is your paper set to self-destruct?
    Business

    Boxes in the Basement: Is Your Paper Set to Self-Destruct?

    Published by Gbaf News

    Posted on November 7, 2012

    5 min read

    Last updated: January 22, 2026

    Add as preferred source on Google
    An image depicting boxes filled with paper documents stored in a basement, emphasizing the risks of poor storage conditions on crucial business information. This illustrates the challenges discussed in the article about paper's vulnerability to damage.
    Boxes of paper documents in a dark basement, highlighting risks of physical storage - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    People are in love with paper. It’s one of the longest love affairs in history. In the near 2,000 years since it was first created, paper has become the keeper of mankind’s history, culture and beliefs. Despite the explosion in digital communications, our passion for paper shows no signs of abating, and the business world is no exception to this trend. CAT6757

    A growing body of evidence shows that reducing the business dependence on paper could boost efficiency, reduce risks and cost, and enhance a firm’s ability to extract and harness the full value of their information.  Yet a study earlier this year  found that for a third of firms the consumption of paper is going up. One in ten companies with between 500 and 5,000 employees said their use of paper is in fact increasingly rapidly.

    In Europe, 58 per cent of mid-sized firms store all their paper on-site , and the most popular on-site storage space for business is the basement. Unwittingly, this could mean the beginning of the end for those assets.

    The trouble begins because, in a world where information has tangible business value, those responsible for paper documents focus first and foremost on the content of a document rather than on the paper itself.

    So they gather up the papers with information they want to keep and protect, put them in a box or folder, arrange them neatly in alphabetical order on shelves in the basement, ensure they have a detailed record of what is held and where, switch off the neon strip-lighting and lock the door behind them.

    Left behind in the dark, paper documents are at the mercy of their chemical and physical environment.  Temperature and humidity are the often first to attack; but over time insects and rodents, pollution and chemical contaminants can take their toll as well.  Then there is the potential risk of flood or fire damage.

    Protecting paper from all this is a challenging task.  It demands strictly controlled climatic surroundings, with stable and preferably low temperatures, low relative humidity (but not so low that paper dries out and becomes brittle), limited exposure to light (but not so low that shade-loving mould is able to flourish), good ventilation (which can leave the door open for rodents and insects) but low levels of pollution (which can be a challenge for basements in urban areas), dust control and safeguards against chemical cross-contamination from other materials, including other documents and even things such as shelving, paint and packaging.

    All this is exacerbated by the fact that paper is by its very nature extremely prone to deterioration.  Before 1850, paper was made using long plant fibres such as cotton, flax or straw that meshed together to create strong and durable paper.  Today paper manufacturers use short-stringed and therefore weaker wood pulp, which is then strengthened artificially using aluminium-sulphate, and battered about during the mechanical production process. Recycling paper weakens the structure still further.

    In the case of brochures or glossy documents other chemicals are then added to the mix in the form of dyes, inks and adhesives.

    This has created highly acidic documents that essentially come with a built-in self-destruct button.  Not only are they physically less resistant to attack than older paper, the very act of deterioration releases chemicals that accelerate the process and can damage other documents stored alongside.  Decomposing newspapers are the greatest offenders of all.

    Not surprisingly, many firms do not have the time or resources to address all these risks, or even to fully understand them; and inevitably compromises need to be made between the ideal environment for paper storage and business needs in terms of access and use.  Moving paper archives out of the basement could address some of these risks, but also introduces additional ones in terms of heat, smoke and light damage, not to mention the potential accidental damage caused by a clumsy employee.

    So what can a company do?  We recommend that businesses take a good hard look at their paper-based information; decide what is most important to the business, or used most often, and then digitise those documents; archiving the remainder in a secure, environmentally-controlled and monitored off-site location.

    In the longer term, however, it is important to create a culture where employees become less dependent on paper.  The AIIM study quoted above found that a staggering 77 per cent of e-invoices received by firms are promptly printed out as hard copies, and in 10 per cent of cases more than once, and in 16 per cent of cases only to be re-scanned as a digital PDF later, with the hard copy presumably ending up in the basement archives.  This is an inexcusable waste of resources and paper. If you took just one step to mark the third annual ‘Word Paper Free Day’, let’s hope it was a commitment for this to eradicate this kind of practice in your workplace.
    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostOne, Two, Three, Four? How Many Women Are on Your Board?
    Next Business PostNew Carbon Reporting Legislation for Leading Businesses