Building a Sustainable Business: Eco-friendly Practices
Today, it’s critical for companies to practice environmental stewardship. Consumers want products made from sustainable materials, and employees want to work for ethical companies. Even investors are jumping on board, filling their portfolios with companies that follow environmental, social and governance principles.
Besides being a hot-button issue, many eco-friendly initiatives also save companies money. With so many reasons to act sustainably, you may be wondering where to start.
How to Create a More Sustainable Business:
To design a business with sustainability at its core, you must incorporate eco-friendly practices into every operation. Consider how every department and function of your business can make a positive impact and limit its effects on the environment. Here are 3 GREEN strategies to consider:
- Encourage Remote Work
While not every business can support remote work, many can transition to a partially remote or hybrid workforce. If doing so is possible for your team, you stand to reduce your energy usage. Encouraging remote work can instantly lower your electricity bill. You’ll spend less on lighting, climate control and plugged-in office equipment.
- Buy Green Office Supplies
Besides paper, companies can switch to greener versions of many office supplies. Instead of single-use plastic utensils for the kitchen, consider reusable cutlery and dishware.
- Recycle and Reuse
Recycling is an essential step for any facility to improve its sustainability. Make office recycling as easy as possible by providing recycling bins next to all trash bins.
According to the PwC Sustainability Report, navigating regulatory complexity and harnessing value from environmental information is becoming increasingly crucial for businesses. The EU’s Corporate Sustainability Reporting Directive (CSRD) is just one example of a new regulation, requiring some 50,000 businesses to report more about their sustainability performance than ever before.
If you haven’t already incorporated sustainability into your company’s mission statement, you need to create a plan for implementing new sustainable practices. Your formal plan will establish priorities and set time-bound goals for improvement.
The directive to ‘save the planet’ can be overwhelming but it’s about making responsible decisions to reduce your business’ negative impact on the environment.
It will also help you to be more efficient and save money on energy.
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