Implementing Green Business practices and Clean Technologies pays off!
The pandemic has forced the entire business community to review its practices, mode of operation and values. After implementing several changes within your company, why not continue to reflect on your future and continue to have your ways assessed?
Sustainable development is a way of developing that meets current needs without compromising the ability of future generations to meet theirs. This approach aims to develop activities over the long term and takes into account the environmental, social and economic dimensions, which are now inseparable.
In a world like today, sustainable development is even more important. It is also recognized technologies that companies that implement eco-responsible business practices and that use clean ones stand out from the others, in addition to having weathered the crisis with greater agility.
This can easily be explained by:
- Reduced resource operating costs
- Reduced supply risk through a more local chain
- Improved processes following the adoption of a digital project
- Greater competitiveness thanks to the revision of the business model
If you work at a company that wants to change business practices, make a difference and integrate more sustainable projects, but you’re not sure where to start, we’re here to guide you!
The advantages and benefits of sustainable development
Today’s consumers are increasingly informed and aware of the impact of their choices when making purchases. Thus, in their eyes, a company must find a way to give back in one way or another to its employees, but also to the community. It must be a good “citizen” and question its contribution, both internally and externally, whether through its involvement or its commitments to the environment or social commitment, for example. Employers must have a real mission and deep values. This change in mores is increasingly important for potential candidates and consumers.
Before you get started, you must understand that there are a multitude of advantages to making your business more eco-responsible, both environmentally and financially.
Sustainable development makes it possible to reduce the costs of operation and exploitation of resources
For example, it is recognized that at least 25% of the heat produced in industrial processes or by HVAC systems is lost. Energy efficiency initiatives make it fairly easy to recover a large part of this heat, called waste heat, and reduce your energy bill and your greenhouse gas (GHG) emissions by the same amount. Also, as the cost of landfilling residual materials increases each year and the regulations are more and more restrictive, it also pays off for your wallet and your reputation to put in place a good management of your residual materials. However, also keep in mind that it is even more profitable to act upstream by receiving the quantity of raw materials used and sent to landfill by rethinking your products and your manufacturing processes through circular economy strategies.
Establish a sustainable development policy facilitate access to financing, because responsible investment is taking more and more space on the market
For example, the new benchmarks of the largest fund manager in the world, BlackRock, take sustainable development into consideration when choosing the companies in which they should invest.
The implementation of eco-responsible business practices and the use of clean technologies make it possible to have and develop markets
The demand for more eco-responsible products or business models is changing. For example, by using an eco-design approach to products or a revision of the business model that integrates circular economy concepts, it becomes easier for green companies to increase their market share or capture niche markets. . Another good example is the concept of the functional economy, which consists of selling the use of a product rather than the product itself.
Newer Articles
- 3 Underrated Funding Sources for Start-ups
- Important Steps In Every Skincare Routine
- Is Botox Right for You?
