3 Sustainable Solutions To Improve Your Business

By Rebecca Lam

26 July 2018

Sustainability in business not only helps to maximise profits, but reduces the carbon footprint for the company, and the globe.

In 2012, the European Commission announced that SMEs were responsible for almost 64% of pollution in Europe. Whether your business is a start-up or an established company, following sustainable solutions will be extremely beneficial for your business. Below are the three R’s we recommend that every business should follow to minimise your carbon footprint and maximise your profits.

 

Recycling

The mindset that businesses are too small to make a difference is problematic – as waste products regularly disposed by businesses such as paper, plastic bottles and electronic waste products are some of the most common items sent to landfill – despite being the easiest to recycle.

Many governments all over the world run schemes to promote the eco friendliness of businesses, especially within the European Union. Capital grants are offered to businesses for introducing energy efficient modifications and recycling schemes to their businesses, and assistance can also be provided for consultancy fees related to emission reductions.

 

Reducing emissions

Reducing your company’s emission output can greatly improve its efficiency. The carbon dioxide emissions created from travelling or flying to meetings are detrimental to the environment. Video conferencing is an efficient and underused method to solve this issue if the meeting can be done remotely.

Cycling schemes are another innovative idea to reduce the carbon footprint of your office. The UK’s Cycle to Work scheme gives business owners the opportunity to loan bicycles to their staff for a percentage of their salary. Carpooling is another productive and cost efficient method to make sure your employees make it to the office on-time and without damaging too much of the ozone layer.

 

Review

Businesses must be forward-thinking and constantly review the impact their organisation is having on the environment. Managing and preventing potential risks and consistently finding new solutions to implement and innovate is necessary.

The role of sustainability in risk management is not a concerning factor to many, as seen with Deloitte’s survey on 300 major companies around the world on risk management. Reputation risk was cited as the area of highest concern and sustainability was not featured on the list. Sustainability concerns are not seen as a threat to disrupt business models, with their attention more directed towards change, including social media, big data, mobile, cloud, and cyber security.

 

 

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Rebecca Lam