5 Concerns You Need to Think About in Your Sustainable Business

Julie Starr • July 14, 2021



Running your own business can bring about many different concerns that you have never considered. These concerns can be even tougher to manage if you are aiming for a sustainable business. Here are some of the things you need to watch out for.

Carbon Footprint

A business’s carbon footprint has become a hot topic over the last few years, especially after it was discovered that large companies were offsetting their carbon footprint by buying allowances from smaller companies. Although there is a good chance you don’t need to offset your footprint, how big is it? There are so many variables to take into consideration such as product delivery, the waste, and pollution from making your products. The big question is, could you be doing more to reduce your footprint in your business?

Finances

Getting funding for a business can be tricky but there are a growing number of options available for the sustainable entrepreneur. As governments around the world battle to reduce their own carbon emissions, they are opening up funding to companies that are more eco-minded. A collection agency isn’t required for certain types of funding as there are green business grants available if you are following certain guidelines. This is something that everyone should consider looking into because the greener your business is, the more funding it could get.

Waste Management

So, you have got the green funding and have reduced your carbon footprint from outside sources, but what about your waste management? Your waste management and carbon footprint go hand in hand together but they are still two very different things. Waste management may be the easier one of the two for you to control. Recycling food waste as compost, upcycling office furniture instead of buying new stuff, and going digital are all ways to reduce your waste. This in turn will help your carbon footprint.

Ethics

When it comes to staff and your company, you probably want people who share your own ethics. Employees of sustainable businesses often search out their potential employers because of the values that the company has, rather than the paycheck. If you do find that someone doesn’t share your values or the values of the company, you might be tempted to let them go. This is illegal and you could get in a lot of trouble. However, if their values and ethics don’t line up with yours and they think they can get away with racial abuse, sexual abuse, or anything in this vein, then that is something else. A sustainable business must ensure that its employees are looked after and have a strong ethical code of conduct.

How is Your Company Impacting the World?

This is a tough question to answer but hopefully, the general answer is “making it better”. It doesn’t matter how big or small your business is, it can still have an impact on the world around it. Every year, have an audit and see how your business is doing and see if there is any way that it can improve on what you have been doing. You might be surprised with some of the ways you have been making the world a better place.

By Julie Starr December 17, 2024
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By Julie Starr December 16, 2024
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