Why Sustainable Efforts Benefit Your Business Bottom Line

Julie Starr • October 25, 2022



Sustainability is often represented as
an effort we undertake , at our own behest and cost, and by pursuing a worthwhile outcome. In some cases, this might be true. For instance, energy-saving bulbs may require a bit of an adjustment when first using them, but the electricity savings are profound. We’re willing to make that difference.

In many cases, however, sustainability in business is often seen as an added cost that may not be worthwhile unless it can serve an operating cost reduction, improve a marketing purpose, or otherwise.

There’s more to business sustainability. Business sustainability strategies offer advantages in liming your spending and those expenditures may not be as expensive as you had thought. If applied correctly, they may even help your bottom line in the best possible context.

With this advice, you’ll be able to move forward and manage a positive result. Let’s see how and why sustainable efforts benefit your business’s bottom line.

Marketing Possibilities & Conscious Consumers

As mentioned above, there’s nothing wrong with marketing your sustainability efforts provided they have substance, and you can prove, transparently, what improvements you’re making. Reducing plastic in your packaging, sponsoring worthwhile causes such as donating to environmental causes, or supporting smaller initiatives by bringing them on as suppliers can make a fantastic case as to why a consumer would choose your business over another. You may be surprised at just how effective this can be in the long run, because the conscious consumer is no longer a niche, but a growing norm of the market.

Sustainability Is Its Own Form Of Innovation

Becoming more sustainable is a means by which you can present new products or value in a better way, even if that original product hasn’t changed. For instance, if you shift your packaging to become completely recyclable, there is a marketing opportunity to engage previous and new customers with this messaging while simultaneously, educating them about sustainability in the process. Of course, you will have provided new value, but as you can see, sustainability can help a business become fresh and present, provided you keep up with the sustainability standards, reporting, and communicating appropriately.

You Can Cost Sustainability Into Your Pricing

In many cases, consumers are happy to pay that little bit extra in order to go for the product that has less impact on the environment. So, while putting up your prices dramatically just because of less plastic use is probably not a good idea, any more stringent efforts can be costed and perhaps made up for slightly. For the most part, consumers will accept this as a good reason to why they should consider a renewed price, especially if it’s subtle. You can use tools such as an amazon repricer to achieve that appropriately-pitched cost in the best terms.

With this advice, we hope you can see how sustainability efforts not only have a limited impact on your bottom line, but can benefit it, or at the very least mitigate the cost of your new efforts.

By Julie Starr 07 Oct, 2024
Becoming more eco-friendly and running a greener business is a responsibility that business owners really need to think more about. The good news is that if you spend a lot of time in your office, there are plenty of ways to make it more eco-friendly without having to overhaul everything and start again (which isn’t just disruptive, but expensive too). So, if you’re ready to get started, here are some simple steps to make your office space more eco-friendly; read on to find out more. Use Energy-Efficient Lighting This idea is a simple one that you can do no matter what else might be on your list of tasks - it’s quick, easy, and really makes a difference; change your light bulbs to something more energy efficient. If you’re still using traditional fluorescent bulbs, it’s time to upgrade to LED which doesn’t just last longer, but also uses a lot less energy. They’re easy to install and they’ll help you cut down on your office’s energy usage almost instantly. If possible, you should make the most of natural light too, so think about rearranging your workspace to let in more sunlight, which saves energy and can boost your mood - it’s a win-win that you can do right away. Prioritize Air Quality The air you breathe matters, and keeping it clean can do wonders for your health and the planet. One way to improve air quality is by adding plants to your workspace because plants are natural air purifiers, and as a bonus, they’ll make your office feel more inviting. Another great idea is to make sure your office’s HVAC system is working efficiently, and having air duct cleaning done by professionals is an easy step you can take to improve air quality and ensure your heating and cooling systems aren’t wasting energy. Clean air ducts mean cleaner air, less strain on your system, and even lower energy bills, so it’s a simple but really effective thing to do. Switch To Reusable Products If your office is still stocking up on single-use plastic items, it’s time for a change - swap your disposable cups, utensils, and plates for reusable ones and you’ll be surprised at how much waste to eliminate. And what about encouraging people to bring their own mugs and water bottles to work? Give them tea, coffee, and water to refill everything with, and you’ll be doing your bit to help the planet and have less waste to deal with as well. And don’t stop with these things either - there are loads of reusable products that could be useful in your office. You could have refillable pens and ink cartridges for your printer, for example. Go Paperless Speaking of your printer, is that an office machine you actually need? If you were to go digital and aim for a paperless office , you might be able to do away with the printer, which means less money spent on ink and paper, and less energy used altogether. You should be able to set up a system where documents can be shared online and stored electronically, and there are plenty of tools around to help you do exactly that (and much more). If you don’t need to print something and you don’t need a physical copy of a document, don’t make one - just use the digital version instead and you’ll be a lot more eco-friendly.
By Julie Starr 04 Oct, 2024
Sustainability often gets pushed on the common person. Joe Public is told to be more sustainable with their daily habits as the government pushes for more eco-friendly measures. This is all well and good - but does it really matter when 71% of greenhouse gas emissions come from just 100 companies around the world? Small business owners are desperate to prove their sustainability, but what are bigger companies in some of the most polluting industries doing to help? We’ve taken three of the least sustainable sectors on the planet and explored the unique ways they’re trying to cut down on emissions and be more eco-friendly. Mining Any industry revolving around drilling underground will not be very environmentally friendly! Mining causes a lot of pollution, but its unsustainability often comes from the way it damages local environments and ecosystems. So, what is this industry doing to change things? It’s largely focusing on more responsible mining practices to reduce waste and mitigate the impact on local environments. This is done through mining dust suppression systems to prevent airborne pollution, reforesting mining sites when they’re no longer in use, and recycling as many materials as possible. Is it perfect? No, but it’s a step in the right direction. Fossil Fuels Shock horror; the fossil fuels industry is the most damaging to our environment. Finding ways to change the scope of this sector is the key to ensuring a better future for all. Some companies in this industry are trying to do this through carbon capture and storage. This is a technique where CO2 emissions are captured before they’re released into the atmosphere and stored underground. Realistically, the main thing fossil fuel companies should be doing is pushing for more renewable energy sources. Many are doing this - though reports suggest they’re not investing as much as they should. If fossil fuel companies dumped more money into developing biofuels and other renewable sources, pollution from this industry would drop dramatically. Fashion The most unbelievable stat to take from this post is that the fashion industry is responsible for 10% of our global carbon footprint . That’s remarkable (and worrying), considering how most of us don’t view it as a “dangerous” industry. Fast fashion is the main problem; poorly-made goods are pumped out at a rapid rate, and consumers constantly buy new things. Fashion companies are trying their best to resolve this. Most big brands will now have sustainable lines using recyclable materials. Consumers also hold the key to solving this problem: stop buying new clothes all the time and wear yours for longer. Or buy pre-owned clothes to slow down the fashion production line. Companies can still do more as well: they are trying to adopt more eco-friendly production processes that use less water and energy. The moral of this post is that everyone can do their bit to fight for a more sustainable future. Keep this in mind for your small business . It doesn’t matter what industry you’re in; there will always be ways to promote eco-friendly practices.
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