Can your business afford not to go green?

by corp seed Legal Consultant

For many business owners, the words "Go Green" can send them into the realm of the unknown. Going green has never been more important than asking yourself, "How do we go green?" Some business owners ask, "Can we even afford to go green?" A better question might be: can you afford not to?

There is no doubt that one of the main concerns of any business is to maximize profits. Soon after, your business will need to be operated in a manner that has minimal impact on the environment and the health and safety of the community in which we operate.

How affordable and achievable can it be to go green and get better results for your business?

There is a misconception that changing business habits to be more sustainable can be costly. It could have been around 30 years ago, but it's safe to say that today's greener society has suggested more realistic and practical ways to be sustainable.

Going beyond compliance with environmental regulations makes economic sense. By improving the sustainability of your business, you will depend less on raw materials, which shows a greater chance of long-term success. Furthermore, companies of all sizes and in all industries have a responsibility to their customers and the environment.

Be more attractive to consumers

According to a 2018 Nielsen study, 46% of global consumers are willing to forgo a brand to buy a greener alternative. Consumers care less about traditional brand loyalty if it means aligning loyalty with more sustainable and socially responsible brands. This is especially important given that, as of 2015, Millennials (arguably the most open to change and most environmentally conscious generation) surpassed baby boomers as the largest generation and group of people. consumers both globally and in India.

The study also found that 62% of global consumers are willing to pay more for products or services from sustainable companies and 55% for socially responsible brands. In circumstances where protecting the environment can cost a few dollars more, the days of disconnecting your customers are long gone. Consumers are simply better informed about environmental impact and its protection and are buying it now rather than turning their back on it.

Going green can improve a company's reputation. In fact, some consumers are now demanding it from businesses.

Government Benefits

You may not be aware that Australia's federal and state governments, as well as some local governments, offer grants and other financial support to businesses in various sectors that are environmentally friendly. This includes storage, education, food, and hospitality, and medical care.

In addition, awards are given for the recognition of sustainable businesses in each state and region. These include the National Carbon Offset Standards, which recognize companies that commit to reducing their emissions, and the Premier Sustainability Awards in Queensland and Victoria, which showcase leaders and companies setting standards for 'the environment.

Efficiency saves money

There are also, many circumstances where green operation, especially by reducing waste can save your business money. Reducing costs is maximizing efficiency and vice versa. This means that you are optimizing your waste disposal solution to be economical and sustainable.

One way to optimize your waste disposal solution is to adjust bin sizes and collection frequencies. If you find that collections are coming in too often or if your trash cans are only in half, cutting them down will not only save you money, but it will also carry energy.

Another way to optimize your solution is to make sure your employees sort their waste correctly, especially if your business produces specialized waste that is increasingly expensive to collect and dispose of. It can be as simple as making sure your employees recycle correctly (since recycling is one of the most cost-effective disposal methods), or if you're in the medical industry, making sure your employees don't dump normal waste in their medical containers. Good waste separation is one of the easiest ways to act sustainably.

If you limit yourself to these simple, long-lasting changes, you can significantly lower your long-term business costs.

Is Your Business Ready To Go Green? Corpseed is a leading Indian waste management company offering general, recycling, and industry-specific waste management services. We offer sustainable solutions at the most competitive prices on the market. For more information, speak to one of our friendly experts on +91-7558-640-644, Contact us here, or request a free estimate here.