There is a common understanding that eco-friendly practices can be costly for businesses. However, this statement is not necessarily true , as is being proved over and over again by the growing number of businesses who have adopted innovative, environmentally-friendly methods, techniques and even machinery. And, what’s more, many are profiting from doing so.
Different alternative energy and sustainability practices have become increasingly popular over the last two decades. Such systems include wind farms, Australian Solar Energy, the Elon Musk battery plant and more. With this in mind, it should come as no surprise that many Australian companies have jumped on the eco-bandwagon to take advantage of the numerous benefits that eco-friendly policies and actions offer businesses.
Continue reading for more information about how different companies have transformed their working practices to be more environmentally-friendly.
What Have Businesses Implemented To Improve Their Environmental Impact?
A large number of businesses have introduced new practices to join the fight against climate change and reduce their negative impact on the environment. The following are just some ways Australian businesses have adopted an eco-friendly company culture and mission.
Many companies have dramatically reduced their levels of waste, not only by promoting internal recycling but also by endeavouring to purchase recycled materials. By switching to recyclable or recycled paper and using recycling bins in offices, organisations are minimising their impact on the environment.
In this same vein of eco-activism, many businesses have installed solar panels and hot water systems as well as rainwater tanks. Harnessing the energy of the sun and reusing rainwater to meet the needs of their business, companies are lowering their outgoings and their carbon footprint.
In the last number of years, conducting energy audits has become common practice. Through these audits, companies can quickly analyse their power needs and usage with regards to business installations, infrastructure, logistics and appliances.
With this knowledge, businesses can then make the necessary changes based on the suggestions and recommendations from the audit. This allows companies to adopt practices that are more environmentally-friendly and employ more energy-saving policies such as using biodegradable cleaners and LED lighting. Additionally, offices become more energy-efficient by removing older, wasteful devices and goods, replacing them with newer, greener options.
One sure-fire way to ensure sustainable practices are developed over time in a company is to involve the entire staff. A large percentage of businesses have been able to reduce their negative footprint by promoting various schemes within the workforce.
Programmes such as carpooling and fostering the continued use of public transport or bicycles for the daily commute are very popular among pioneering organisations.
Benefits of an Eco-friendly Business
By improving different aspects of the business, companies are able to sow the seeds for a better future for the business. These efforts will not only have a positive impact on the individual impact of the company but the industry in general.
In addition to the obvious positive effects that implementing eco-friendly practices can have on the surrounding environment, many organisations have, and continue to, experience huge reductions in their business costs. This can be with regard to the energy consumed, other products used by the company, increased profits due to attracting eco-conscious consumers and much more.
Initiatives involving employees have proven very beneficial in maintaining a high level of staff retention. Staff feel, not only that they are engaged in positively impacting the environment, but that their company is a spokesperson in their sector.
To Adapt Or Not To Adapt? The Eco-Friendly Business Question
Profits have risen for many companies that have made changes to be more eco-friendly, dispelling the common myth that eco-friendly practices are not economically viable. As indicated in the Finkel Review 2017, the leading companies that practise sustainability and take into account climate change when deciding policies and new working methods are outperforming those who do not at an alarming rate.
The future seems to be clear with regards to environmentally-friendly procedures. More and more companies are adapting their practices to stay in line with sustainable practices, lowering their impact on the environment.