Save Money Save the World
- mkphillips8720
- Nov 10, 2020
- 2 min read
Corporations and many financially institutions are adapting to a global standard for environmental risk management that will help reduce their impacts on the Earth. In this generation there is more public pressure than ever for corporations to be held accountable for their actions and impact on the environment. Here are tips and tricks a company can use to reduce their impact on the planet, and create more profit and interest from investors.
Lower utility and operations cost- Switching to LED and energy star certified alternates can help reduce energy cost. Using renewable energy like solar, wind, or hydroelectricity can reduce energy cost and carbon emissions. Trying to create a Net-zero energy use company would be best.
Going paperless- Utilizing current systems like cloud networks can help companies reduce waste. Using electronic systems can cut a corporations paper usage in half. Company’s can also save on packaging by using recyclable products instead of plastic.
Telecommuting-There has been a push for more opportunities to work from home due to health concerns. Telecommuting allows people to work from home. This saves people from having to commute to work. The company then can use less electricity during operating throughout the day and reduce its energy consumption.
Landscape– Adding trees helps reduce the carbon dioxide from the air surrounding the company. This fresh air can help filter out toxins that can contribute to allergies and illness. Landscaping helps increase the productivity of the work place, and also helps to reduce the amount of sick days taken by an individual.
Reuseable products– Recycling old, used, and damaged items that the company produces can help reduce manufacturing cost. It can also help quality improvement strategies to create something better for the consumer.
Reducing or eliminating chemical use– chemical coolants commonly used at retailers and other manufacturing or distributing operations emits a lot of green house gas. Changing to zero emission alternatives can reduce the companies impact.
Special tax cuts- provide incentives to pursue more sustainable methods of operations. Switching to eco-friendly options can decrease financial burdens, revitalize a tarnished reputation, and protect companies from legal and ethical liabilities.
Addressing the current environmental issues can help provide a sustainable and socially acceptable way to continue the operations of the institution. A company that is working hard to reduce its over head cost and complying with new green alternatives to help sustain the world for the future to come is more likely to get attention from the investors. In the long run becoming more environmental friendly will gain a larger return on investments and create more profits for the company.
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