Top ways to improve your business sustainability
Have you ever considered the impact your business has on the environment? As a business owner, it’s important to consider the long-term sustainability of your company and how you can reduce your carbon footprint. From reducing waste to investing in new energy-efficient equipment, there are plenty of ways to make your business more eco-friendly.
Here are some ideas and tips for improving the sustainability of your business:
Energy efficiency and cost savings
using less energy, water or raw materials can reduce costs as well as damage to the environment
Energy supply and security
using renewable resources such as solar power or wind energy may reduce reliance on fossil fuels and help meet growing demand for energy without increasing carbon emissions
providing staff with healthy working conditions, training and development opportunities can improve morale and increase productivity by reducing absenteeism or staff turnover
Recycle and upcycle
Using recycled and sustainable materials can help reduce your company’s impact on the environment. Reclaimed wood, for example, is an environmentally friendly alternative to traditional wood. The purchase of reclaimed wood helps address deforestation by reducing demand for newly harvested wood. It’s also an affordable way to add natural design elements that can help bring a more welcoming aesthetic to your office or retail space.
Reduce water usage
The average office worker uses about 150 litres of water every day — that’s enough water to fill up 10 bathtubs! Take steps to reduce water consumption in your workplace by adjusting sprinklers on company grounds to ensure they don’t over-water or leak onto sidewalks or roads. Installing low-flow toilets and taps can also help conserve water while lowering utility bills. Consider installing rain barrels,
Sustainability management software
Sustainability management software allows your business to automate the collection, analysis and reporting of environmental, social and governance (ESG) data. It can also help you identify key sustainability risks, opportunities and impacts across your entire organisation.
There are a number of ways that implementing sustainability management software can help improve the sustainability performance of your business. These include:
- Improve transparency and reduce reporting errors by automating data collection, analysis and reporting processes
- Improve sustainability decision making by correlating ESG data with financial performance
- Take a more holistic view of your business’ operations by understanding how they impact sustainability related KPIs within the supply chain
- Identify opportunities to reduce costs by improving resource efficiency and reducing waste
- Manage risk through monitoring impacts on emissions, natural habitats and communities
Take a closer look at the resources you already have in your business, and consider what would happen if one of them ceased to exist. Is that resource replaceable, or crucial? If crucial, have you planned for the worst case scenario? And what about the materials used by your suppliers – do they use sustainable techniques and practices? Transparency is key here, as only then will you know where your business stands with regards to sustainability.