Business

The Basics of a Sustainable Business

Google+ Pinterest LinkedIn Tumblr

These days, businesses are more inclined towards embracing sustainability. But from knowing to doing is a long path. As a study claims, from 90% executives who acknowledge the importance of sustainable corporate practices, about 60% of them incorporate such practices into their long-term strategies, but only 25% end up rethinking their business modules and acting on them.

Big organizations like Nestle, Unilever, Nike, IKEA have already acknowledged the need to act on sustainability in the context of ecological, social and economic environment. Their sustainability initiatives serve a good example for other businesses to find solutions to material and waste issues.

There are many benefits associated with following a sustainable business module. Some of the major ones include –

Employee Loyalty

Firing and rehiring is a very exhaustive process for any employer. It consumes a lot of energy and money on paperwork, trainings, etc. Through fair and ethical practices, a sustainable business module will promotes employee loyalty.

Save Money

Sustainable practices in business help reduce annual spendings through employing eco-friendly technologies and reducing waste in energy.

Promote New Jobs

A sustainable business module is part of the new power business that manifests in a different way than the old power business. The former promotes the creation of new jobs responsible for maintaining the sustainable practices inside the company.

What is interesting is that a sustainable business module pretty much always provides good return on investment. It is a lifelong strategy companies should develop. Incorporate sustainability policies into your organization’s daily workflow to support a green environment and surroundings.