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Iceni Magazine | August 16, 2022

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3 Ways to Improve Sustainability in Your Business

3 Ways to Improve Sustainability in Your Business

Sustainability has become a significant focus for businesses of all sizes in the past few years.

This is due to a rise in environmentally conscious consumers and increased media attention on the topic. If your business doesn’t already have sustainability as an essential part of its operations, you will need to take action sooner rather than later. If your company doesn’t currently have sustainability measures in place, you should take action to implement them as quickly as possible.

The stakes are high if you don’t meet these standards; left unaddressed, a negative reputation from unkind consumers and media can be the result. Fortunately, sustainable practices are more accessible than ever, thanks to readily available information and accessible resources. Luckily, there are several easy ways to improve sustainability in your business. Following are some tips that can help you get started on improving sustainability in your industry.

Source locally

You should always select locally sourced items when sourcing products for your business. This can be anything from food products to office supplies, though it may depend on your specific needs. Local sourcing reduces your business’s carbon footprint by shortening the distance that your goods must travel, reducing the use of fossil fuels, and decreasing greenhouse gas emissions. In addition, local sourcing often allows you to support smaller businesses in your community, which can positively affect your local economy. It is estimated that local sourcing can reduce your carbon emissions by as much as 22%.

Implement sustainability changes to your supply chain

If your business relies on a supply chain to bring products to market, you will want to assess it for sustainability. One easy way to do this is to implement the triple bottom line (TBL) into your business model. The TBL measures any company’s sustainability by looking at its financial success, social impact, and environmental sustainability. The more of these three areas covered by a product, service, or company, the better that product or service is regarding sustainability.

This affects all aspects of your business, from purchasing supply parts and products such as plastic injection moulding to your packaging and delivery options, if applicable.

Switch to renewable energy sources

One of the easiest ways to improve sustainability in your business is to switch to renewable energy sources. The availability of renewable energy sources has increased drastically in the past decade, making them more accessible than ever before. You can choose between several different types of renewable energy sources, such as solar, hydroelectric, biomass, or geothermal. Depending on your location, some of these sources may be more easily accessible than others. If you switch to renewable energy sources, you can sell your excess energy back to the grid to receive compensation for your efforts.

Conclusion

The world is becoming increasingly focused on sustainability, which means that companies that aren’t paying attention to this trend risk falling behind in the marketplace. Fortunately, it is easier than ever before to implement sustainable practices in your business. Some of the most effective ways to improve sustainability in your business include sourcing locally, implementing sustainability changes to your supply chain, and switching to renewable energy sources.


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