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Cooksey shares her top resources and insights, and explains what to do if you’re experiencing pushback from your employer or client due to perceived cost. There is a big push in the industry to achieve a higher level of transparency when it comes to the materials and suppliers that we work with. It’s all about circularity.
According to a Harvard Business School article , research shows that companies with high ESG (environmental, social and governance) ratings “have a lower cost of debt and equity, and that sustainability initiatives can help improve financial performance while fostering public support.”
Being aware of your environmental impact as a business and putting in adequate effort to reduce it can help reduce costs and increase your appeal to a consumer market that is more environmentally arware than ever. Cut down your carbonfootprint. Your business activities are closely linked to your carbonfootprints as a business.
Given the current interest in ecological products, for example, it’s no surprise that many large detergent companies offer more ecologically sound products to both increase their public imagine and their carbonfootprint. • It’s a good idea to cut ties to bad suppliers too.
One thing that has always been a main concern for companies is cost. There is a perception that to make a significant and lasting change will mean significant, additional investment that is difficult to find when costs are rising everywhere, and margins are under pressure. Changes don’t have to be massive to have an impact.
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Anna Alex A pioneer in sustainable business practices, Alex cofounded the now-defunct Planetly, a startup aimed at helping other organizations reduce their carbonfootprint. Patagonia is proving that profit doesn’t have to cost the Earth. The German serial entrepreneur is also an angel investor in the climate tech space.
It is important for organization leadership to be aware of how the dots connect and help the company, the employees, suppliers and communities. You also had to look at the cost to the community and the environment. This increases retention and lowers HR costs over time. Follow the water! he points out.
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