Going ‘green’, or using more environmentally-friendly practices throughout your business, can seem like a trendy thing to do. Of course, we should all do everything we can to protect the environment, preserve natural resources and generally be more eco-friendly. But does going green actually help your business?
Green Initiatives Can Help the Bottom Line
Many companies adopt greener business practices just as a matter of course. But the adoption of those practices might be slower or hindered if the company doesn’t realize the bottom-line benefits. Fortunately, there are many.
12 Ways that Going Green Can Improve the Bottom Line
From implementing green technology to switching to renewable energy sources, the following are among the numerous cost reductions and other benefits of going green.
- Less Waste – Initiatives like improved paper management, using energy efficient light bulbs and equipment, and waste recycling programs, can lower your overhead costs. Just in the case of CFL bulbs versus incandescent, the cost reductions are remarkable. CFLs are less than one-third the cost of incandescent bulbs, and cut energy costs by more than 75%, over their lifespan.
- Higher Productivity – Saving money isn’t the only cost benefit of going green. Healthier cleaning products, those that are free of compounds like sodium hypochlorite and nitrobenzene, have been linked with respiratory ailments and other health issues.
- Improved Brand Reputation – Customers have responded positively, including with more purchases, to companies who have demonstrated a commitment to long-term green initiatives. So whenever you can show a dedication to greener practices, like through more efficient document storage and recycling, you can reap the rewards.
If you liked this post, check out our recent article on three ways your company recycling program can be a data security risk.