How to Create a Sustainable Business
By Space Coast Daily // January 8, 2020
Countries around the world are mobilising in the fight against climate change. Even Russia, whose leader is adamant that human behaviour is not the cause, has changed its policies and approach to better combat the rising temperatures and to take advantage of the small benefits global warming in their country has caused.
For businesses, this means you can expect greater restrictions, especially if you intend to sell to countries with the strictest policies.
You can also expect greater backlash from the public, or even a loss in loyalty if you do not do your part for the planet. A sustainable business, of course, goes so much further than just being green. It is an approach that profits people, the planet and revenues, and you can create a sustainable business in every industry.
Sustainable Businesses Can Be Found in Every Industry
A sustainable business is one that has approached and adopted sustainability into its business model. You can start any business and make it sustainable with the right steps, planning and mindset.
In return, you can reduce costs, reduce waste, garner the love and loyalty of consumers and futureproof your business all at once.
How to Create a Sustainable Business
1. Create a Thriving Business Model
Sustainability is a moot point if your business model is not up to scratch. You need a strong, successful business idea and work in sustainable elements along the way.
2. Introduce Circularity
You can do so much more with your waste. By sorting it correctly, you can either reuse it in your production or sell it on. You will need to invest in a few key components – a baling system and quality baling wire from balingwiredirect.com to start – but once you have the system in place, you can start making money back from the waste that used to just cost you money.
If you cannot reuse your own waste yourself, then see if other businesses are happy to take it on. Recycling centres love metals, glass and paper products. As for food waste and other items, there are new innovative companies emerging all the time, who are turning food waste into textiles and non-recyclable plastic into new materials like shoe soles.
Allowing another company to turn your waste into a new product is the very definition of circularity, and it could, at the very least, save your company money, and at most, bring you in a new revenue stream.
3. Improve Transparency
You need to know where your materials come from, who works with them, how they get made, how they get shipped and so much more.
A huge challenge with sustainability is ensuring that your values are applied to every step of the supply chain. The first step is to ensure that you have total transparency from your suppliers, and switch suppliers should issue arise.
The environment should be respected, people should be respected and communities improved thanks to your business and suppliers.
1. Reduce CO2 Input
CO2 impact should be reduced as much as possible. To truly be sustainable, however, you will need to be climate positive. This means donating to or running your own carbon off-set program.
2. Give Back
Climate positive means doing more good than harm. It means clearing the air of more CO2 and particulates than your business produces.
It means giving back to communities, strengthening them and improving them. To be sustainable, everyone must benefit.
