For a long time, a lot of companies were hesitant to go green since they assumed it was going to be too restrictive and even impact their growth. The reality is that it isn’t only an ethical question to go green, it’s also an economical one. There are many benefits to making your business more sustainable and one of them is how much money you can save.
These savings will help your company stay more competitive and resilient. The key is to practice a corporate culture called ESG. This is a system that helps companies evaluate growth factors such as Environment, Social, and Government to come up with a sustainability strategy. When you figure it out, the savings follow. In this article, we will go over some of the money-saving ways to go green.
1 – Use fewer fossil fuels
There is a finite amount of fossil fuels so it is a good idea to not overuse them until the point when they run out. This is in addition to the fact that they are a major contributing factor to the buildup of greenhouse gasses and global warming. Big companies use a lot more fossil fuels and contribute a lot of greenhouse gasses to the environment.
By using fewer you are doing the planet a favor and making the air cleaner for living creatures to breathe. The savings are also significant. This is because fossil fuels are also getting very expensive. The scarcity of them, and the fact that a lot of producers are bad actors on the world’s stage make the price volatile.
For example, if your company uses a fleet of trucks then switching to an all-electric fleet will cut the costs down considerably since you are not refueling them and paying pennies on the dollar for the electricity that powers them. Or, you could install solar panels and power your office for free instead of paying high electricity costs.
2 – Go paperless
In the digital age, paper is essentially becoming obsolete. There is little need to shuffle documents around when it can all be done digitally now. Even important documents that need to be signed can be done electronically eliminating the need to print out things like contracts.
Becoming a paperless office will save a lot of money on supplies. Not only will you be paying less for the actual paper, but you will also use printers far less than before. With the high cost of printer ink, these savings are significant.
Since paper uses a lot of water, trees, and other resources, it is better to go paperless as soon as possible.
3 – Allow telecommuting
Running an office is very expensive and requires a lot of resources. When you keep most of your team working remotely then you can downsize the office and save a lot on utilities. Since the pandemic showed that there is little downside to having the team work remotely, it makes sense to continue the practice and save money.