Is Your Company Ready To Implement Sustainable Practices? A Look At The Pros and Cons

Modern-era consumers are very conscious of their health and the environment. Virtually everyone has a particular cause that they support or oppose. Sustainable living measures are among the most talked-about conditions for millennial thinkers. This generation of consumers demands full disclosure about the ingredients and origin of the food they eat, the clothes they wear, and the cars they drive.?

Pros of Implementing Sustainable Practices

Executive teams and business leaders consult with industry experts to determine best practices and strategies for future growth. Corporate mission statements often cite sustainability. A few highlights advocating sustainable growth include:?

Demonstrates Commitment

Business partners, customers, and even potential employment candidates want to know that your business values the planet. The swift cultural change toward responsible sourcing shows solidarity with several influential lobbyist groups.?

Potential Tax Credits

Federal, state, and local government programs offer incentives to encourage business owners to focus on sustainable practices. Simple steps such as reducing electricity usage may qualify for a tax break. Long-term initiatives such as reducing emissions and various types of pollution qualify for larger discounts.?

These examples of the benefits that come from moving toward a sustainable business offer a long-term impact on the environment. Each may lead to a reduced carbon footprint and an expanded profit margin.?

Cons of Implementing Sustainable Practices

Although the obvious benefits of implementing sustainable practices within the company far outweigh the alternatives, business owners must consider some potential drawbacks.?

Upfront Cost Requirements

Outdated or aging equipment may require much more energy to operate and could produce unhealthy byproducts and pollutants. Replacing such equipment would certainly make a big difference to the environment but would also create a financial burden on the company. Start with small, consistent steps toward sustainable practices.?

Encouraging Behavioral Change

One of the major challenges with implementing any new initiative or proposal is onboarding the key players involved. People are the human resources required to impact lasting change, and they are often resistant to change. The best way to combat discouragement is to introduce sustainable initiatives with excitement and positive anticipation. Readily share information and be willing to answer questions as they arise.