Due to globalization and industrialization, nature is suffering from the side effects. In fact, we can say, nature is showing her us dangerous side for disturbing the natural beauty. It is not only any individual but also companies are involved in muddling the universal creation. Even though, more than 90% of the companies and households have become aware about the sustainability, there are 10% of the population unknowingly harming the nature. This blog is an insight into knowing is sustainable business really beneficial?
What is sustainable business?
Sustainable business can be referred as, the process of nature friendly activities performed throughout the span of manufacturing a product till consumption of it. Irrespective of the product type, the company must adhere to the responsibility towards the environment. Making a sustainable business is beneficial to company as well as the customer. Following are the top 9 benefits of performing nature-friendly business activities.
A) Improves brand image
A company having environmentally friendly activities has always a great percentile to increase their brand image. Now a days people have become more and more concerned about the environment, they are more likely to get attracted to nature friendly companies, resulting into improving the company’s brand image.
B) Global recognition
When a business is involved into nurturing the environment as well as satisfying the customers by providing the products or services they need, is always recognized on global level.
C) Benefits from government
Many companies involved in environmentally friendly activities is levied off from the taxable amount and receives felicitations from the government on international level.
D) Competitive advantage
Such kind of companies receives competitive advantage over other competitors as, concerned customers are attracted towards companies retaining the natural resources.
E) Increase in the productivity and minimized cost of operations
When company offers to have hybrid format of work, or offering work from home services, it is automatically focusing on increasing the productivity and minimizing the costs of operations faced by the companies.
F) Increase in the employee retention and third parties
Once the employees know that their company is saving the natural resources and looking after the nature, they tend to continue working with the same department which increases the retention rate.
G) decrease in the rate of wastage
As companies are involved in eco-friendly business practices, the biodegradable waste is more than non -degradable waste by avoiding pollution. As this opportunity provide the company to use the resource in proper format.
H) Increase in life expectancy of the company
Once eco-friendly products are produced and served, there’s an automatic increase in product sales, therefore, raises the revenue of the company. All of these together, increases the life span of the company.
I) Innovative products
As it is obvious that, if a business is running on nature friendly terms, it ignites the digitalization and innovation of the products.
Believe it or not, companies having eco-friendly products and production are way better than pollution causing entities. Planet toms is one of the world’s best eco-friendly companies producing sustainable shoes all over the world. The headquarters are in the United States of America. Toms is focusing more onto sourcing 100% sustainable cotton by 2025. There are available all over the world. Not to mention, according to the study on the internet, their employees are cent percent satisfied with their employment.
Thus, to avoid global warming, which is alarming in recent years, we must put forward our thoughts to understanding that is, sustainable business really beneficial? One company creating an image will be led by another one. Slowly, in future, the whole world will be involved in creating ecofriendly products.