[et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]14 January 2024<\/p>\n
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With a growing emphasis on sustainability it is natural to question whether this practice is going to be an onerous tick box exercise that forgoes revenue and profit for the sake of society and planet.<\/p>\n
However, you may be surprised to learn that this isn\u2019t always the case and businesses that are integrating sustainability; environmental, social and governance into their growth strategies are often outperforming their competition.<\/p>\n
Here are some reasons why:<\/p>\n
Sales:<\/strong>\u00a0Larger companies may already be subject to sustainability standards\/practices that would prevent them from collaborating with you.\u00a0 So unless you can prove you have a well defined sustainability strategy and practices in place you may be limited in your revenue earning capacity.<\/p>\n Increasingly, consumers and customers are becoming more environmentally conscious in their decision making with growing numbers opting to buy from businesses that prioritise sustainability.\u00a0 \u00a0In this respect, a positive reputation for sustainability can also enhance brand loyalty.<\/p>\n Cost savings:<\/strong>\u00a0Maybe not from the get go but, reviewing sustainable practices often leads to more efficient use of resources, reducing waste and energy consumption resulting in lower operational costs over the long term.<\/p>\n Employee engagement and retention:<\/strong>\u00a0Employees are choosing to work, and stay, with sustainable companies.\u00a0 A recent study found that businesses with the most satisfied employees have an increased net income margin than those without.<\/p>\n Innovation:<\/strong>\u00a0Embracing sustainability is naturally innovative in developing offerings to open up to new markets.\u00a0 Investment in sustainable products and technologies can better position you to meet evolving consumer demands.<\/p>\n Access to capital and investment:\u00a0<\/strong>\u00a0Some investors and financial institutions will consider your environmental, social and governance performance when making investment decisions.\u00a0 With strong sustainability practices, you may have better access to capital and lower borrowing costs.<\/p>\n Regulatory compliance:<\/strong>\u00a0 Anticipating and meeting future environmental regulations can position you as a responsible corporate citizen, and this foresight can set you one step ahead of the rest.<\/p>\n Supply Chain resilience<\/strong>:\u00a0 Increased scrutiny of sustainability within your business can reduce the long term risks associated with resource scarcity, climate change impacts and other environmental factors.<\/p>\n So it seems that businesses can create a positive impact on the world, while safeguarding their own future.\u00a0 What do you think?<\/p>\n Tori Burns [et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]14 January 2024 With a growing emphasis on sustainability it is natural to question whether this practice is going to be an onerous tick box exercise that forgoes revenue and profit for the sake of society and planet. However, you […]<\/p>\n","protected":false},"author":1,"featured_media":234920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":" 14 January 2024<\/p> \u00a0<\/p> With a growing emphasis on sustainability it is natural to question whether this practice is going to be an onerous tick box exercise that forgoes revenue and profit for the sake of society and planet.<\/p> However, you may be surprised to learn that this isn\u2019t always the case and businesses that are integrating sustainability; environmental, social and governance into their growth strategies are often outperforming their competition.<\/p> Here are some reasons why:<\/p> Sales:<\/strong>\u00a0Larger companies may already be subject to sustainability standards\/practices that would prevent them from collaborating with you.\u00a0 So unless you can prove you have a well defined sustainability strategy and practices in place you may be limited in your revenue earning capacity.<\/p> Increasingly, consumers and customers are becoming more environmentally conscious in their decision making with growing numbers opting to buy from businesses that prioritise sustainability.\u00a0 \u00a0In this respect, a positive reputation for sustainability can also enhance brand loyalty.<\/p> Cost savings:<\/strong>\u00a0Maybe not from the get go but, reviewing sustainable practices often leads to more efficient use of resources, reducing waste and energy consumption resulting in lower operational costs over the long term.<\/p> Employee engagement and retention:<\/strong>\u00a0Employees are choosing to work, and stay, with sustainable companies.\u00a0 A recent study found that businesses with the most satisfied employees have an increased net income margin than those without.<\/p> Innovation:<\/strong>\u00a0Embracing sustainability is naturally innovative in developing offerings to open up to new markets.\u00a0 Investment in sustainable products and technologies can better position you to meet evolving consumer demands.<\/p> Access to capital and investment:\u00a0<\/strong>\u00a0Some investors and financial institutions will consider your environmental, social and governance performance when making investment decisions.\u00a0 With strong sustainability practices, you may have better access to capital and lower borrowing costs.<\/p> Regulatory compliance:<\/strong>\u00a0 Anticipating and meeting future environmental regulations can position you as a responsible corporate citizen, and this foresight can set you one step ahead of the rest.<\/p> Supply Chain resilience<\/strong>:\u00a0 Increased scrutiny of sustainability within your business can reduce the long term risks associated with resource scarcity, climate change impacts and other environmental factors.<\/p> So it seems that businesses can create a positive impact on the world, while safeguarding their own future.\u00a0 What do you think?<\/p> Tori Burns<\/p>","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/234986"}],"collection":[{"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=234986"}],"version-history":[{"count":5,"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/234986\/revisions"}],"predecessor-version":[{"id":235007,"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/234986\/revisions\/235007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/media\/234920"}],"wp:attachment":[{"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=234986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=234986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advancebusinessconsultants.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=234986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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