Sustainability has been a hot topic for the last decade or so, but many business owners still have questions about what that may look like for their own organization. The bottom line is always going to be the final determining factor for any smart business decision, and when the economy is struggling, it may not seem like the right time to implement something new unless a business owner is confident that it is going to impact that bottom line in a positive way.
In reality, however, establishing sustainable practices in your corporation can bring big benefits to your bottom line, and today, we’re going to discuss a few ways that this is true.
First of all, what exactly is sustainability? The Coalition for Environmentally Responsible Economies defines sustainability as “how environmental, social, and economic considerations are integrated into corporate strategy and capital markets for the long term.”
One of the most powerful positive impacts you will experience is that your organization will be supported in the recruitment and retention of talent. A large and increasing percentage of workers prefer working for an organization that demonstrates social and environmental responsibility. This will significantly lower both the hard and soft costs of recruiting, hiring and training.
Another way your organization will benefit is from the savings that can be generated through the reduction in energy usage. Accessing alternative energies, such as wind and solar, can both mean significant savings through lower energy costs and tax credits, as well.
As your business becomes more efficient you will begin to create a culture that will increasingly be on the lookout for ways to reduce the waste you are generating, and that is financially lucrative as well as a great selling point to employ in your marketing strategy. Studies show that consumers are often more likely to choose a company that demonstrates a commitment to sustainability when they are researching organizations to patronize, and increased sales will also have an obvious positive impact on your bottom line.
Cumberland Recycling is here to help you make sustainability a part of your business strategy, and we provide ongoing support for our clients through Consulting, Brokering, Planning and Implementation:
- Consulting includes providing an analysis of your company’s waste, and we provide education and solutions to help you reduce both your environmental footprint and the expenses that come with managing waste; these include creating specific solutions for your organization based on your production, such as recycling manufacturing byproducts.
- Brokering includes leveraging connections to not only find a financially and environmentally responsible ethical way to manage the disposal of your company’s waste but we will also look for opportunities to repurpose that waste for another use. This can include upcycling everything from pallets to food waste or by locating markets and buyers to use your plant’s discards as a feedstock for new products. These practices can then provide your company with a source of additional income and avoid the additional cost of waste management or, at the very least, provide you with a cost-neutral alternative.
- Planning & Implementation includes the fulfillment of your Management Services by finding reliable resources to fulfill the brokered deal or implement the cost-saving and waste-reducing practices. Cumberland Recycling will make all the necessary connections and assist your company in regularly disposing of waste in an environmentally responsible manner, either through recycling or repurposing.
Through these supportive practices, we will help your company save money, attract clients and top talent, reduce energy consumption and its associated costs, and increase your company’s positive impact on the environment. You will, in turn, enjoy a positive impact on your corporation’s bottom line. Cumberland Recycling will improve your bottom line through our efficient and responsible recycling program and manage the activities that make recycling successful.