The environmental landscape of this world is fast-changing and our planet is in ‘power-saving’ mode. As a result, more businesses are now committing themselves to conserve energy and resources in order to save our dying habitat. However, it begs the question, does running an environmentally-friendly business have a greater impact on cost-efficiency?
We understand that when most business owners hear the word ‘eco-friendly’ they associate it with reduced profits and extra costs. However, the opposite is often true. Running an environmentally-aware business can often mean greater profitability in the long run.
Here are some facts based on research by non-profit CDP:
1. Businesses that create sustainability strategies are shown to outperform those who fail to adopt a positive attitude toward eco-friendly changes
2. Companies that are actively planning for climate changes receive an eighteen percent higher return on investment than those who don’t
3. Corporations that choose to invest in carbon reductions attained a fifty percent lower volatility of earnings over the last ten years as well as a 21% increase in dividends
How to ‘go green’ and save on everyday costs
One of the easiest ways to start your journey towards sustainability is to recycle. Simply by separating recyclables and non-recyclables, you’ll quickly begin to notice a lot of reusable materials that would otherwise end up in the general waste bin. As an added bonus – mixed recycling bins are often collected at discounted prices to landfill waste.
Reducing the number of waste bags used will also help the environment. However, it’s important to measure rubbish bags by total weight used rather than quantity. To determine if you’re receiving good value, the cost should be measured by cents per litre of waste, rather than cents per bag.
For many companies though, a large percentage of every waste bag purchased is not used. The bag is often too large for the bin, is only partially filled due to weight restrictions or is emptied daily regardless of how full the bag may be.
To remedy this, a simple calculation can be used to find out if you’re using more plastic than necessary:
- Number of bags used per day
- Length of the plastic bag
- Volume of waste per bag
- Thickness of the bag
- Average % filling
This is important because the extensive use of plastic has created a real problem for our planet and is hazardous to humans and animals too. The solution? Reduce your footprint by adopting innovative, cutting-edge technology from Longopac. Our bags are made from ultra-thin polyethylene material which is half the thickness yet three times the strength of a traditional bag. This solution offers not only offers better functionality but more importantly, it’s environmentally-friendly too. A bag that lasts longer and is always 100% full, reduces your yearly consumption. It effectively proves to be more sustainable on nature and your budget too. Learn more here.
Every Longopac bag is 100% Full 0average cost is 0.01 cents Per litre waste
On average Longopac uses 70% less plastic than a tradition waste bag.
Did you know that Australian companies generate, on average, 1.7 tonnes of waste? Yet only half of that figure is recycled. Getting your whole team involved is important. Teaching them environmentally friendly practices can help prevent materials being used unnecessarily – saving you money. It also ensures that products are properly reused and recycled. Encourage your staff to be more environmentally-friendly by using scrap paper for rough notes and to always print double-sided, both to reduce paper wastage and costs.
Another example is that of the LED light bulb. While it’s more expensive to purchase, no one can deny the in-direct savings. Not only does it consume less electricity but it also needs changing much less frequently than a traditional light bulb. The average bulb uses 60 watts of power to produce light while an LED can generate the same brightness for less than 10 watts.
For businesses with warehouses and large office spaces, we could also look at the investment of solar panels. While it may seem expensive upfront, overtime the payoff can be significant. In fact, company owners report energy bill savings in the region of 50-90% each month. Imagine that – say your monthly bill was approximately $2,000 per month that would equal a saving of around $21,600 – in one year alone.
Become an environmentally-friendly business
As you can see, if new innovation is embraced, the benefits to the environment and to your bottom line can be significant. Running an environmentally-friendly business is the responsible thing to do and it will serve your business well in the long run. To find out more, contact us.