The benefits of an environmentally friendly business
Running an environmentally friendly business helps you reduce your impact on the environment and preserves natural resources. Your business can help the environment in many ways. For example, you can:
- use products that reduce your reliance on natural resources (e.g. rainwater tanks, solar hot water systems)
- use products that are made from recycled material (e.g. office supplies made from recycled plastic, furniture made from recycled rubber)
- look at all your business activities to see if you can do anything differently (e.g. reducing air travel by holding conference calls instead of interstate meetings).
Making your business environmentally friendly not only benefits the environment but can also save you money.
Recycling reduces your costs
Avoiding, reducing, reusing and recycling can lower your costs. For example, a few simple changes to how you deal with paper can involve your staff in environmentally friendly processes while saving you money:
- avoid using materials unnecessarily
- reduce your paper needs by asking staff to print double-sided
- reuse by encouraging staff to use scrap paper for message-taking instead of purchasing message pads
- recycle by shredding excess paper - you could recycle this commercially or invite staff to take it home for their compost or mulch heaps.
Good practice can attract new customers
Promoting your environmentally friendly methods can set your business apart from your competitors and attract new customers who want to buy products and services from an environmentally friendly business. Before making any environmental claims about your products, you should read the Australian Competition and Consumer Commission's green marketing and the Australian Consumer Law to help you comply with the Competition and Consumer Act 2010 (which replaced the Trade Practices Act 1974 on 1 January 2011).
Focusing more on your environmental impacts can also help to attract and retain staff.
Reducing the environmental impact of your business will improve the sustainability of your business. If you are less dependent on natural resources than your competitors and have ways to deal with rising costs due to climate change, your business will have a greater chance of long-term success.