Benefits to Companies Addressing Sustainability
Cost Savings
- Increasing the energy efficiency of existing offices and warehouses
- Recycling eliminates unnecessary and often costly waste streams
- Reductions in resource use (paper, water, electricity, oil)
- Replace carbon-intensive actions with sustainable alternatives when
appropriate (video conferencing vs airline travel)
Risk Mitigation
- Avoid future regulation from climate change and environmental
pollution
- Keep up with competitor actions
- Political fallout from inaction on sustainability and climate change
- Enhance reputation with environmental groups and media
- If public company, stave off public shareholder fights with investor
advocacy groups
Increased Revenues
- Price premiums for "green" products
- Grab market share as environmentally-conscious consumers become
more mainstream
Driving Innovation
- Establish new markets for "green" products and services
- Reducing wasteful production methods and harmful product attributes
establishes company as industry leader
- First-mover advantage in environmental consumer market
Employee Alignment
- Sustainability initiatives facilitate recruitment and retention of
employees
- Employees are a great source of potential cost-savings measures
- Increased employee satisfaction leads to productivity gains
- Need to synch CEO mission with on-the-ground actions
- Younger workers are particularly engaged on sustainability