Turning Over a New Leaf: How Going Green Can Save Your Company Money

Business.com / Starting a Business / Last Modified: February 22, 2017

If you haven't gone green yet you should? Going green can save your company millions and this article explains why.

Going green is an increasingly big issue, particularly as the U.S. population is expected to reach 394 million by 2050, and the world population will hit 9.7 billion by 2050, putting a further strain on resources.

Companies are now realizing that they have a role to play in helping the environment and those companies that have yet to realize that are being notified by their customers. Over time, going green has the potential to save your company millions.

This article is going to show you some of the ways that you can go green and some of the benefits of doing so.

Related Article: It's Easy Being Green: How It Pays to Go Green at Your Business

Small Waste Adding Up Over Time

The reason why business communities are realizing that they can make a lot of money from going green is that small waste gradually adds up. They know that by leaving a computer off instead of on standby they stand to make a lot of money through saving on their electricity bills.

Be mindful of your energy and conserve your energy. Depending on whether you use gas or electric, there are lots of ways to conserve energy. Even something as simple as turning off the lights when you leave the office can save you a lot of dollars in the long-term.

Saving Money Through Going Electronic

Producing paper documents waste a lot of money in paper and ink. This can add up over time, especially when it comes to ink. And it leaves a big impact on the environment because for every pile of paper you buy you could save a lot of trees. The scary thing is that there’s often no reason to print paper documents. Many documents can be delivered in an electronic capacity.

The government has even implemented tax breaks for companies that decide to go electronic. For example, it’s cheaper to file your taxes electronically than it is to file them on paper.

Government Grants for Going Green

With climate change becoming an issue at the highest levels, governments have had to act in order to encourage organizations to go green. Starting a new business in a new area requires you to win the trust of the locality. And then you have to pay to open your doors.

One of the most lucrative business grants you can receive for opening up a new business is the EPA government grant. All you have to do is fulfill the criteria of opening up your business in a green manner. Another grant involves receiving a 30 percent price cut on the overall price of solar panels.

Related Article: Earth Day Aspirations: Saving Money While Saving the Environment

The PR Dream

Going green is more than making savings. That is one way to save money, but sometimes you can make money through improving the reputation of your company. Customers care more about what brands are doing than ever before. They are genuinely concerned about the attitudes that companies have regarding the environment.  

If you decide to implement green policies, you could be walking into PR heaven. It’s easy to promote and everyone wants to hear about it. When marketing an environmentally friendly company, you can beat out the competition. A lot of companies have green initiatives that they never promote, so if you are promoting them as well you can make some big gains.

In some cases, you may be even gain customers from other companies by going green alone.

How to Go Green Without Breaking the Bank

To get things like government grants you have to be willing to make an initial investment, but you can go green without spending a cent. You can make changes within your company, such as bringing in green recycling policies. Encourage your workforce to get involved with your green initiatives because that’s the only way you are going to make the most of it.

Too many companies attempt to go green in a way that doesn’t engage the average employee, and predictably it doesn’t get the traction necessary.

Related Article:Finance First: How the Financial Industry Goes Paperless and Stays Compliant

Conclusion: Where are the Millions?

It’s no exaggeration to say that your company could save millions through going green. On the other hand, there’s no way that this is going to happen unless you commit yourself 100 percent to going green.

When at home you should continue your “green” strategies and encourage your employees to do the same thing. This will make transitioning the company into a greener company easier and it ultimately sets you up for success moving forward.

Going green is easier than you think and it’s something that you should absolutely jump into. What do you think is the best way to go green?

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