Environmental sustainability is not a fad.
An environmentally sustainable business is one that considers the effects of its decisions on air and water quality and healthy ecosystems. Whether through its operations, suppliers, or investments, such a business seeks opportunities to grow while minimizing its contribution to the most pressing environmental problems: air pollution, deforestation, water scarcity and contamination, waste, greenhouse gases and other toxic emissions.
There are four important reasons why companies should seek to do this:
The competitive field is shifting as natural resource use and degradation increase the costs and risks of doing business while revealing possibilities for innovation.
A new regulatory regime will favor companies that are pro-active in these matters. The U.S. Environmental Protection Agency now finds greenhouse gases an endangerment to public health under the Clean Air Act and will require greenhouse gas emissions reporting from large sources. In addition, the Securities and Exchange Commission has issued guidance to businesses on disclosing material risks due to climate change. Impending energy legislation from Congress as well as international commitments to reduce emissions may have even deeper implications.
Consumers are increasingly aware of environmental concerns and are driving demand for environmentally-friendly products, while a smaller but growing proportion are willing to pay more for them.
Talented employees are drawn to sustainable companies. A responsible reputation plays an increasing role in attracting and retaining the best people.
If these sound like compelling reasons to you, contact us to find out how we can help you.