Sustainability and green practices are becoming increasingly important as businesses recognize the need to address environmental challenges and create long-term value. Nidhi Malhotra, Director, Harvey CleanPro Industries lists down the areas of corporate preference in implementing sustainable solutions.
Corporates are adopting green building practices as part of the broader sustainability strategy while addressing emerging challenges in the environment. An integrated strategy is being followed that leads to the development of green buildings. Overall adopting green building practices aligns with the company’s goals of reducing costs, mitigating risks, enhancing brand reputation, and contributing to a more sustainable environment.
One of the most effective ways for businesses to reduce their environmental impact is to incorporate sustainable and eco-friendly products into their operations. Green products are designed to minimize environmental impacts during their end-to-end life cycle and even after it’s of no use. Green products play a crucial role in promoting sustainability by reducing environmental impact. By choosing eco-friendly products, companies contribute to the creation of a more sustainable economic system.
Another area is energy-efficient technologies and practices that are widely being used to reduce energy consumption. It is a strategic decision for companies to improve operational efficiency, reduce costs, and align with sustainability objectives.
Companies have recognized the importance of reducing their carbon footprint and increasingly procuring renewable energy sources. This not only helps in fulfilling the environmental responsibility but provides companies with long-term cost savings by reducing dependence on non-renewable fossil fuel.
By prioritizing water conservation practices, companies are not only reducing their water footprint and operational costs but also contributing to environmental sustainability and long-term business success.
By adopting sustainable transportation practices, companies are reducing their carbon footprint and lowering costs. Sustainable transportation initiatives demonstrate commitment to environmental stewardship and corporate social responsibility.
3Rs principles of Reduce, Reuse, and Recycle is the fundamental concept in waste management and sustainability. Waste generation is being minimized, additionally, implementing these principles can lead to cost savings and better operational efficiencies.
Companies work with suppliers to ensure that products and materials are sourced responsibly, with consideration for environmental and social impacts. By tracking sustainability metrics in supply chain management (SCM) systems, companies prioritize renewable energy, recycle products, and encourage greater social responsibility among the suppliers.