Running an environmentally-conscious company has many advantages. Not only can green business practices help protect the environment from harmful activities and emissions, but it can also help a company improve its bottom line and prospects in the market.
Cost Savings and Tax Benefits
The most attractive reason for companies going green, apart from the environmental benefits per se, is given by important cost savings due to the more efficient management of company resources.
Reducing energy consumption and conserving water due to alternative green solutions can substantially save organisations money over the long term. As a start, most companies look to energy-saving lighting fixtures and smart grid solutions for heating and cooling systems.
While initial investments in green technology can seem daunting, the long-term results and cost reductions incurred justify the ROI. Some governments also proposed tax benefits and incentives for businesses who invest in sustainable practices.
Improved Operations and Productivity
Managing resources more efficiently paves the way to more sustainable business practices, cost efficiency, streamlined operations, and a general improvement in employee productivity.
Companies who prioritise green practices in the workplace also contribute to building a healthier and safer environment, which means reduced downtime, fewer payments on medical expenses, and improved productivity.
Our SHEQX (Safety, Health, Environment and Quality) management solution, part of the XGRC product range, is an integrated management system that aggregates SHEQ data in a single, auditable database, to manage analysis and reporting effectively.
As discussions around climate change, dwindling natural resources and impact on the environment start to increase, more governments are taking steps to legislate environmental protection.
By adopting green practices, businesses are in a better position to respond to changing environmental regulations. In many countries, tax credits are available for companies that utilise environmentally-friendly business practices.
ENVIRX, part of the XGRC Software product range, enables organisations to manage their risk-based material environmental impacts in an integrated manner. ENVIRX is built on GRI G4 standard management and the ISO 14001: 2015 standard framework.
ENVIRX uses the same dynamic framework to measure, trend and report on their impact area, i.e., materials, water, energy, biodiversity, effluents and emissions, among others.