Profitability of Environmentally Friendly Companies

1571 WordsAug 14, 20147 Pages
Profitability of Environmentally Friendly Companies By: Jayvee Maza BSBA- Financial Management TF (1:00pm-2:30pm) Corporations that have an eco-friendly philosophy are rewarded with greater profits. Outline: I. The Environment and your business II. The benefits of an environmentally friendly business A. Value of Being green B. Make your business environmentally friendly III. Support to help your business go green IV. A. Summary B. Conclusion I. Introduction A. Background of the Study A “green” business strives to have a positive impact on the environment and community. It develops and practices business strategies that go beyond…show more content…
This guide will help you put your business on track for environmental sustainability. The benefits of an environmentally friendly business Recycling reduces your costs. Avoiding, reducing, reusing and recycling can lower your costs. For example, a few simple changes to how you deal with paper can involve your staff in environmentally friendly processes while saving you money: avoid using materials unnecessarily, reduce your paper needs by asking staff to print double-sided, reuse by encouraging staff to use scrap paper for message-taking instead of purchasing message pads and recycle by shredding excess paper - you could recycle this commercially or invite staff to take it home for their compost or Good practice can attract new customers. Promoting your environmentally friendly methods can set your business apart from your competitors and attract new customers who want to buy products and services from an environmentally friendly business. Improves sustainability. Reducing the environmental impact of your business will improve the sustainability of your business. If you are less dependent on natural resources than your competitors and have ways to deal with rising costs due to climate change, your business will have a greater chance of long-term success. Making your business environmentally friendly should save you money on electricity, paper and other resources - money that you can reinvest in your business. Assess your
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