Why Must Businesses be Sustainable?
Companies must understand that their existence is tied to a well-functioning society locally and globally, so remote work sustainability must be considered. The social welfare of the society directly influences the market size and distribution of any company. Economic responsibility influences the purchasing power of the market, which affects the company’s sales. Environmental issues bring fatal risks that can stop the operation of a business and its existence, which is why work from home sustainability is so important.
Note that businesses must incorporate economic, climatic, and social responsibilities in their objectives, which offer numerous sustainability benefits ranging from reputational to financial and beyond.
Advantages of Sustainability Prioritization in Business
Increased Regulation Compliance Abilities of Companies
Matters regarding climate change, pollution and global warming have raised extensive discussions among state environmental agencies. Regulations that counteract the negative environmental contribution of businesses help monitor business actions. Positioning your remote company to meet the continuously changing environmental restrictions with remote work sustainability protects your company from legal offenses and reduces operational risks.
Reduced Costs and Improved Productivity
Another one of the sustainability benefits is reduced costs and improved productivity. Sustainable practices facilitate efficient business operations that conserve resources, reduce costs, and streamlines employee effort. A Mckinsey Survey conducted in 2011 on the Business of Sustainability shows that 33% of businesses adopted sustainable practices to increase operational efficiency and reduce costs. It is noteworthy that remote working reduces the high consumption of transportation fuels, hence limiting the emission of greenhouse gases and saves commuting costs for employees. Start incorporating remote work sustainability to save the planet in small ways.
Improved Brand Image, Trust and Credibility
A good brand image is an effective competitive tool in the market that remarks a company’s credibility. Luckily, this is one of the benefits of sustainability in business. Studies conducted on over 53,000 US customers show that 58% of consumers are more likely to buy goods and services from businesses that practice and implement sustainable habits. It is part of business ethics to adopt production methods that do not impact society and the environment negatively. Therefore, compliance with environmental and social ethics enhances the trust of the government and consumers towards a company.