“Sustainability” is a global issue, which refers to meeting our own needs without compromising the ability of future generations to meet their own needs. Recently, many business communities have been promoting sustainable business. It is not only for the protection of the natural ecology but also considerable in the commercial prospects.
Why is sustainability so important?
According to the science journal Environmental Sustainability, about 1.6 million square kilometres of plastic are floating in the Pacific Ocean. This plastic can harm marine life, and the microplastics in seafood can end up in humans. The use of plastic comes from the commercial production and packaging of products. In order to achieve rapid production and high profitability, we produce hundreds of millions of tons of solid waste every year. It is predicted that, if this continues, carbon dioxide emissions will lead to a 2°C rise in temperature by 2050, gradually leading to rising sea levels and more natural disasters.
Therefore, we should focus on the changes and extinctions that human beings have brought to nature. It is time for us to be responsible for the environment. In addition to individuals having the right awareness of environmental protection, the cooperation of the business community is important. In other words, if the business community can reduce its waste emissions substantially, it can reduce the problem by half.
The benefits of sustainability to the business community
1. Reduce costs
Building a “Green Business” does cost money, but sustainability can save costs over time. In a 2011 study of corporate sustainability conducted by McKinsey, an US-Based global management consultancy, 33% of companies were integrating sustainability practices to improve operational efficiency and cut costs. 10 years later, Elytus also says their customers have saved more than $11 million through sustainable waste management.
Reduce your business costs by going green, for example: recycling existing resources to save production costs, converting to solar energy to save electricity, etc. “Sustainability” is a long-term investment. The money you invest will not pay for itself quickly, but it will ensure that the company will continue to operate for a long time at a low cost.
2. Build a good reputation
We need to convey the right message and take action to maintain a good business reputation. Lego, a Danish company, is a good example. In addition to rolling out products made from leaves and sugar cane, they also plan to use sustainable materials in all products and packaging by 2030. This helps their company’s reputation soar.
“Sustainability” is a plus, and companies are now embracing green initiatives as an opportunity to show the world that they care about the environment more than just making money, thus increasing their reputation.
3. Increase competitive advantage
Research shows that companies that invest in sustainability have a higher return on investment in the long run because they understand that sustainable technology is being innovated. It will be noticed by society, and it is humanity’s mission to participate in the environmental movement. Therefore, companies that implement “sustainability” will have an advantage and competitive ability over those that do not.
Do you know how Cube Self Storage participates in “sustainability”? Click >> What is Sustainable Self Storage? Learn More about How Sustainable Self-storage Works.
Cube Self Storage Malaysia is equipped with LED inductive lights and offers eco-friendly Cube Mini Box Storage to provide customers with quality storage services while also caring for the environment. Kindly contact us for more information.