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5 Convincing Benefits of Sustainable Business Practices

Strategy Driven

Companies have plenty of opportunities to ‘go green’ such as reducing wastage and pollution, using renewable energy and biodegradable materials, community volunteering, and more. A notable benefit gained from adopting techniques such as green manufacturing is cost-effectiveness. Improved operations and lower expenses.

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The Supposed Decline of Green Energy

Harvard Business Review

Here's a surprising new fact about energy in the United States: the percentage of our electricity coming from the greenest sources — that is, the non-hydroelectric renewables such as solar, wind, geothermal and biomass — has doubled in just four years to nearly 6 percent. The renewable energy industry is growing very fast.

Energy 8
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Smarter Retailing via (Un)conventional Thinking

Harvard Business Review

As a result, these retailers are cutting costs today, planting growth seeds for tomorrow, and setting the stage for accelerated strategic agility well into the future. So retailers manage their supply chains and overhead costs with a tight fist. The secret to the company's success at cost reduction? Consider Asda. Grow Revenue.

Retail 15
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The Political Issues Board Directors Care Most About

Harvard Business Review

Aside from these three broad worries, directors are also anxious about corporate tax rates, political instability, and healthcare costs. Not surprisingly, with the price of oil dropping, directors of companies the energy & utilities industries are particularly discouraged. Why does all this matter?

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Microsoft Taxes Itself

Harvard Business Review

The money collected will go to purchase Renewable Energy Certificates (RECs) and carbon offsets , allowing Microsoft to declare itself carbon neutral. Microsoft seems more interested in lowering overall carbon emissions and energy use, not just neutrality in and of itself. Accountability throughout the organization. Risk reduction.

Price 13
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Eco-Labeling: The Critical Questions to Ask

Harvard Business Review

Or total energy use during the product's lifetime? The best thing to share will depend heavily on the product - the labels on energy hogs like light bulbs, air conditioners, and cars should tell us the total energy use and cost to operate over a year or the product's lifetime. Heck if I know. Do consumers even care?

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Companies Are Working with Consumers to Reduce Waste

Harvard Business Review

At the same time, surveys on consumers in the US and UK show that they also care about minimizing energy use and reducing waste. Another apparel company, Patagonia , a high-end outdoor clothier, follows the same credo. As a result, DeWalt gets to reuse those materials to create new products at a lower cost. Insight Center.