Over the last few years, sustainability has become an increasingly important topic for people, especially in the business world. Turning companies into more sustainable ones starts with being aware of the environmental issue.
According to researchers at the Maryville University, USA, companies can start their path to environmental awareness and a greener approach in a variety of ways. They need to take into account the impact they have on both society and the environment.
For years companies thought of going green as a no-win situation for their businesses, but with new common wisdom, things have changed their course. In this new world, going green is no longer a cost, but rather a new opportunity for innovation and wealth increase.
Effective and clear communication of commitment in this direction must be matched by the implementation of an action plan that allows the desired results to be achieved.
The process must start with precise data. In order to reduce emissions, it is first necessary to understand them. In addition, responsible companies must ensure that they provide accurate, complete, and objective reports. The use of policies aimed at reducing carbon emissions demonstrates a commitment in terms of environmental responsibility and leadership as well.
Companies looking to achieve a net-zero target must take a multi-frontal approach. Actions to reduce emissions must take place in unison across the systems, taking into consideration that energy and land-use systems are highly interdependent.
According to the McKinsey article about the net-zero transition published in 2022, it is possible to identify many different features characterizing the shifts in those systems. First of all, the change should be, eventually, universal: all countries contribute to emissions, either directly or through their role in value chains. This translates into the need to completely transform the global economy.
In the article titled “The Challenge of Going Green” published in 1994, experts Walley and Whitehead -the first former consultant at McKinsey, and the latest leader of the firm's environmental practice- deal with the thorny topic of the economic weight of the green process on companies. Developing a strategy that leads the business to be greener and to be more sustainable could require high prices.
The costs that may be faced worry many companies but only because they are not focused on what the future will bring. As per the article by Porter and Van Der Linde published in 1995, it is pointed out that the adaptation to new environmental standards implies costs, just like any other adjustment. With new standards come new opportunities, he says, and with that, the stimulation of new processes, is able to offset part of the costs incurred for the compliance process.
The authors of McKinsey’s above-mentioned article go well with Porter’s statement, underlining that one of the main features of net-zero transition is its richness in opportunities. Companies may gain through decarbonizing processes and developing new products. Creating value with sustainability is possible, as proven by the 2021 McKinsey survey about sustainable businesses and their agenda.
With Trilleco, becoming green goes hand-in-hand with economic efficiency. For the net-zero, and sustainability goals of your business, we enable optimization opportunities to reduce energy consumption and improve your competitiveness in the market.
Adapting operational models compatible with the circular economy can create a huge impact in the right way, transforming your company to be more productive and green. With the help of efficient energy management and end-to-end solutions, Trilleco ensures the most sustainable usage of energy, reducing Co2 emissions and increasing the company's circularity.