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7 Ways Businesses Can Save Money by Going Green

By: Maria Werner-- 2016-03-25 8:30 am --

Going green’ is the hip new catchphrase in the business world, but can it really help to save your business money? Actually, there are a lot of benefits to creating a more sustainable workplace, and it will not only reduce your overhead spending, but potentially increase sales as well.

  1. It reduces energy costs. Green living is not only great for the planet; it does wonders for your wallet as well. CFL lightbulbs and energy-efficient appliances can significantly reduce your energy bill, allowing your business to save money each month. By purchasing your CFL lightbulbs in bulk from competitively priced wholesalers, you can save even more money and increase your profit margin.
  2. It increases sales. ‘Going green’ is in style, and green companies actually have leverage over their less sustainable competitors. Consumers strongly prefer environmentally-friendly companies and products, and creating a sleek, sustainable image for your brand can attract new customers and increase sales.
  3. It improves customer retention. According to a Harris Interactive survey, 82 percent of customers remain informed about which companies maintain a commitment to sustainability. Sustainable companies are attractive to consumers, and consumers aren’t only more likely to drop a company that is bad for the environment, they are also more likely to remain loyal to companies that promote sustainability.
  4. It’s safer for employees. Safety should always be a priority among employers. Biodegradable cleaning products are much safer than their toxic counterparts and will contribute to the health and safety of your workplace. Not only will it provide a better workplace environment for employees, thus enhancing worker retention, it also greatly minimizes the risk of injury or illness as a result of harmful chemical exposure.
  5. You can save money on supplies. For businesses that require shopping bags for customers, using reusable shopping bags can significantly cut costs for your company. The average consumer uses about 500 bags per year, which can add up quickly if the store is eating the cost. With reusable bags, you can reduce your carbon footprint and slash spending in the process.
  6. Reduce the cost of waste and recycling. Offering plastic water bottles to employees can add up quickly, particularly given the cost of a recycling service. A water tank with paper cups entails its own expense, as you need to routinely restock paper cups for staff. A water fountain is convenient, efficient, and sustainable, while eliminating the cost of paper cups.
  7. Receive additional tax breaks. Perhaps one of the best ways to save money is through the tax breaks your business will receive. Most states offer tax incentives for any business that reduces its power usage by 50 percent, providing you with yet another way to decrease annual spending.

Going green has the ability to save you green, provided you approach it correctly. Not only will it make you more attractive among customers, thus improving revenue potential, but it comes with significant energy savings and tax breaks as well. It also creates a safer, cleaner environment, leading to a better life-quality for both customers and employees. To browse a variety of sustainable office supplies, click here today.