Does ‘Going Green’ as a Business Increase Your Revenue?

Julie Starr • May 10, 2021



For a number of businesses over recent years, there has been much more of a concentrated effort to become a sustainable business and to go green. Some of it can come from within the business itself, as well as some pressure from consumers showing just what they want from the businesses where they spend their money. This shift has definitely made businesses think about having more of a focus on the business’s ethics and practices and how they impact the environment. 

As a business, going green could be anything from using products that are recyclable to wasting less and using much less energy in the office as well as manufacturing. It can be something that can look good for a business, as well as feel good for a business. But did you know that it can also lead to an increase in revenue? When it is managed well, it can certainly do just that. If you want to make your business more profitable, then it could certainly be worth making it more sustainable and eco-friendly. 

How does being an eco-friendly business increase revenue?

One of the first things to consider is public opinion of the business. In a study , it found that 70% of consumers were influenced in a positive way when businesses use packaging that is sustainable and made from materials that are recyclable. Consumers are taking steps to be more sustainable at home, so it makes sense that who they spend their money with needs to align with those values too. In some industries where the market is saturated, you also need to stand out. If you’re the only business in your industry that isn’t making an effort to be sustainable, then it will quickly show in your profits. 

The amount of waste that a lot of businesses have can be quite shocking. If your business is one that is making much more of an effort to waste less and to consume less, then it is good for the environment but also when it comes to your costs. By doing this and using the most accurate and integrated RCM platform , you will be able to see just how it is impacting your revenue. Cutting down on energy bills and simple switches to LED lights in the office will mean big savings to your business expenses. 

It can also be worth a mention that there is a range of tax-relief schemes for businesses that are eco-friendly, as a way to make businesses put in more effort with their practices. This could be using renewable energy, making use of electric vehicles, and other practices that will increase sustainability. 

Going green

Your customers are the ones that are going to make your business a success or not. If you have a business aimed at a group like millennials, then it is definitely worth making an effort to go green, as this is a group that is very vocal in who they spend their money with. Green businesses can reduce expenses and boost their public perception, but it can also leave you feeling good, knowing that you are going above and beyond competitors. 

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