About 46% of companies’ green activities have sparked alliances with other businesses that share their values.
Also, did you know that a business’s green practices can influence a buyer’s decision whether or not to make a purchase? Surprisingly, many consumers have become more conscious of a business’s green practices. So conscious that it can influence their purchasing decisions!
If you aren’t watching out for green business trends, then you could overlook a chance to grow your business. Read on to learn more about green business trends you need to keep an eye out for in 2022.
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Investing in ESG
As climate change and other environmental, social, and governance risks increasingly come into focus. An ever-growing number of investors are looking to put their money into companies that are aware of and address these risks.
This has led to a boom in what is known as ESG investing. More money gets funneled into companies that score well on environmental, social, and governance criteria.
Using Renewable Energy
Another trend to watch out for is the increasing focus on renewable energy. As the cost of renewable energy technologies continues to drop, more and more investors are investing their money into companies looking to tap into this growing market.
Rise of Electric Vehicles
With the advancement of technology, electric vehicles are becoming more popular. They are more efficient than gas-powered vehicles and emit less pollution. Electric cars also have a lower total ownership cost, making them a more attractive option for consumers.
Fortunately, many businesses and organizations are working on ways to reduce or eliminate waste. Many of them strive to send zero waste to landfills.
For companies that want to reduce their carbon footprint, there are other valuable tips. Through their efforts, green businesses that show concern for the environment get a green business certification.
Building Energy-Efficient Warehouses
The way companies build and operate their warehouses is changing. To be more energy efficient, many are turning to greener practices and technologies.
There are now more of those who use LEDs. This is because they are more energy-efficient than traditional light bulbs. They are also becoming increasingly affordable.
Many businesses are installing motion sensors. Motion sensors can be used to automatically turn lights off when not needed, saving energy.
Also, more and more companies are opting for passive heating and cooling. By making use of natural ventilation and insulation, warehouses can reduce their energy consumption for heating and cooling.
Work on Having a Green Business
Though the world of business is ever-changing, there are some green business trends that you should definitely keep an eye out for. As more and more people become environmentally conscious, businesses are starting to change their practices to accommodate this.
First, we’re seeing a rise in sustainable and recycled packaging. This is great news for the environment, as it reduces waste and helps to preserve our natural resources.
Also, more and more businesses are investing in renewable energy sources, such as solar and wind power. This helps to reduce their carbon footprint and ultimately do their part to help the planet.
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