There’s upkeep and maintenance involved in some sustainable changes Some changes may be slow and/or complex to implement There may be some measures in place in some countries to provide some level of protection for consumers from some types of ‘greenwashing’ and misleading sustainability related claims by companies There may be some measures in place to protect consumers from some types of ‘greenwashing’ in some countries Sustainable investment (in sustainable business) may be growing May help protect against resource depletion in some ways May reduce negative environmental impact in various ways Sustainable business may become a standard in the future, and companies may benefit from preparing now May provide other miscellaneous economic and business metric related benefits for businesses themselvesĬertain aspects of sustainability are already essential or mandatory in some places and in some industries Opportunity to attract new employees, retain existing employees, & improve other employee metrics May provide an opportunity for businesses to differentiate themselves and their products from that of their competitors, & the rest of the industry May attract new customers and/or help grow a customer base May increase brand equity, which may come with it’s own potential benefits Some conscious consumers may have a preference for some specific products with specific sustainable features Some of the largest publicly listed companies in the world have already implemented aspects of sustainability into their business Some argue that increased sustainability in business is simply a way of finally ‘pricing in’ the environmental costs & other costs that businesses previously weren’t paying Government assistance may help cover some increased costs May reduce some costs/lead to some cost savings Some changes may be simple, quick, and/or cost effective to implement In this separate guide, we explain what sustainability in business is, and other key aspects of sustainability in business Summary – Pros & Cons Of Sustainability For Businesses & Companiesįirstly, What Is Sustainability In Business? These pros and cons cover different economic/financial, environmental, social and practical/logistical considerations. In the guide below, we outline some of the potential pros and cons of sustainability for businesses and companies.
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