Businesses are becoming sustainable to support net zero ambitions and meet the changing demand in the marketplace. At present, it is consumers that hold companies to account for climate change, but government regulations will also change to bring businesses up to date. Most companies want to beat the curve and implement progressive changes right away.
Business recycling programs
2023 is likely to see more of a shift from the linear economy to the circular economy. The linear economy is the one we are most familiar with; it involves manufacturing items, selling them, and then sending them to waste sites. The circular economy tries to maintain these items for longer.
The circular economy is about reducing the number of manufactured items that end up in landfill, reducing energy consumption and the carbon emissions required to manufacture more products. Businesses can use the circular economy in their manufacturing and in their offices.
The world is close to peak oil now, but oil has proven to be an unsustainable energy source – it is too expensive, too unreliable, and too harmful to the environment. Renewable energy is not perfect either, but it is easier on the planet. Businesses need more alternative energy sources.
In 2023, we can expect most businesses to have made the switch to a renewable energy provider. Some businesses might go a step further and adopt renewable energy on-site. Local wind turbines, geothermal heating, and efficient solar panels are some of the best options.
In 2023, we can expect the construction industry to shift to modular construction methods that reduce carbon emissions and create high-quality low-maintenance buildings. In modular construction, there is no construction on site; all the parts are pre-fabricated and transported.
Businesses looking to build new infrastructure should consider modular building manufacturing; this can accelerate the build and reduce expenses and carbon emissions in construction. Using pre-fabricated designs, construction companies can build a business infrastructure within days.
Supply chains are top of the agenda when it comes to reducing carbon emissions and reaching Net Zero targets. In 2023, businesses will have to think seriously about their Net Zero strategy to align with regulatory standards and support commerce. The supply chain is a key element.
A typical supply chain includes manufacturing, warehousing, and distributing; some supply chains have other elements depending on the type of business. Eco-supply chains need to be local and use efficient systems like electric vehicles, renewable energy, and waste reduction.
Future conversations on business sustainability
The world is attempting to reach net zero by 2050. Net zero is a point where carbon emissions correlate directly with carbon absorption. Trees, the ocean, and technologies are responsible for the absorption of carbon, but Net zero also requires lower emissions from businesses as well.
How can a business become carbon neutral? After all, there are so many variables to consider. Future conversations are the process of discussing the future of carbon emissions in the business in an open and honest way. It creates the space to balance business needs with eco concerns.