The US Green Building Council’s publication, The Business Case for Green Building, lists out a large number of reasons why sourcing sustainable products and going green are good for the planet – and for your company’s bottom line.
The examples in the article tend to look at the impacts on single buildings. But imagine the impact sourcing sustainable products could have on banks, franchises and other businesses that have hundreds of locations!
Here, we’ve broken down 3 primary ways choosing sustainable products can reduce the cost of your business operations and improve your bottom line for years to come.
Lower operating costs
Going green typically involves choosing products that consume less. Low-flow toilets, faucets with touch-free sensors, lights with motion detectors, and even sustainable water treatment solutions for your boilers and cooling towers have this in common. They consume less. Less water, less energy, fewer chemicals.
By installing these products, your utility bills should go down dramatically, and you can find other savings, too, like reduced water treatment costs and lower sewage fees. In fact, the USGBC article reports an average operating cost reduction of 8.5% for existing buildings retrofitted with energy efficient products.
Longer life spans
Sustainable manufactured goods tend to last significantly longer than their predecessors. Take, for example, energy efficient light bulbs such as LEDs. Those last up to 25 times longer than traditional incandescent bulbs. The initial purchase price for these products is higher, but they’re well worth the investment since you’ll replace them much less frequently. That means getting out the ladder, calling on your maintenance team, and dealing with waste disposal or recycling a lot less often, ultimately saving your business time and money.
Not only can your business benefit from lower utility consumption, but the switch to more environmentally friendly products often opens the door for money-saving benefits through local, state and/or federal governments.
As communities around the nation look at long-term solutions for reducing pollution and conserving limited energy resources, governments are offering incentives to encourage businesses to install sustainable products. These incentives take the forms of tax credits, grants, loans, waived fees and expedited building permits. Two examples of these are the Commercial Buildings Energy Efficiency Tax Deduction and the USDA’s Rural Energy for America Program (REAP) grants and loans. Both encourage businesses to pursue energy savings by making efficiency gains in lighting, heating and cooling systems or by installing renewable energy systems.
Choosing more energy efficient, sustainable products for your business is good for your company’s image, but it’s even better for your bottom line.
Whether your business has one large campus or multiple locations, a procurement and logistics expert can save you time and money as you make the switch to sustainable lighting, plumbing and sanitization products. Your scale, combined with the procurement partner’s spend leverage, means your business can pay less up front and share savings across all your locations for the life of the products.
The Accuserv team is ready to discuss sourcing the right sustainable products and solutions for your business and your bottom line. Contact us today!