First Steps in Becoming a Sustainability-Focused Family Business
According to a 2022 study by聽, 60% of next-generation owners of family businesses see sustainable business practices as essential.聽
Still, only 23% are engaged in making this happen.
鈥淚鈥檝e witnessed this firsthand,鈥 says Steve Ashkin, an advocate for sustainability within the cleaning industry. 鈥淯sually, what鈥檚 behind it is that they just don鈥檛 know how to take the first step.鈥
Here are tangible steps next-generation owners can take to start their sustainability journey:聽
Set realistic goals.聽Set realistic goals regarding how much you want to reduce, for instance, water and energy consumption each year.聽
Conduct an environmental assessment. It is crucial to have an environmental assessment conducted. This creates your benchmark going forward.
Start messaging.聽Messages (on signs, graphics, monitors) throughout a facility outlining sustainability goals help get everyone behind the program.
础肠迟.听With your goals and assessment conducted, determine what sustainability changes to make first and do them. Now the journey begins.
Be part of the 鈥渃ircular economy.鈥澛The circular economy is designed to keep products, components, natural resources, and materials in circulation as long as possible. This also means purchasing from manufacturers marketing restorative and regenerative products.
Partner with other local businesses doing the same thing.聽The reason this is so important is businesses learn from each other and support each other. They become a team, all with similar goals.
Know the difference between sustainable and green.聽Sustainability refers to business operations; green refers to the environmental impact of products and services.
鈥淜eep in mind, the demand for green products from sustainability-focused companies is growing tremendously,鈥 adds Ashkin. 鈥淚nvestors, bankers, and consumers view these companies as the future, creating burgeoning opportunities for next-generation family businesses.鈥