Business Strategies for Green Productivity & Sustainable Growth (Ten3 Online Business Coach)

desire to strengthen technical and innovative capacity and develop new areas of business competency
want to retain environmentally-responsible customers and expand to new markets
want to position themselves a market leaders and innovators
want to change or improve the market image of the company

Risk Management Objectives

want to prevent risks (to anticipate the changing regulatory and market context rather than to react to changes as they are upon them)
recognize the emergence of a new business paradigm and a new competitive terrain
desire to influence the direction of regulations and legislation

Social Responsibility, Health & Safety Objectives

desire to act responsibly
want to improve health and safety conditions
want to improve the internal climate and working conditions

Staying Competitive

Environmental issues are increasingly reflected in business decisions. No business that strives to remain competitive, open to new markets and new opportunities can afford to ignore the global demands for environmental quality. The corporate world looks now at green productivity (GP) - the concept of preventing waste generation at source - as an opportunity for improvement and long-term sustainable growth. Adopting GP can greatly reduce pollution control costs, and, at the same, time, increase profit and efficiency.

Environmental Regulations - a New Stimulus for Innovation

Internationally, governments and industry are paying more attention to the relationship between regulations and innovation. Regulations and policies to increase environmental protection appear to have become a new stimulus for innovation and to have led companies to identify new business opportunities.

One of the most influential areas of government environmental policy has been the development and gradual implementation of extended producer responsibility (ERP). Various approaches to ERP policy are being watched specifically because they appear to stimulate innovation and business success as well as reduce overall life-cycle environmental impacts.

Green Procurement

Many multinational companies have launched comprehensive and innovative environmental programs on their own, not just for themselves but for their suppliers as well, most of whom are SMEs. This initiative, known as "Green Procurement" or "Greening the Supply Chain", means that the large corporations are using their purchasing power to ensure that their suppliers, which could be anywhere in the world, meet certain environmental requirements. Assistance may be extended to them where necessary as many SMEs lack the technical expertise to meet the new requirements.