This guest blog is by Dr John French, CEO of the Adapt Low Carbon Group
Making a dent in your company’s carbon footprint is not necessarily the first thing that springs to mind when considering how to grow your business. Many company bosses struggle to see how the bottom line can benefit from a low carbon approach. But whatever sector you operate in and whatever your business does there are significant opportunities for economic growth in a low-carbon world.
At the Adapt Group’s Low Carbon Innovation Fund (LCIF) – a venture capital fund for businesses in the East of England offering investments between £10k and £750k – we can offer the following advice on how to achieve low carbon economic growth.
Become lean and efficient
Review your entire business and look to replace anything you currently do that wastes energy. Becoming energy efficient will reduce carbon emissions and lead to long-term cost savings.
Use innovative green technology
Boost your low carbon credentials and stand out from your competition by investing in new green technology. This can save you money in the long term. Is your equipment energy efficient? Can you generate your own energy? Can you use state of the art technology to be more efficient?
Think re-usable, recyclable or recoverable
Using reconditioned or recycled raw materials smartly can reduce impacts from disposal in landfills. This approach may also save costs over virgin materials by reducing the need for carbon intensive processing and transport costs along the supply chain.
By removing inefficiencies in transport, material or energy use when designing a new service or product, you could make a huge difference to your company’s carbon footprint.
Influence green behaviour
Consider whether your service or product could be designed/re-designed to prevent your customers wasting materials or energy. Getting to know your customer better in this way is not only good for relations, but may also offer further design innovations, as well as cost saving opportunities.
If you’d like to speak to someone about how you can integrate carbon saving that will benefit your business, get in touch via the Low Carbon Innovation Fund website.