Made in Group looks at why manufacturers should adopt greener practices as we head towards a Net-Zero future.
Made in Group (MIG) is a membership organisation for the manufacturing industry. The membership has hundreds of manufacturing members based in the Midlands and Yorkshire. The MIG community offers businesses a platform to learn and share best practices, network amongst their peers and forge a strong digital presence.
UK Manufacturing has had a surge in growth over the last year, for the first time in 20 months. In a recent Growth Survey carried out by Made in Group amongst its 400 members, it's apparent that many businesses are looking to expand over the next few years - 92% to be exact. Therefore Made in Group is sharing some ideas on how greener practices can offer several incentives as they head towards a brighter future.
Save on Costs
Implementing energy-efficient technologies, reducing waste, and optimising resource usage can lead to significant cost savings over time. For example, switching to renewable energy sources can lower electricity bills, while implementing recycling and waste reduction programs can reduce disposal costs.
Regulatory compliance
The UK government has implemented various regulations and initiatives aimed at reducing carbon emissions, promoting sustainability, and combating climate change.
By investing in greener practices, businesses can ensure compliance with existing regulations and prepare for future regulatory changes, avoiding potential fines and penalties.
Reputation and brand image
Consumers are increasingly concerned about environmental issues and are more likely to support businesses that demonstrate a commitment to sustainability. Investing in greener practices can enhance a company's reputation, attract environmentally conscious consumers, and differentiate it from competitors.
Access to markets and opportunities
Many industries and sectors are placing greater emphasis on sustainability and environmental responsibility. By adopting greener practices, businesses can access new markets, partnerships, and business opportunities, such as government contracts, green certifications, and sustainable supply chain initiatives.
Risk mitigation
Climate change and environmental degradation pose significant risks to businesses, including supply chain disruptions, regulatory changes, and reputational damage. Investing in greener practices can help mitigate these risks by enhancing resilience, reducing vulnerability to external shocks, and ensuring long-term business sustainability.
Innovation and competitiveness
Embracing greener practices often requires innovation and creativity, leading to the development of new products, services, and business models. By investing in sustainability initiatives, businesses can foster innovation, enhance competitiveness, and future-proof their operations in a rapidly changing business landscape.
Overall by prioritising sustainability, businesses can not only contribute to a healthier planet but also drive long-term profitability and success.
Made members, go greener with Made in Group by attending 6 events and we’ll plant 25 trees with Ecologi - our goal to plant 10,000 trees