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Interesting article though in some business entities the solutions are more difficult to implement with longer payback periods.
At work we certainly embrace the secondhand ethos (in out case the office is furnished with likely third or fourth hand items), we have been fitting light sensors into communal corridors in our communal/shared use let properties (pay back we estimate in circa 2 years) and may be considering replacing a broken gas boiler in one empty property with a ground source heat unit as prices are now more reasonable, as are air units thought not quite as efficient.
The catch is often initial costs are too high to justify but as the tech advances adoption often becomes more possible on both environmental and cost saving grounds.
My interest is partly due to my daughter's degree, she has a MA in Sustainable Development, so maybe some of her dissertation on measuring achievements re INDCs and the issues re same rubbed off on me.
We also tried a near zero carbon housing site but the 2007/2008 downturn put paid to that.
Anyway the dissertation is a great read (If you like dry reading) and a snip at £999.99 per copy. (Well I do need to recover the cost of sending her away to university in the first place, I am an accountant first and an Eco warrior second)
It is like computers, the most up to date all singing and dancing cost a lot, but if you wait 2-4 years the previous up to date kit is now well down the pecking order and its development costs have been absorbed by earlier purchasers, in the main I take the same approach with cars (though have bought two brand new ones in my life) letting someone else absorb the front end costs.
Of course my father was a prophet re sustainable living well before it was fashionable, string was always untied not cut, he slit envelopes he received to make note paper
for shopping lists (a great way to keep the cost down, make a list, stick to it, no impulse buys) which he held in a bulldog clip and had a vast collection of DIY bits and pieces that would be useful one day (I now own some of these bits and pieces, they will be useful one day, honest, I will leave them in my will to my children)
Great article. I agree that finance can lead the way to deliver sustainable business models with a positive financial impact.
Thought you may like my article:
https://www.financialdirector.co.uk/2018/01/15/can-finance-team-save-pla...
All the best
Chris
Great article. I agree that finance can lead the way to deliver sustainable business models with a positive financial impact.
Thought you may like my article:
https://www.financialdirector.co.uk/2018/01/15/can-finance-team-save-pla...
All the best
Chris
An interesting concept which I read here in LinkedIn some years ago: disclosure in the MD&A on emissions absolute in absolute terms or in relation to Units produced, sales or some other benchmark like total payroll. Without trying to cost it out, a user can see how environmentally responsible one enterprise is in relatioon to it's competitors. Environmental consciousness could be an attractor for Talent.
In Germany the National railroad states in its advertisements that a certain train trip has zero emissions.
Clearly, CFO's can affect the environment in their choices and policies.