Lean manufacturing is a traditional term used to describe a way of being more efficient, reducing wastage from operations, and eventually, improving company financials. That concept has now evolved into green manufacturing, where not only are the bare minimum resources used, but all the operations are done in the most eco-friendly manner possible. Added value gets created for businesses employing such practices in their infrastructures, as awareness of the global warming crisis keeps becoming increasingly widespread. Through our market studies during our nascent days, we found out that there are quite a few business benefits of building a sustainable infrastructure. Here are a few of them:
Going green can save costs in more ways than one. Take, for instance, the installation of a solar grid. If a manufacturing facility is powered completely by solar energy, there is no need for any expenditure on electricity from the traditional grid. Another example is the environmentally beneficial practice of rainwater harvesting, which can significantly reduce water bills depending on the scale of usage. At Kabira Mobility, we adopt both these practices and several more to comply with our strict environmental standards, which we hold in very high regard.
Adherence to sustainable practices can really bolster a firm’s image in the market. A company that has established itself as a champion of environmental responsibility automatically pumps more interest and value into its brand. This perception surely helps as more people want to do business with companies that care about more than just profits.
With an aim of promoting EV sales, governments around the world are offering tax credits to companies committed to providing green solutions. The Indian government’s FAME II scheme has an outlay of Rs. 10,000 crore for creating EV demand in the country. This phase of the scheme will do that by supporting 7,000 e-buses, 5 lakh electric three-wheelers, 55,000 electric four-wheelers, and 10 lakh electric two-wheelers.
Creating job interest
It’s no secret that millennials are the workforce of today. A study released a few weeks back found that millennials and Gen Z are more sustainability-oriented than the older generation. They would hence be pleased to work for companies that are socially and environmentally responsible, instead of those that are not.
Contributions to the economy
An NRDC study found that the five years between 2014 and 2019 saw a five-fold increase in the number of clean energy jobs in India. Businesses taking the green route hence have way bigger impact than one would think. Together, they can even help address the challenges impacting society and build a stronger foundation for the economic and industrial future of our country.
Over and above all these business benefits, let us also not forget how big of an environmental impact sustainable infrastructures can have. Protecting the planet and conserving its resources for future generations must be a fundamental reason for any company to go green.