A sustainable business strategy for the Moreton Bay region
Regional Development Australia Moreton Bay commissioned NACC Sustainability and the University of Southern Queensland to design a strategy for the Moreton Bay region which will support businesses which want to be more financially viable through the wise use of sustainable business activities.
View the Moreton Bay Sustainable Business Strategy.
RDA Moreton Bay and Moreton Bay Regional Council will be working in 2013-14 to implement the strategy with the region’s businesses.
Why a sustainable business strategy?
A sustainable business is one that values and implements economic, social and environmental practices in order to become more profitable, sustain business activity in the long-term, retain and attract valuable staff and also reduce impacts on the environment.
Sustainable business practices can include being efficient in the use of resources such as water, electricity, consumable goods and transport and also minimization of waste. Sustainable businesses also value and treat their employees fairly and make a positive contribution to their community.
Benefits of being a sustainable business:
- Streamline operations and reduce overhead costs
- Improve resource efficiency and increase productivity of employees
- Retain and attract valuable staff by being an ethical business
- Survive through energy and water price increases and other economic and environmental shocks
- Reduce negative impacts on our region’s fragile environment.
Sustainable businesses can access new markets and business opportunities:
- Marketing their sustainable efforts to consumers as a unique selling point
- Complying with environmental management systems required by businesses higher in the supply chain and being able to tender for new work
- Implementing resource and time-efficient practices to produce more highly cost competitive products and services
- Exploring the option of expansion into the fast-growing sustainable product and service supply markets.
An efficient and sustainable business is simply a smart business!
Neil Hoddinett, past Chair of RDA Moreton Bay, states that “In the July 2012 Moreton Bay Business Confidence Survey, 60% of businesses that responded indicated that rising overhead costs continue to be the largest constraint to business growth in the Moreton Bay region. There were also concerns over the Carbon Tax, price pressure from competitors and rising production costs. The Moreton Bay Sustainable Business Strategy will be designed to deliver a toolkit of actions that businesses can undertake to address these concerns”.