While many US companies are making swift moves toward eco-friendliness to boost their corporate images or because they truly care, many others simply have to because of the nature of their businesses or ever-stricter environmental regulation. For instance, the daily operations of energy and manufacturing companies’ already necessitate monitoring of output and waste. Meanwhile, EPA legislation revisions planned this year are expected to expand the pool of companies at risk of costly noncompliance fines if they don’t implement more sustainable practices.
Already taking those steps are behemoths like Bank of America and its internal recycling program, Hewlett Packard and its e-waste initiative and Walmart and its use of energy-efficient lighting. While these corporate giants may have the necessary funds and resources to make drastic investments in sustainability, there are many steps businesses of all sizes can take to lessen their negative impact on the environment or simply stay compliant as regulation tightens. And with the right purchasing strategies, businesses can avoid taking an axe to their bottom line. IBISWorld has identified some key products and services that can help companies achieve their sustainability goals, as well as the strategies to do so for the best price.
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