What are two potential benefits of operating a more sustainable practice?

Operating a more sustainable practice offers two significant benefits:

Allows partners to meet Request for Proposal (RFP) requirements (A):Many organizations, especially in the public and corporate sectors, now require sustainability commitments in their RFPs. By incorporating sustainable practices, partners can better meet these requirements, which increases their chances of winning contracts and expanding business opportunities.

Provides access to green recovery funds (C):Governments and financial institutions are increasingly offering green recovery funds or incentives to organizations that focus on sustainability. These funds help businesses transition to more sustainable operations, offering financial support for green initiatives like energy efficiency improvements, renewable energy adoption, and waste reduction. Access to such funds can provide a competitive advantage and reduce operational costs.

Environmental Sustainability References:

European Commission. (2021).Green Recovery: Supporting Businesses to Transition to Sustainability.

United Nations Environment Programme (UNEP). (2022).Sustainable Procurement and Meeting RFP Requirements.

World Bank. (2021).Green Funds for Economic Recovery and Sustainable Business Development.