There is much debate about whether companies can consider the environment and ‘going green’ in the current economy – my belief is that, while it may not be the first priority for a business, all businesses can be moving in the ‘right’ direction. Even better, doing so can often lead to cost savings and improved sales opportunities which are often high priorities for businesses at the moment. My concern is that some of the legislative requirements are so expensive and onerous that it puts people off looking for the opportunities that they could take voluntarily. These were the key messages from my presentation at Business as Usual in the Low-Carbon Economy – an event hosted by Bayer.
As an independent FD my concerns are for the financial performance of the businesses I work for – this can often include other ethical considerations that work for the benefit of everyone like staff training/sabbaticals to retain staff and avoid the costs of recruiting and retraining, sourcing supplies locally and so on. I touched on these during my presentation not least of all because in the Companies Act 2006 all directors have a statutory obligation to consider the impact of their business decisions on the community and the environment.
As an FD I am good at measuring and analysing data, as an individual I feel passionately about helping those less fortunate than myself – the ethics of business bring the two together nicely.
