Sustainability is a topical issue for all businesses these days, particularly those in the manufacturing sector. Read on to find out everything you need to know to transition to sustainable manufacturing.
Sustainable manufacturing minimises harm to the environment throughout the full product life cycle. It has three key characteristics.
Sustainable manufacturing helps preserve the environment and ensure the availability of natural resources for future generations. This is an increasing concern for many consumers around the world. The consumer support for businesses that operate sustainably is increasing, and Australian manufacturers need to embrace sustainable initiatives to remain competitive on world markets.
In addition, countries around the world (including Australia) are setting net zero emissions targets. According to the CSIRO, the manufacturing sector in Australia produces the most greenhouse gas emissions via its production processes and the use of electricity. Government policies will increasingly favour sustainable manufacturing organisations in an attempt to achieve this target.
Sustainable manufacturing encourages organisations to:
It also enables organisations to use their sustainable initiatives as a marketing tool to enhance their brand reputation. With 9 out of 10 consumers more likely to choose sustainable products, it’s clear which way manufacturers need to head.
Sustainable manufacturing benefits both the environment and society as a whole, as well as the businesses that embrace it.
There are a variety of ways to transition to sustainable manufacturing, including:
The move towards more sustainable manufacturing is inevitable. Innovative Australian manufacturers will transition to more sustainable initiatives as soon as they can to create a competitive advantage and secure their long-term future.
If you’re thinking about becoming more sustainable in your business operations and processes, we might be able to help. Our flexible asset finance solution can fund a huge variety of assets, including solar panels.