For many businesses, achieving sustainable growth can be a complex and challenging task, especially when it comes to managing technology and infrastructure.
That’s where Device-as-a-Service (DaaS) solutions like DaaS 360 come in.
Continue reading to discover what sustainable growth is for a business and how DaaS 360 helps businesses improve productivity, reduce costs, and promote environmental sustainability.
What is Sustainable Growth for Businesses?
In order to fully comprehend the concept of sustainable growth for businesses, it is crucial to have a clear understanding of sustainability first.
Sustainability refers to how we maintain and improve our quality of life for current and future generations while minimising our environmental impact.
Most recently, there has been increasing recognition of the importance of sustainable business practices in terms of ethical considerations and their potential financial benefits.
Sustainable growth for a business is the ability to expand and increase profits over time without negatively impacting the environment, local communities, or the well-being of employees.
This can include adopting environmentally-friendly practices, such as:
- Reducing waste and carbon emissions
- Promoting ethical labour practices
- Contributing to the well-being of local communities
Consumers are increasingly interested in supporting companies that prioritise sustainability. Governments and regulatory bodies too are enforcing more stringent environmental and social standards on businesses.
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Why Should Businesses Opt For Sustainable Growth?
1. Increased Eco-Awareness Among Consumers
Consumers are increasingly aware of how their purchasing decisions impact the environment, leading to a growing trend of eco-awareness.
By adopting sustainable practices, businesses can attract environmentally-conscious customers and build a positive brand image.
2. Keeping Up with the Trend
Governments and regulatory bodies worldwide are increasingly enforcing stricter sustainability regulations on businesses.
For example, in Malaysia, the Low Carbon Cities Framework (LCCF)Â encourages sustainable urban development and help cities in Malaysia transition to a low-carbon economy.
As a result of these regulations, businesses are increasingly being held accountable for their environmental impact and are expected to embed sustainable practices to keep up with changing market demands.
3. Contribute to the Betterment Of the World
A business’s sustainable growth can contribute to a better world by reducing negative environmental impacts, promoting social responsibility, and creating positive change in local communities.
4. Support from Government and Green Financing Companies
Governments and green financing companies provide abundant support for sustainable business practices through various initiatives and funding programmes.
For example, in Malaysia, the government has launched the Sustainable Energy Development Authority (SEDA) and the Green Technology Financing Scheme (GTFS) to encourage sustainable business practices.
SEDA is responsible for promoting the development and use of renewable energy in Malaysia. Its Low Carbon ICT programme provides funding to businesses to implement low-carbon ICT solutions, such as:
- Energy management systems
- Smart lighting
- Building automation systems
GTFS, on the other hand, is a scheme managed by the Malaysian Green Technology Corporation (MGTC). It provides businesses in Malaysia with financing options to implement green technology projects.
By taking advantage of these resources, businesses can overcome the initial costs of sustainable practices and ultimately benefit from increased profitability and long-term success.
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DaaS 360: Sustainable Business Tech
DaaS 360 allows businesses to access and utilise various devices and IT equipment on a subscription basis.
They can benefit from our flexible and scalable IT solutions, along with professional maintenance and support services.
By subscribing to DaaS 360, businesses can drive sustainable growth by decreasing the need to purchase and dispose of equipment, reducing waste, and promoting a circular economy.
Moreover, the maintenance and support services included in the subscription extend the lifespan of the equipment, lowering the need for frequent replacements and further contributing to sustainable practices.
DaaS 360 also offers DaaS tech financing services to promote business sustainability. With it, businesses can operate the latest IT equipment without paying large upfront investments.
