Five Tips to Make Your Business More Sustainable

In an era where environmental concerns are at the forefront of global discussions, businesses are increasingly recognizing the importance of sustainability. Adopting sustainable practices not only benefits the planet but can also make your business stand out from the crowd. Here are five tips to make your business more sustainable:

1.Energy Efficiency Initiatives:

One of the easier ways to make your business more sustainable is by conserving energy. It’s a good idea to conduct an energy audit to identify areas where consumption can be reduced. It could be as simple as investing in energy-efficient appliances, lighting, and heating/cooling systems. Other simple measures include turning off lights/equipment when you’re not using it, encouraging employees to turn off their computers at the end of the day and putting lighting and heating on a timer.

2.Waste Reduction and Recycling Programs:

Businesses generate a considerable amount of waste, much of which can be recycled or repurposed. Establish a recycling program within your business encouraging employees to separate recyclables from general waste. Additionally, consider using more eco-friendly packaging that either breaks down or has been produced from recycled materials. Encourage the use of reusable materials and containers, both internally and externally.

3.Go Digital:

Implement a policy of digital communication and record keeping. Start the shift away from traditional paper-based documentation to digital platforms to reduce your reliance on paper – which both saves you money and the trees.

4.Supply Chain Sustainability:

Assessing and improving the sustainability of your supply chain is crucial for overall business sustainability. Seek out suppliers who are also committed to sustainability and buy local where possible to reduce your transport-related emissions. Consider implementing a policy where you hold less stock to help reduce the amount of wasted products.

5.Carbon Offsetting Programs:

Reduce the carbon footprint of your business by participating in carbon offsetting programs. Collaborate with reputable organizations that specialize in carbon reduction initiatives and invest in projects that offset an equivalent amount of carbon dioxide that your business generates. Offsetting your carbon emissions demonstrates a commitment to climate neutrality and aligns your business with global efforts to combat climate change.

Making your business more sustainable involves a holistic approach but incorporating these more sustainable and eco-friendly practices into your business makes you stand out from the crowd and contributes to a more sustainable future.

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How to prepare for the end of financial year

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The end of the financial year is fast approaching, so if you’re balance date/end of financial year is 31 March, there are a few things you need to do to help us prepare your financials. Take a stocktake If your business sells products or has stock, you’ll need to do a stocktake on 31 March. If you’re a business that sells products, then you need to take a stocktake of your physical inventory. If you’re a farmer, then you need to take a physical livestock tally. Send in your EOY papers Compile a folder (digital or hard copy) with a copy of the following documents: Bank statement that shows the balance on 31 March 2025 for all your bank accounts and loans. Insurance invoices. ACC invoices. Loan statements for the year (if applicable). Any new loans or refinancing documents. Invoices for assets purchased and sold. GST workings and reports. Submit the online questionnaire You’ll also need to fill out and submit the online questionnaire. You should receive an email from us in April/May, with a link to fill out and submit the questionnaire. If you haven’t received an email with the link by the end of May, let us know.

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