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Small businesses and carbon neutrality

On Behalf of | Jun 23, 2021 | Uncategorized

All around the country, small business owners are looking for ways to achieve carbon neutrality. Understanding that it’s no longer just something the big companies do, these entrepreneurs seek to leverage the applicable laws in their favor.

It’s not just good for the planet; it’s also good business

Legal advisors who work with business owners frequently stress the advantages of going green. Today’s consumer is more discerning and willing to pay a little extra for a product that doesn’t have a large carbon footprint coming with it. That said, investing in any type of equipment that allows for carbon neutrality isn’t cheap.

It’s not greenwashing

Business law actually favors entrepreneurs who are taking steps to reduce emissions. This is different from the so-called green sheen that some companies choose. Cleverly worded ads portray certain aspects of the business as being environmentally conscious when this isn’t really quite true.

If consumers catch on, your company’s reputation suffers. In contrast, it likely gains a boost when you take advantage of rules that provide for favorable loans for greener equipment. Similarly, you may take advantage of a carbon offsetting plan that lets you invest to make up for any emissions your company cannot avoid.

What are the next steps?

One of the most powerful tools you have is the contract you sign with a provider, distributor or any other company in your supply chain. In this way, you can work with a delivery firm that uses carbon-neutral vehicles to transport your products. Other contracts have to do with getting the energy you need from renewable sources.

For example, the law may allow you to receive rewards for installing solar panels at your company. Do these options sound confusing? Some entrepreneurs decide that sitting down with a lawyer is a worthwhile option when initially setting up a business.