The Impact of Renewable Energy Usages and Green Practices within Business Periphery on Improving the Sustainability of the Environment All Around the World

The Impact of Renewable Energy Usages and Green Practices within Business Periphery on Improving the Sustainability of the Environment All Around the World

Geraldin B. Dela Cruz 1 , Dr P Hariharan2

TTREGES. 2022 March; 2(1): 5–10. Published online 2022 March

doi.org/10.36647/TTREGS/02.01.A002

Abstract : Establishment of sustainability is essential for the companies as this allows the business to stay competitive in the global market. In order to maintain the sustainable business firms utilises alternative energy sources that in turn assists organisations to improve their reputation on the marketplace and generate greater revenue. With the implementation of green technologies business successfully achieves competitiveness as these results in more productive supply chain. Productivity of the workers improves to a great extent with the establishment of the sustainable businesses. Utilisation of alternative energy sources helps the companies to cut down their excess operational cost and as a consequences firm’s upgrades their economic growth. This also helps the companies to minimise operation cost and make more profitable business. On the other hand, this allows the companies to stay in the running in the competitive business with the support of all stakeholders. Efficacy of the supply chain and logistic and grater performance of the companies are the consequence of the establishment of sustainable business and this in turn helps the companies to conserve the natural resources for future consumption.

Keyword : Productivity, revenue, supply chain, and sustainability.