{"id":7100,"date":"2023-11-16T13:39:09","date_gmt":"2023-11-16T13:39:09","guid":{"rendered":"https:\/\/ineditinnova.com\/?p=7100"},"modified":"2023-11-16T14:10:53","modified_gmt":"2023-11-16T14:10:53","slug":"com-les-practiques-empresarials-sostenibles-tambe-generen-beneficis-economics","status":"publish","type":"post","link":"https:\/\/ineditinnova.com\/en\/com-les-practiques-empresarials-sostenibles-tambe-generen-beneficis-economics\/","title":{"rendered":"How sustainable business practices can also be profitable"},"content":{"rendered":"\n\n\n<p><\/p>\n\n\n\n<p style=\"font-size:25px\">To sustain the current model of production and consumption, the economy should grow by 3.4% annually. How do we make this happen on a planet that doesn&#8217;t grow, with finite resources? &#8220;<strong>The key is to preserve the value of resources for as long as possible and decouple progress from unlimited resource consumption; the answer thus lies in the circular economy.&#8221; This was the starting point of the talk that Elena Badia Elias<\/strong>, Ecodesign and Circular Business project manager at in\u00e8dit, gave on November 11th at the II Sustainability Forum of Castell\u00f3n in her presentation &#8220;Ecodesign and new business models,&#8221; a day for companies and initiatives committed to sustainability to meet and aimed to demonstrate that it is possible to generate economic benefits while minimizing social and environmental impact.<\/p>\n\n\n\n<p style=\"font-size:25px\">In her talk, <strong>Badia pointed out that some of our most urgent challenges are &#8220;extremely complex systemic challenges,&#8221; <\/strong>and to understand these complex challenges, &#8220;we must first understand the problem well through a systemic view,&#8221; that is, considering the impacts at each stage of the product life cycle, from the extraction of materials for production to its final management once it becomes waste.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:25px\"><strong>A change in the business model<\/strong><\/h2>\n\n\n\n<p style=\"font-size:25px\"><strong>Between 75% and 90% of the environmental impacts of a product occur in the phases of material extraction, production, and distribution to points of sale. <\/strong>How can we reduce and capture more value in products to minimize these impacts? <strong>A key strategy is a shift in the business model where companies stop providing products and start offering access to them. <\/strong>This is known as <strong>servitization<\/strong>, and there are three types:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:25px\">&#8211; <strong>Product-centric servitization: <\/strong>The product is owned by the user, and the company offers maintenance, repair, updates, etc., extending the product&#8217;s life while generating extra profit for the company.<\/li>\n\n\n\n<li style=\"font-size:25px\">&#8211; <strong>Use-centric servitization: <\/strong>The product is owned by the manufacturer or brand, and the company offers access to the product through rental or pay-per-use. Companies are interested in ensuring that their product lasts as long as possible, encouraging good material quality and durable design while discouraging planned obsolescence.<\/li>\n\n\n\n<li style=\"font-size:25px\">&#8211; <strong>Performance-centric servitization: <\/strong>The product is owned by the manufacturer or brand, and the company offers results to the consumer through a fixed fee or subscription. The company is interested in making the process as efficient as possible to meet the customer&#8217;s needs and generate value economically.<\/li>\n<\/ul>\n\n\n\n<p style=\"font-size:25px\">\u201cFor this model shift to take place, the involvement of the entire company is necessary: from top management to design, operations, marketing, sales, and finance teams\u201d, according to Badia.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:25px\"><strong>Reducing environmental impact though ecodesign<\/strong><\/h2>\n\n\n\n<p style=\"font-size:25px\">It is estimated that over 80% of environmental impacts related to products are determined in the design phase, so introducing ecodesign criteria in products is essential. These criteria can focus on the pre-use perspective, such as dematerialization, during use, such as facilitating the repair and updating of products, and after use, for example, ensuring material separability for proper end-of-life management.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:25px\"><strong>Having environmental impact data<\/strong><\/h2>\n\n\n\n<p style=\"font-size:25px\">Sustainability metrics allow companies to identify critical improvement points based on specific data, serving as a starting point for implementing ecodesign strategies to reduce environmental impact. As inedit\u2019s project manager puts it: \u201cThese metrics also help align the goals of companies with those of customers and existing regulations while providing transparency in communication with the end consumer\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To sustain the current model of production and consumption, the economy should grow by 3.4% annually. How do we make this happen on a planet that doesn&#8217;t grow, with finite resources? &#8220;The key is to preserve the value of resources for as long as possible and decouple progress from unlimited resource consumption; the answer thus&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/ineditinnova.com\/en\/com-les-practiques-empresarials-sostenibles-tambe-generen-beneficis-economics\/\" title=\"Read How sustainable business practices can also be profitable\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":7098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33,20],"tags":[53],"class_list":["post-7100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cadena","category-ecodiseno","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How sustainable business practices can also be profitable - 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