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Can being green really boost the bottom line for business?

PUBLISHED: 14:46 18 July 2014 | UPDATED: 15:19 18 July 2014

EDP Business Awards 2013. Pictured: Environment and Sustainability winner - Fairhaven Woodland and Water Garden
Andrew Verney, Louise Rout, Paul Dickson. Photo: PAGEPIX LTD

EDP Business Awards 2013. Pictured: Environment and Sustainability winner - Fairhaven Woodland and Water Garden Andrew Verney, Louise Rout, Paul Dickson. Photo: PAGEPIX LTD

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Can being green help boost the bottom line? That is the key question many businesses ponder as they embrace the sustainability agenda.

The green economy is set to bring up to £50bn of investment to Norfolk and Suffolk in the next two decades. But what about the role businesses are playing too?

Unearthing that environmental entreprenuerialism is something which is key to the EDP Business Awards environment and sustainability category.

Andrew Verney, head of sustainability and assurance at Foster, sponsors of the award, said sustainability embraces the environment, the economy, and the community.

“It’s not about growth at all costs, but it’s about growth which recognises those pillars,” he said. “We are looking for innovation that helps all the members of a community, and there’s no doubt the innovations the businesses we see come up with are good for the environment and the bottom line. There’s absolutely no conflict there. We look for those people with the longer term view.”

Click here to enter the awards now

The award will go to a group which clearly acknowledges a proven passion and dedication to improving the environment and ensuring sustainability is at the heart of its business.

A business that has taken its environmental, social and financial performance to the next level – managing and mitigating its impact while using the sustainability agenda to gain competitive edge.

The organisation must show evidence that it has schemes, initiatives and policies which have minimal negative and maximum positive impact on the environment.

Judges will look for clear methods of evaluation, effects on financial performance and involvement of staff and customers.

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