With the EU’s goal to reduce emissions and be carbon neutral by 2050, it’s important that a business strives to be a “sustainable business” and be EU Taxonomy aligned.
So, when talking about a sustainable business, we are referring to a business that is EU Taxonomy aligned. In order to be aligned with the EU Taxonomy, the business in question has to ensure that they contribute to one of several environmental goals that are set for the EU Taxonomy, and ensure that they don’t conflict with any of them. It may involve activities that touch the environment or society either physically by transporting goods or servicing people or both, or by its actions to the environment or to a community. If you measure any organisation by first evaluating how it meets the needs in the products and services it provides, whether to the marketplace or within the community, the same formula applies when it comes to whether the business is EU Taxonomy aligned.
Again, it is a business that makes a profit from, or generates income and thus a viable business to be concerned solely with once the organisation and doing so ethically. It does not think about its impacts on public opinion at all. It is the type of business that, at its core, approaches business as competition or as collaboration designed to meet a need (customers or other enterprises) and that wins throughout ethical principles of compassion, fairness, and respect for the common good.
Think of all of the great companies that have existed in the past period, whether famous brands or small stores, that operate to the highest level of ethics because they have succeeded in satisfying any of the needs that society as a whole may have. Think of a business that manufactures food, electronics, or anything that provides goods or services and is able to produce a profit. This is the type of a business that is well known for its quality, trustworthy, and cost effective products. To the extent that it meets this standard, it is one that is sustainable and EU Taxonomy aligned.
Saving on energy can be a good example of a sustainable business, and is one of the goals required to be met to be EU Taxonomy aligned. A manufacturing facility that uses clean energy may make that facility at a lower cost and outproduce and outperform other factories that produce goods because the executive decisions of the organisations do not have to contest with other companies and try to do the same thing. It may also be proud of its green, energy efficient products and services.
Companies that have a strategy that encourages recycling from materials and other production materials is another type of a sustainable business, and what is necessary to be EU Taxonomy aligned. The use of recycling exhibits certain other benefits and that includes clean air. Companies that use such an item as a marketing tool do not have to worry about the public perceiving that the company has a controversial stand on environmental issues.
A sustainable business is not difficult to identify; as it is defined in the EU Taxonomy regarding how the business can become EU Taxonomy aligned. The concept has been around for a long period.
I have a belief that doing "good" to create a better world, regardless of the product or service, would be good, it is a concept. It elevates the will to engage in more than what other men do. It provides a way to creatively do good for others as you engage in doing good. I have a belief in good and have faith in it, energy and people you do good, create an outcome and some that do not do good. Good is good for you and I you all.
A sustainable business that is taking good care of the environment to be EU taxonomy aligned and the people in general is able to do that simply by not being engaged ominously in something that you or I would not want to be engaged in, no matter the other's point of view. At some point, sustainability is simply doing the socially responsible thing while doing a business with excellence and profit to meet the needs of society or the market.