Our last blog looked at the pro’s of adopting an environmentally sensitive approach – this week, we look at why business should not go green.

Costs

It can be expensive to switch your source of energy – for example, the initial capital costs of installing solar panels or a wind turbine can be high and it may takes years to achieve overall cost savings.

Increased procurement costs

Sustainable raw materials are likely to be more expensive.  These costs will be passed onto your customers resulting in an increased price for your products, which may make them less competitive and thereby damage your profitability and sales.

Paperless Data Risks

We often discuss the risks associated with digital data.  By going completely paperless and 100% reliant on digital documents, there is an increased risk of damage to your information, either by fraud or error – back-ups become business critical.

False Claims

It’s all very well claiming to be environmentally friendly – but what happens to your reputation if something comes to light which directly impacts on your environmental credentials?  Would discovering your t-shirts are made in a sweatshop where workers are paid tiny amounts per hour damage your green claims?

The Triple Bottom Line

The arguments on why business should not go green, or should, boil down to what is essentially the corporate social responsibility question, that business is not just about profit, but people and the planet too – the triple bottom line.  Often, the interests of profit conflict with those of people and planet.

Inevitably, there is a balance to be struck between ensuring your business is financially sustainable, and that you are doing what you can to protect the environment.  Any social responsibility comes at a cost, and only you can decide what an environmentally sensitive position is worth.  At the end of the day, it’s possibly just a question of wanting to go green – which means it’s all about leadership…

It’s back to school – but are your children as cyber-security aware as they need to be?  We often cover issues around the risks that businesses face from cyber fraud – here we look at ways to keep your children cyber secure … 

Privacy Basics

It’s not just adults who can have their identity stolen.  Disclosing personal data is a big risk, so inadvertently showing your address should be avoided, on bits of paper lying around in photos, or even pics taken outside the house.

Playing the right games…

Do you know what games your children are playing online?  Take Fortnite as an example – some schools have written to parents warning them about this game in particular, which can make children “aggressive and violent”.  If you have no idea what Fortnite is, here are 7 things as a parent you need to know!

Reputation management

This isn’t just for businesses – and it may be too much to expect your child to manage their own online reputation themselves.  We all Google ourselves – don’t we??  But have you ever Googled your child?  This article gives some very useful tips on how to help protect your child without wrapping them in cotton wool.

Password protocols

Teaching children the correct way to use passwords is an essential part of them being safe online.  It doesn’t have to be hard work, as suggested here – the longer the password, the safer it is, so work on encouraging paraphrases as passwords.

360 degree security

Are all of your devices covered by malware software?  Cyber fraudsters don’t differentiate between businesses and individuals, and will have no compunction about whether the device is owned by a child or an adult.  If you take protecting your work devices, then you should check that any Internet of Things gadget in your household is similarly protected, in order to fully keep your children cyber secure.