Project Social continues to turns green and rolls on. This week Laura and I discussed greening of HR and how to interest people in making HR more accountable for Green issues. For those of us in the private sector we find profit margin most rewarding. How can green make money for our Company? Another way to look at that is ([Current Cost] – [Improved Process}=> 0) = PROFIT. Profit, this is the main reason American business recycle is because there is economic gain to be had. We are Capitalists.
Having said that let me carve out exclusion, some businesses recycle because it is the right thing to do. Not for Profits may recycle because it is the right thing to do, but they too should be or are looking for economic gain out of recycling. How can an HR department get something like this going? Well paper is a pretty easy target for the gain formula, while some of the other landfill destined items are a little more challenging. Paper may require some handling or storage but it usually work easily if you are looking for the old ROI.
And remember if it is cheaper to dispose of via an alternate means than sending it off to the old dump, it is still a winner and a green alternative. This is another winner for the HR leader looking to do a little green HR.
Through our discussion on the issues Laura has enlightened me as to how in most European countries there are significant regulations mandating Green Initiatives as well as tax incentives to reward those compliant businesses. While I am not a tax expert it would seem to me that if the U.S. government would make more Green initiatives more financially rewarding, businesses would rapidly move in that direction.
Over the years we have seen how tax law drives investment in and out of different areas. Europe has already figured this formula out [New Tax incentive] + [New investment] = Innovation.
So Congress needs to come up with the tax rewards for business – or the mandates to bring green change to business!