Green BusinessEnvironmental Science1

Group:1-Prepared by-

Maimuna MahmudAli Arfi Shafat ChowdhuryPuza Rani BasakAshikul IslamSheikh Adnan MehediMokesh Paul2

IntroductionGreen business is a way of doing business that protects the natural environment. It supply goods or services within a local community. This business will also engage in forward-thinking policies for environmental concerns and policies affecting human rights.This is a business functioning with no negative impact.This business can be large or small, and owned by women or men of any age, ethnicity or socio-economic background.

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Green Business Is A Smart BusinessPreserves or enhances environmental quality.Provides family supporting wages and benefits, with safe working conditions.Saves money, enhances business reputation, accesses new opportunities and boosts staff morale.Improves the efficiency and reduces energy, waste and water costs.Reduces environmental gas emissions and other environmental pollutants.Reduces ecological footprint.

Prepares high-quality, healthy and affordable food, made from 100% local and organic ingredients.Maintains a healthy, safe and loving workplace for our employees and customers.4

Green Business Model InnovationThere are many terms in the public and academic debate about how companies green their business and how they are categorized as green companies. These terms are ranging from the more product oriented perspectives like clean-tech companies that produce e.g. renewable energy such as wind and solar power, resource efficient products such as energy efficient pumps, to service-oriented companies which provide environmental services, to companies that implement more process-oriented initiatives in their businesses or whole value chain such as environmental ISO-standards, cradle-to-cradle, Corporate Social Responsibility (CSR) or green reporting etc.1. The more parts of a business model which are changed and have a green effect, and 2. The more profoundly a green change is taking place within the individual parts of the business model going from modification, re-design, alternatives, to creation the greener the business model innovation is and the higher potential for creating radical eco-innovation.

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Types Of Green Business Model InnovationTwo main models:The incentive models:The incentive models include functional sales or product service systems and performance-based models which may have green effects such as Energy Saving Companies (ESCOs), Water Saving Companies (WASCO), Material Saving Companies (MASCO), Chemical Management Systems (CMS), and Design, Build, Finance, Operate (DBFO) etc.

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Types Of Green Business Model InnovationLife-cycle models:The life-cycle models include cradle to cradle, take back management, green supply chain management, and industrial symbiosis.

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Drivers and barriers of Green Business Model InnovationDrivers:Initiate green business model innovation which is increased consumer awareness towards sustainability.Opportunity for companies to differentiate their products and services and create a competitive advantage by being greener and more sustainable than their competitors.Barriers:changing the companys business models into greener ones, is a lack of knowledge and skills throughout the entire value chain. Some customers are willing to buy more sustainable products and services, but there is still a large group of customer that do not have enough knowledge about what sustainability is and who are too conservative to change their buying habits where price is the main purchasing incentive.Companies wanting to transform their business models is the large costs of new machinery and new materials or changes that must be implemented in new product development and design. Furthermore, recycling and reusing materials require infrastructure systems, which also are costly to develop and implement.8

Policy to promote green business model innovationThe rational for policy intervention lies in market failure related to the negative externalities of climate change and other environmental challenges leading to under-investments in eco-innovation and green business model innovation.

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Implementing policies for green business model innovation Necessary to uncover whether there are current or up-coming strategies or initiatives in each of the countries where the above recommendations would fit, and whether the policy recommendations can be implemented in the current frameworks.Existing relevant green innovation funding programs could include or have a strategic focus on the life cycle and incentive model elements such as ESCOs or C2C.These programs could for example be in line with the pilot project of the Danish Business Innovation Fund with particular focus on SMEs or in relation to export guarantees.

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Challenges and opportunities Of Green Business*Effects on profits and a firm's financial 'bottom line *Might make many corporate executives cringe *A positive correlation exists between environmental performance and economic performance

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Blossoming Green Business Opportunities #Organic and Sustainably Produced Foods #Green Apps #Transportation

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Modern Green Business Innovations

Green Smartphone Apps And environmentally friendly transportation.

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Green Business ScopesNew Dyes for Greener Textiles : European countries promotes a project called Biscol which aims to develop a new, Eco-friendly dyeing process. Biological compounds will replace polluting chemicals to produce bio-dyes. These bio-dyes have a lower environmental impactwill be synthesized on an industrial scalewill be optimized to use lower temperatures and reduce treatment timespromise to benefit high-tech SMEs in terms of improved competitiveness, innovation and sustainable practicewill offer reduction in greenhouse gases and the use of raw materials will provide greater protection for water resources14

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Green Business ScopesA Second Life for Old Shoes : In Europe industries contribute 90 000 additional tones of waste derived from by-products and rejects.Naturalist aims to recycle old shoes and footwear industry waste by using a mechanical grinding processmake ecological products from old footwear to decrease the environmental impact of footwear to obtain an Eco-label that indicates that a product uses recycled materials from shoes.15

Green Business ScopesSorting and Saving Electrical Equipment : Europe generates about 12 million tons of waste electronic and electrical equipment (WEEE) every year. The E-AIMS projectintends to provide WEEE managers with an innovative sorting and recovery process. will run a demonstration at a pilot plant to deal with waste from all categories of WEEE.devise automation systems to sort wastewill be supported by software applications and radio Frequency Identification systems (RFID)aims to increase the rates of material recycling by 35-40% and decrease the amount of waste sent to landfill by 25-30%.16

Green Business Ideas for Eco-friendly Entrepreneurs in BangladeshBuilding and ConstructionA Lower Carbon Footprint for Concrete : Concrete is the worlds most common construction material but the production of cement used to bind it is a key source of CO2 emissions. In Bangladesh many projects provides the technical and marketing structure that will facilitate the access to the market of sustainable concrete products.The Sustcon-EPV projectaims to encourage the uptake of sustainable concrete technology via a new sustainability index and the so-called environmental performance protocolwill encourage the cross-border use of sustainable concrete, reduce raw material production and lead to a decrease of CO2 emissions of 50 to 250 kg per m3 of sustainable concrete.

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Green Business Ideas for Eco-friendly Entrepreneurs in Bangladesh Recycled - Made from materials that would have been discardedOptions: bags, journals, paper notepads, pens, pencils, magnets. Reusable - Items that replace throwaway items - Reduce waste through reuseOptions: lunch sacks, coolers, water bottles, travel mugs, tote and grocery bags Recyclable - Can be recycledOptions: Tote bags (PP), water bottles

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Organic or Recycled Fashion Organic Fashion refers to clothing and accessories that have been made with a minimum use of chemicals and limited impact on the environment. Eco Fashion is a broader term used for all clothing, fabrics and accessories that have been manufactured in an environmentally conscious way. 19

Companies That Do Green Business

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McDonald's

McDonald's is a company on a mission. Tired of being held up as an example of corporate evil and greed, the fast food chain has been hitting out at critics with a series of environmental and social initiatives designed to prove that it cares.The group announced its latest initiative: to turn its spent cooking oil into biodiesel fuel to power its vans in the UK.Theyve swapped over to non-hydrogenated cooking oil in its restaurants.The introduction of sustainably grown coffee, organic milk and toasted deli sandwiches.

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Coca-Cola

Coca Cola has taken the initiative to launch a new product which will bemarketed as Coca-Cola Life.

The plastic bottles are made from 30 percent plant-based plastic and they are fully recyclable. With its 108 calories per 600 ml bottle, the drink itself sits somewhere between Diet Coke (0 calories) and classic Coke (250 calories) thanks to its partial use of the sweetener stevia alongside sugar.22

Responding to concerns about the environment, Toyota set itself an exceptionally high goal for its 21st century car project in the spring of 1993

To create a car that would have more than twice the fuel economy of cars in the same class, reduce CO2emissions, seat five adults and provide maximum cabin space in a compact design.TOYOTA23

ConclusionThe reality is that Green is essentially synonymous with change in terms of how we consume, how we do business, how we work, and how we approach innovation.The beauty of Green, however, is that it is also synonymous with growth. As we move into an era of constrained resources, organizations that help their customers minimize waste and resource consumption will emerge as market leaders. And there are countless ways to get there, no matter what role you play in your organization. If youre in Product Development, you can shape the future of Green by creating the offerings that push the definition of Green to new heights. If youre in Operations, you can analyze and redesign the processes by which your organization does business and eliminate waste and inefficiencies. If youre in Human Resources, you can push for new policies that allow employees to work virtually or new reward systems that incentivize Green behaviors.

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Its not justIts HomeA planet. . . . THANK YOU25

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