This document discusses the benefits of a "green workforce" initiative for organizations. It defines a green workforce as adopting flexible work options like telecommuting to reduce carbon emissions and costs. The document outlines how global companies have saved over 15% in operating costs through green workforce programs. Indian companies could benefit greatly from similar initiatives but few have adopted large-scale programs. The benefits of green workforces include reduced real estate footprint, lower employee turnover, and increased productivity and employee well-being.
Imperative of Environmental Cost on Equity and Assets of Quoted Manufacturing...ijtsrd
This study examine the imperative of environmental cost on equity and assets of quoted manufacturing firms in Nigeria. The study adopts ex post facto, content analysis and regression research design. The research adopts secondary source of data in obtaining all the data needed for the study, extracted from the audited financial statements of the sampled manufacturing firms, which is meticulously examined and relevant data extracted from the period of 2011 2018 for analysis, in line with the main objective. Hypothesis is tested and the results reveals that environmental cost has a significant effect on return on equity and return on assets of quoted manufacturing firms in Nigeria. In consonance with this study's findings, it is recommended that, Firms in Nigeria should invest reasonable amount on environmental issues and report same in their financial reports for the various stakeholders to see. This will create a good relationship with the host community which will enable growth in production and increase in turnover. Dr. Odogu, Laime Isaac | Dadiowei, Opritari Maxwell "Imperative of Environmental Cost on Equity and Assets of Quoted Manufacturing Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-4, August 2023, URL: https://www.ijtsrd.com/papers/ijtsrd59695.pdf Paper Url:https://www.ijtsrd.com/humanities-and-the-arts/education/59695/imperative-of-environmental-cost-on-equity-and-assets-of-quoted-manufacturing-firms-in-nigeria/dr-odogu-laime-isaac
What Happens When You Add a "Green" Lens to Lean?Antea Group
Pamela Gordon spoke at the 2017 Lean & Six Sigma World Conference on leveraging lean principles in order to make gains in sustainability at your organization.
Strategies on how companies can be green and competitive. This is an old school project but I thought this information would be useful to share. All images are from the Internet and belong to their respective owners.
BT Green Guide: Understanding "green" business practicesJason Lemkin
Electronic signatures
Contracts are a major source of paper usage in business. Firstly
there is the need to print contracts and sign them, then the need
to fax them to the recipient, which uses the same amount of paper
again. However technology is now becoming available that enables
electronic signatures to be used. The services to look for are those that
comply with the UK Electronic Signatures Act, which gives electronic
contracts the same weight as those executed on paper.
Electronic signatures mean documents never need to be printed.
This creates a major saving in paper usage
In addition to this, there is the potential to cut down on the
office space needed to store hard copies of all such documents
With the possibility for smaller premises comes the potential for
lower energy bills from the reduced heating and lighting costs.
Case study: Henmore Marketing moves business to a virtual
work space
Henmore Marketing specialises in delivering marketing communications and consultancy
services to IT and technology companies. MD Catherine Doel’s knowledge of the
technology market meant she had been quick to see an opportunity to move her
business to a ‘virtual’ footing.
Henmore Marketing shifted to home-working. Enabled by broadband, all employees
could now be happy home-workers with the same access to the company network
as they used to enjoy from the office.
But after a stolen laptop scare, a few days of seriously delayed email, and the new
challenge of managing email through a firewall at a client’s site, Catherine knew she
had a problem ensuring communications and access to key documents was kept at
the required levels. This led Henmore Marketing to embrace BT Workspace software.
It helps them ensure that team members always work on the correct version of
important documents, while client communication now takes place via discussion
forums in the workspace.
As well as the cost savings of no longer needing to pay rent for office space, there was
a clear environmental benefit in the form of reduced employee travel and power usage.
The combination of broadband and workspace software helped to transform the way
Henmore do business.
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.
Imperative of Environmental Cost on Equity and Assets of Quoted Manufacturing...ijtsrd
This study examine the imperative of environmental cost on equity and assets of quoted manufacturing firms in Nigeria. The study adopts ex post facto, content analysis and regression research design. The research adopts secondary source of data in obtaining all the data needed for the study, extracted from the audited financial statements of the sampled manufacturing firms, which is meticulously examined and relevant data extracted from the period of 2011 2018 for analysis, in line with the main objective. Hypothesis is tested and the results reveals that environmental cost has a significant effect on return on equity and return on assets of quoted manufacturing firms in Nigeria. In consonance with this study's findings, it is recommended that, Firms in Nigeria should invest reasonable amount on environmental issues and report same in their financial reports for the various stakeholders to see. This will create a good relationship with the host community which will enable growth in production and increase in turnover. Dr. Odogu, Laime Isaac | Dadiowei, Opritari Maxwell "Imperative of Environmental Cost on Equity and Assets of Quoted Manufacturing Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-4, August 2023, URL: https://www.ijtsrd.com/papers/ijtsrd59695.pdf Paper Url:https://www.ijtsrd.com/humanities-and-the-arts/education/59695/imperative-of-environmental-cost-on-equity-and-assets-of-quoted-manufacturing-firms-in-nigeria/dr-odogu-laime-isaac
What Happens When You Add a "Green" Lens to Lean?Antea Group
Pamela Gordon spoke at the 2017 Lean & Six Sigma World Conference on leveraging lean principles in order to make gains in sustainability at your organization.
Strategies on how companies can be green and competitive. This is an old school project but I thought this information would be useful to share. All images are from the Internet and belong to their respective owners.
BT Green Guide: Understanding "green" business practicesJason Lemkin
Electronic signatures
Contracts are a major source of paper usage in business. Firstly
there is the need to print contracts and sign them, then the need
to fax them to the recipient, which uses the same amount of paper
again. However technology is now becoming available that enables
electronic signatures to be used. The services to look for are those that
comply with the UK Electronic Signatures Act, which gives electronic
contracts the same weight as those executed on paper.
Electronic signatures mean documents never need to be printed.
This creates a major saving in paper usage
In addition to this, there is the potential to cut down on the
office space needed to store hard copies of all such documents
With the possibility for smaller premises comes the potential for
lower energy bills from the reduced heating and lighting costs.
Case study: Henmore Marketing moves business to a virtual
work space
Henmore Marketing specialises in delivering marketing communications and consultancy
services to IT and technology companies. MD Catherine Doel’s knowledge of the
technology market meant she had been quick to see an opportunity to move her
business to a ‘virtual’ footing.
Henmore Marketing shifted to home-working. Enabled by broadband, all employees
could now be happy home-workers with the same access to the company network
as they used to enjoy from the office.
But after a stolen laptop scare, a few days of seriously delayed email, and the new
challenge of managing email through a firewall at a client’s site, Catherine knew she
had a problem ensuring communications and access to key documents was kept at
the required levels. This led Henmore Marketing to embrace BT Workspace software.
It helps them ensure that team members always work on the correct version of
important documents, while client communication now takes place via discussion
forums in the workspace.
As well as the cost savings of no longer needing to pay rent for office space, there was
a clear environmental benefit in the form of reduced employee travel and power usage.
The combination of broadband and workspace software helped to transform the way
Henmore do business.
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.
zkStudyClub - Reef: Fast Succinct Non-Interactive Zero-Knowledge Regex ProofsAlex Pruden
This paper presents Reef, a system for generating publicly verifiable succinct non-interactive zero-knowledge proofs that a committed document matches or does not match a regular expression. We describe applications such as proving the strength of passwords, the provenance of email despite redactions, the validity of oblivious DNS queries, and the existence of mutations in DNA. Reef supports the Perl Compatible Regular Expression syntax, including wildcards, alternation, ranges, capture groups, Kleene star, negations, and lookarounds. Reef introduces a new type of automata, Skipping Alternating Finite Automata (SAFA), that skips irrelevant parts of a document when producing proofs without undermining soundness, and instantiates SAFA with a lookup argument. Our experimental evaluation confirms that Reef can generate proofs for documents with 32M characters; the proofs are small and cheap to verify (under a second).
Paper: https://eprint.iacr.org/2023/1886
Unlocking Productivity: Leveraging the Potential of Copilot in Microsoft 365, a presentation by Christoforos Vlachos, Senior Solutions Manager – Modern Workplace, Uni Systems
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Pakdata Cf is a groundbreaking system designed to streamline and facilitate access to CNIC information. This innovative platform leverages advanced technology to provide users with efficient and secure access to their CNIC details.
Threats to mobile devices are more prevalent and increasing in scope and complexity. Users of mobile devices desire to take full advantage of the features
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Maruthi Prithivirajan, Head of ASEAN & IN Solution Architecture, Neo4j
Get an inside look at the latest Neo4j innovations that enable relationship-driven intelligence at scale. Learn more about the newest cloud integrations and product enhancements that make Neo4j an essential choice for developers building apps with interconnected data and generative AI.
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
Observability Concepts EVERY Developer Should Know -- DeveloperWeek Europe.pdfPaige Cruz
Monitoring and observability aren’t traditionally found in software curriculums and many of us cobble this knowledge together from whatever vendor or ecosystem we were first introduced to and whatever is a part of your current company’s observability stack.
While the dev and ops silo continues to crumble….many organizations still relegate monitoring & observability as the purview of ops, infra and SRE teams. This is a mistake - achieving a highly observable system requires collaboration up and down the stack.
I, a former op, would like to extend an invitation to all application developers to join the observability party will share these foundational concepts to build on:
GridMate - End to end testing is a critical piece to ensure quality and avoid...ThomasParaiso2
End to end testing is a critical piece to ensure quality and avoid regressions. In this session, we share our journey building an E2E testing pipeline for GridMate components (LWC and Aura) using Cypress, JSForce, FakerJS…
GridMate - End to end testing is a critical piece to ensure quality and avoid...
Business Benefits Of Green Workforce
1. Business Benefits of
“Green Workforce”
A Knowledgefaber Article on Benefits of Green
Workforce
Written Gaurav Vasu, Senior Consultant at Knowledgefaber.
Your knowledge partner at every step of Green initiative to
help your organization reduce carbon emission, measure
carbon footprint and benefit from carbon credits.
11/25/2009
2. Nov. 19 Business Benefits of “Green Workforce”
In this article the main objective is to understand the concept of Green Workforce and its impact on the
organization and environment:
1. What is Green Workforce?
2. Benefits of Green Workforce on an organization’s bottom line, environment and employees work life
balance.
3. Do initiatives like Green Workforce have an impact on employee productivity?
4. Have Indian companies adopted “Green Workforce” initiatives?
Research Methodology
Knowledgefaber researchers have been tracking Green initiatives of companies globally on an ongoing basis
Numerous Interviews (primary research) with key participants from companies that have adopted green initiatives
Interviews with experts from around the world who had experience of green consulting
Secondary research including but not limited to company websites, journals, magazines, literature shared by
participants, web search
Introduction to Green Workforce
What is Green Workforce?
Green Workforce involves green initiatives adopted by companies across industries for its employees. It includes
flexible work options like Telecommute, Flexible Work Hours, Compressed Work Weeks or Goal-oriented
Employment.
Global Green Workforce Initiative
Going green for workforce has high impact on company’s operating costs, bottom line and the environment at the
same time Green Workforce initiative is much easier to adopt and less expensive as compared to Green IT
initiative. The concept of green workforce or flexible work options evolved in the early 1960s in the US but it
started gaining popularity only during the 1990s. By the late 1990s, almost all leading companies across industries
in the world particularly in the US and Europe, had started offering a variety of flexible work options. The concept
of green workforce seemed to be more suitable for services companies particularly IT services, Management
consulting and Software services or back offices firms due to the nature of work. However later it also gained
popularity among manufacturing firms like Kraft Foods who were the first few manufacturing firms to adopt
flexible work options. During the current down turn globally companies have turned to green workforce not just to
reduce cost but also to keep their employees motivated. In 2009, 84% of companies overall believe that flexible
work arrangements in their organization boosts employee morale up from 76% last year. Also 78% of polled
companies say flexiwork options bolster retention rates, up from 64% the previous year. This year number of
companies adopting Telecommute (Work from home) option especially large companies (More than 10,000
employees) gone upto 70% from 59% last year. In a difficult economic times, green workforce or flexible work
2
3. Nov. 19 Business Benefits of “Green Workforce”
options are a triple win strategy, allowing organizations to cut payroll costs without large-scale staff reductions,
boost employee morale and retain top talent so the firm can quickly gear up for new business when the economy
turns around. Early part of the year, accounting giant KPMG unveiled its new “Flexible Futures program” for its
11,000 U.K.-based employees. The options include: A four-day workweek and a 20% reduction in base pay; a four-
to 12-week sabbatical with a 30% reduction in base pay. Eleven months down the line Flexible Futures is already
seen as a winner, 85% of KPMG's U.K.-based employees have signed up. The most popular choice is option No. 3,
which features both a shorter workweek and a sabbatical. Outcome as per KPMG with this structure company is
immediate looking at a savings opportunity of 15% of payroll costs. Similar initiative was taken by Citigroup in
February this year with Citi Work Strategies which involved Flexible Work Strategies encourages job sharing,
flexible start and end times, and compressed work weeks. With this strategy Citi hopes to reduce company's need
for office space by 15% over the next several years.
Green Workforce Initiatives in India
Major MNC’s like IBM, Dell, HP, Cisco, Google and Sun Microsystems have already replicated their global green
workforce initiatives like flexi-time, flexible work schedules and telecommute in India and saved millions of dollars.
There is a huge potential for many other MNC’s and Indian companies across various industries like IT services,
BPO (Back office), Software services, Translation services, Engineering services and many other sectors to go green
for their workforce and reduce their operating cost (25% to 30%) and also contribute to environment by reducing
carbon emission.
A few companies, both multinational as well as domestic started introducing flexible work options in some form or
another since late 1990s. HP India offered its employees almost all forms of flexible work options. It allowed its
employees to work part-time or for flexible hours, especially young mothers. Procter & Gamble India had
introduced flexible work options in 1999 and initially offered flexitime, sabbatical leave and included
telecommuting options among these by late 2001. The outcome was soon seen in 2002 when P&G was ranked the
second best employer in India by the Best Employers Survey. In the same year other companies like ICICI also
adopted Green Workforce initiative by offering some forms of flexible work options, especially for women. Since a
majority of ICICI's employees were women, it allowed them to work part time, keeping in mind their domestic
responsibilities.
Though there are more such examples in India but these are few and far. Especially if you compare with Europe
and US the extent of adoption of Green Workforce is very low in India. More companies in India need to realize
that potential impact of green workforce in India is much greater than even US or Europe both tangible and
intangible.
Benefits of Green Workforce
Organizations across the globe have experienced various tangible and intangible benefits by going green for their
workforce. Knowledgefaber has estimated the tangible benefits of going green for an employee has the potential
to save upto USD $10,000 to $20,000 annually for services companies. However organizations across the globe
have reaped multiple intangible benefits like Reduces Stress, Reduces Absenteeism, Reduces Emission, Improves
Employee Health and Improves employee work life balance which has made them a preferred choice for
employment and a brand among employees. Globally and in India HP has over the years provided the flexible work
options for its employees in turn becoming best brands among employees. Texas Instrument reported that it had
seen improvements in retention of employees, lower stress and more effective workers as well as greater “bench
3
4. Nov. 19 Business Benefits of “Green Workforce”
strength” as a result of its flexible work policy. TI management also said “As team members help cover for each
other in times of flexibility, they develop broader and more diverse skills”
Impact analysis – *Cost Savings from Green Workforce in three cases
Average Case
Parameter Best Case Saving Worst Case Saving
Saving
Reduced Facilities Cost $6,400 $3,200 $2,100
Increased Employee Productivity $14,000 $10,000 $6,600
Reduced Attrition $4,750 $2,300 $1,000
Reduced Fuel Costs $700 $350 $150
Reduced Healthcare Costs $1,000 $850 $650
Carbon Emissions Saved (In metric tons) 1.5 1.3 1
**Total Saving for Employer $26,850 $16,700 $10,500
Note: *Illustrative savings for 1 participants in the green workforce programme
Note: **Savings are based on approximate calculations based on certain assumptions
Source: Knowledgefaber Green Workforce Modeler
Recommendations
Strategic tool for Indian enterprises – Knowledgefaber believes green workforce can act as a strategic tool that
can be best leveraged by Indian IT/ITES firms. Though a few firms have taken such initiatives in India but these are
on a small scale. We believe this can be done on a larger scale not only to save operational cost, improve work life
balance, contribution to environment but also reduce carbon emission. As per industry experts ICT industry
currently accounts for about 2% of global emissions of carbon dioxide (CO2) but initiatives like green workforce
can reduce carbon emissions by ~15% to 20% for a firm. For example: BT one of most active adopter of green
workforce initiative in the world intends to reduce its carbon footprint by 80% by 2016, compared to 1996 levels.
The British giant is working towards this target by increasing its reliance on teleworking (Part of green workforce)
and by increasing the flexibility of its employees' work it will be able to reduce costs and energy consumption.
Indian enterprises can take a cue from this aggressively look to utilize green workforce initiatives.
Tool for retention & recruitment – Knowledgefaber has analyzed the impact of green workforce initiatives of
various organizations and believes that it has the potential helps companies retain and recruit best talent from the
industry. Companies like HP, JP Morgan, IBM, BT & Ernst & Young saved millions of dollars in replacement costs by
reducing attrition. For instance E&Y saved $150000 per hire and in training replacements. Deloitte saved $41.5
million in turnover costs due to reduced attrition. Knowledgefaber estimates that the cost of replacement of an
employee can range anywhere between 75 – 200% of the salary depending on the level and criticality of position.
4
5. Nov. 19 Business Benefits of “Green Workforce”
Once the economy improves further the challenge to attract right talent would increase but initiative like green
workforce can helps companies retain & attract best available talent.
Conclusion
Knowledgefaber firmly believes Green Workforce initiative will be an important step for companies in India to reap
benefits in the longer run. Indian companies and MNC’s in India can save millions by taking on the green workforce
bandwagon.
Knowledgefaber Green Workforce Modeling can assess the impact created by green workforce initiative on
organization, employees and environment. Our green consulting practice helps companies efficiently assess,
implement & manage green workforce initiatives.
Disclaimer: Information contained in the report has been obtained from sources deemed reliable and no representation is
made as to the accuracy thereof. Neither Knowledgefaber nor its affiliates, officers, directors, employees, owners,
representatives nor any of its data or content providers shall be liable for any errors or for any actions taken in reliance thereon
5