Introduction to Green Entrepreneurship PDF

Introduction to Green Entrepreneurship University of Kelaniya, Sri Lanka Green Entrepreneurship Department of Commerce & Financial Management...

Introduction to Green Entrepreneurship University of Kelaniya, Sri Lanka Green Entrepreneurship Department of Commerce & Financial Management University of Kelaniya , , University of Kelaniya – Sri Lanka  At the end of the session students should be able to; 1. Explain what is green/sustainable entrepreneurship 2. Explain why green entrepreneurship is important 3. Explain the elements of green Entrepreneurship 4. Explain Triple Bottom Line (TBL) 5. Explain the link with SDGs , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  Introduction Green Entrepreneurship is an entrepreneurial journey to optimize the returns on Economic, Social and Environmental Capital Invested. Its a process of wealth creation through optimal use of natural or man made resources by ensuring minimization of green house gas emissions and waste generation to reduce air, water and solid waste pollution thereby increasing profitability while enhancing an overall positive impact on humanity. , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  Main drivers of Green Entrepreneurship Warming Saving Critical Natural Resources Sustainable Enterprise Creation- Increasing Profitability, Sustainably While Creating Abundance For All Creating a Better World For Future Generations (given that the world’s population will grow from current 6 billion to about 9 million by turn of this century which is likely to put additional burden of serving additional humans on this planet) , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  Global warming and how a Green Entrepreneur can help? Profitability and sustainability of any business must include sensitivity towards HUMANITY with a very longterm view of conserving the earth and its environment. For this every entrepreneur, current or new must turn green by committing irrevocably to the following: 1.Find Ways to Reduce GHG Emissions 2.Conserve Energy, Water and Usage of Other Critical Resources - Natural or Manmade , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  Cont.. 3. Minimize Solid Waste Generation and Reduce Costs of Landfills, Create Local Compost Piles from Organic Waste 4.Innovate in the Area of Agriculture to Evolve New Techniques that Minimize Water Usage 5.Restore Forestation 6.Reduce, Reuse and Recycle 7.Increased Recycling- Paper/Glass/ Plastics/ Styrofoam/ Aluminum Cans/ Electronics/ Batteries , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  Cont.. 8.Develop and Increase Use of Renewable Energy 9.Prevent Underground Water Pollution, Air Pollution and Soil Pollution and Increase Availability of Potable Water 10.Eliminate Usage of Fluorocarbons and Prevent Methane Emissions 11. Produce Energy Efficient Devices 12. Increase Use of Bio-degradable Materials 13. Eliminate Unnecessary Transportation and Travel 14. Adopt Organic and Vertical Farming with use of Renewable Energy Sources 15. Create Awareness in Our Society at All Levels Starting with Family, Community, Corporates etc. , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  SUSTAINABILITY ▪ Sustainability means meeting our own needs without compromising the ability of future generations to meet their own needs. ▪ Combination of natural resources, we also need social and economic resources. ▪ Environmentalism, Social equity, economic development Sustainable development Sustainable development is an organizing principle that aims to meet human development goals while also enabling natural systems to provide necessary natural resources and ecosystem services to humans. Focusses on three phillars- Environment, society and economy 8 , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  Why Sustainability? Sustainability goals to do enough more than report dangerous circumstances like the environmental disasters stated overhead. The major three reasons why the growth of sustainable replicas of use and construction are so significant: 1.Natural resources are available in limited quantities. 2.Exponential social population development 3.Rising inequality 4.climate change 5.Growing worldwide dependencies 6.Present plus forthcoming generations to have a complete right to accomplish their requirements. , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  What is a green/sustainable business? A sustainable business, or a green business, is an enterprise that has a minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy. , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  What is a sustainable product? Characteristics of sustainable products include: Made from renewable and responsible materials. Doesn't diminish natural resources. Doesn't directly harm the environment. Produced in an ethical way (no child labor, health/safety concerns, etc.) 12 , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  What is Triple bottom line (TBL)? The triple bottom line is a sustainability framework that measures a business's success in three key areas: profit, people, and the planet. 13 , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  Benefits of turning into Green Save money Win new business Enhance reputation Make you more efficient , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  How to become a Green business? Work from home and reduce travel Adopt flexile work time Recycle and reduce consumption of materials Reduce office space Reduce energy Sustainable sourcing Adopt new technologies E-training and e-learning Web conferencing and meeting Recycle Online marketing , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  Green Entrepreneurship Vs Sustainable Development Goals (SDGs) Goal 6 Clean water Goal 9 Goal 7 Affordable Industry, and clean Innovation & Green/su energy Infrastructure stainable Entrepren eurship Goal 12 Goal 13 Reasonable Climate consumption action and production , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka  Thank you , of Commerce & , University Management, Faculty ofofCommerce Kelaniya –&SriManagement Lanka Studies, University of Kelaniya-Sri Lanka