How Offsetting Benefits your Business
A common question we get from businesses owners interested in offsetting is: How does offsetting benefit my business? Find out below!
Customer Acquisition
7 in 10 consumers go out of their way to support sustainable businesses and 78% of consumers are more conscious about supporting green/sustainable businesses than they were 5 years ago.
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With plans from Replant Eden starting at $15.99 most businesses recoup their offsetting costs, and some, through new customer acquisition or increased retention rates.
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Source: RecyclingPartnership.org
Margins & Revenue
80% of Consumers are willing to pay a 9.7% premium when purchasing from sustainable companies. Demonstrating higher demand for sustainable products.
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Between this inelasticity in demand for sustainable products and consumer's preference for sustainable products, most business sectors can expect an increased ROA of 1-5%. Meaning a business with $100,000 in assets can typically expect a $1,000-$5,000 increase in net income from offsetting.
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Environmental Benefits
Do business with peace of mind knowing that your business is doing its part combatting climate change and supporting sustainable development. Learn more about the types of projects you'll be supporting here.