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How to use the triple bottom line for profit and sustainability


commercial composting plans new jersey

Neighborhood Compost connected with Steven Riccardi, Co-owner of The Fiddle Leaf Emporium. His store offers eco-conscious home goods, uniting elegance with nature. But what makes them different from other home goods stores?


You may have heard of the accounting term, The Triple Bottom Line. Businesses use this strategy to gain insight into their social, environmental, and economic impact. But Steven Riccardi and Co-Owner, Alexandra Puleo have taken this tactic one step further.


The Triple Bottom Line: Saving Money Through Eco-Friendly Practices


The Fiddle Leaf Emporium uses The Triple Bottom Line to measure its overall profit, employee satisfaction, and impact on the planet. Steven and his company are able to run a business that practices effective sustainability without sacrificing customer satisfaction or negatively impacting its budget.


And many other New Jersey businesses can use it as a way to increase revenue and reduce employee turnover all while improving eco-friendly practices.


Steven writes,

fiddle leaf emporium

Our journey began with a vision: to transform retail through design, comfort, and eco-consciousness while nurturing community, spurring economic growth, and cultivating environmental prosperity... From indoor plants to thoughtfully crafted home essentials, each item reflects our unwavering dedication to a greener way of life.


Inspired by our collaboration with Neighborhood Compost, we've embarked on composting organic waste, forming a sustainable cycle that benefits our business and the environment. We champion sustainable practices, including waste reduction, avoiding toxic materials, and partnering with fair trade suppliers.


5 Ways To Use The Triple Bottom Line

There are concrete steps you can take to put this idea into practice. Steven let us know the blueprint for The Fiddle Leaf Emporium's success in implementing this money-saving and eco-friendly tactic.


Steven suggests the following:


Set Clear Sustainability Goals

Create transparent targets, tracking progress and accountability. We've set precise goals at The Fiddle Leaf Emporium, such as reducing waste in product development and packaging. Clear goals benefit the environment and enhance brand reputation and efficiency.


Develop Ethical Supplier Partnerships

Align with vendors who share your commitment to sustainability. We exclusively collaborate with ethical and sustainable providers who share our principles of minimal packaging, sustainable materials, and ethical business practices, fostering a sense of community and shared purpose.


Choose Economical Product Packaging

Opt for recycled or repurposed materials to reduce environmental impact and cut costs.


Cut Costs with Waste Reduction

Implement waste reduction and recycling programs to lower disposal costs and divert waste from landfills. Neighborhood Compost can serve as a model for setting waste reduction goals, benefiting both the environment and finances.


Collaborate WITH LOCAL BUSINESSES

Partner with fellow businesses, industry groups, and organizations to amplify sustainable practices. Joint events, donation drives, or simply expressing interest and appreciation can foster a sense of community and mutual support.


Final Thoughts and Next Steps

The best way for any business to grow is to acknowledge opportunities to save. The Triple Bottom Line helps you save money and build a community with like-minded businesses.


By creating clear sustainability goals, cutting costs in packaging and waste, and developing a supportive network, your company can expand its reach without exorbitant costs.


As Steven says,


Together, we have the power to make a meaningful impact on our community while enhancing the sustainability and economic viability of our businesses.


If you'd like to explore commercial composting options for your New Jersey business, Neighborhood Compost can help. Contact us today to learn more!


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