When we are setting up our business, we often go through our checklist of legal responsibilities such as registering our company with the company’s house, registering with HMRC for taxes such as corporate taxes etc .
One thing we often miss out is that how our business activity is going to affect our environment. Not only should we avoid impacting our environment negatively but also we should have a strategy to actively protect our environment.
If you are self employed running your own business you are not legally required to produce a sustainability report. However, as individuals we have responsibility towards our surroundings and we should act socially responsible on all levels.
Today, due to the pandemic crisis and the surge in the online shopping a lot of business start-ups have emerged which are operating online. We often ted to miss the point that online selling and buying is increasing the carbon emissions being released in our environments.
Research shows that around 65- 75 % of the consumers check the sustainability strategy of the company before buying the product as with the increased awareness more and more people are likely to care about the environment that they live in.
Having sustainable preferences might increase the cost of the product but in the long term this is likely to attract more customers who are looking for ways to protect the planet.
So, If you are selling online you might want to consider the following points to be part of the eco friendly environment.
It is important to be genuinely implementing sustainable policies to help the environment. If you are just advertising it to attract customers and not the policies practically this is known as green washing, and you will be accountable for false claims and misleading information.
If you are thinking of selling online as a business or as self-employed and you are looking for advice from an accountant you can call Taxaccolega at 020 8127 0728, we are shopify accountants and we will help with all the accounting and legal matters.
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