Bartering sites are a great way to continue receiving and contributing value without the need for cash. It has numerous benefits aside from helping your business improve its cash flow, such as increasing your market reach and boosting your networks.
One aspect of bartering that is often overlooked is the way it contributes to sustainability. In today’s world, where we live and operate under such factors as climate change and dwindling natural resources, sustainability is more important than ever before.
A growing number of customers make their purchasing decisions based on how sustainable the company that supplies the product or service is. With that in mind, let us look at the ways bartering can help your business be more sustainable and contribute to a better future for all.
Reducing Landfill Waste
When a business has goods that they no longer want or have any use for, and if those goods cannot be easily sold, they will often simply discard them in a landfill.
However, a barter exchange network might be able to find someone who wants those goods and is willing to trade for them. This not only brings value to both parties but also prevents those unwanted goods from being disposed of in landfills.
A key part of a sustainable future is the idea of the circular economy ‒ where items are reused and even repurposed over and over, thereby extending their useful life significantly. This contributes to less waste being created. It also contributes to fewer resources being required to manufacture new products, which helps preserve our environment.
The repurposing and reusing of products and materials can lead to an overall reduction in consumption. This applies to not only the materials needed to manufacture goods but also the resources required to source those materials. This means less mining or tree felling, for example, to gather raw materials, as well as less fuel being burned to transport goods over long distances.
Bartering is a practice that can support local businesses and bolster the local economy by providing goods and services that are needed by companies short on cash. This keeps livelihoods afloat and preserves people’s jobs, thereby contributing to a more sustainable business environment and a more uplifting and positive society.
Providing Skills and Knowledge
Bartering also commonly includes an exchange of knowledge and skills, which further serves to boost local economies and promote sustainable economic growth. This exchange of knowledge can lead to a more widespread culture and understanding of how to repair and maintain goods rather than discard them, for example, leading to a general adoption of more sustainable practices.
If you want to contribute to a more sustainable world and boost your ESG (Environmental, Social, and Governance) ratings, join the Barter Network today, one of Canada’s leading bartering sites.
Book a free assessment and start trading today!