Growing a more resilient and sustainable business

With the continuing importance put on sustainability, Print Monthlyhears from Duncan Smith, county director, Production, at Canon UK & Ireland, about the changes he has seen over the last ten years regarding sustainabilty in print and what key drivers people can expect from brands in 2024 and beyond:

Growing a more resilient and sustainable printing business

Over the last ten years, we’ve seen a surge in conversations around sustainability and a drive by businesses to grow more responsibly, in a more circular way. Often accompanied by the question of whether this is possible whilst remaining profitable.

Throughout that time, we have seen a rise in options for leasing, reusing, repairing, refurbishing and recycling existing production equipment which has resulted in positive progress towards circularity. Latest technologies have meant improvements to production processes not only in performance criteria such as speed, productivity, and output quality, but also for example, helping to save resources, lower energy consumption and raw material use - helping print businesses to better service their customers, while operating more efficiently.  Waste management has also become a hot topic with the industry working hard to recycle or dispose of by-products and printed materials in a more responsible way. 

Recent global surveys of consumers and business executives from PwC[1] and Deloitte[2] highlight the same trend: that interest and active participation in sustainability is increasing and, by extension, businesses that are seen to be more sustainable are those that are primed for growth. 

This factor is encouraging businesses to change their investments and operations with the same survey by Deloitte among C-suite executives finding that 75 per cent of respondents have increased their investments in sustainability over the past 12 months.

This shift towards organisations intensifying sustainable practices and explicitly stating their sustainability credentials is mirrored in tender requirements across many European regions. Many tenders are now driven by Environmental, Social and Governance (ESG) criteria meaning that an inability to answer questions related to sustainability will almost certainly start to cost businesses opportunities and potentially impact their reputation.

Key sustainability trends driving organisational change

As we look at 2024 and beyond, it’s important to highlight that there is increasing scrutiny around ESG for smaller businesses, as well as for large corporations which often employ dedicated ESG teams and resources. 

This is driven by a number of factors, one of the most significant being the introduction of more stringent EU regulations to combat ‘greenwashing’ voted into law earlier this year, after which EU member states will have up to 24 months to comply. Under these regulations, companies will face penalties of at least 4 per cent[3] of their annual revenue for making misleading environmental claims.

And if customer expectations of leading sustainable operations have previously fallen on larger corporations, that is no longer the case. The practical implications for SMEs were summarised by Steve Lister, a sustainability consultant for global brands and retailers, in a recent presentation directed at print service providers (PSPs): “There is an increase in start-ups that already boast sustainable practices as part of their make-up. This means that smaller businesses that may have previously been insulated will start seeing increased pressure to prove their sustainability credentials, from a competitive standpoint as well as from governmental and consumer perspectives.”

The good news for print service providers who understand these requirements and have actioned change, is that they are in the perfect position to offer customers sustainable solutions to their campaign briefs. “The majority of the environmental impact is determined in the early design stage. Choices with lower environmental impact might be alternative print materials that offer greater options for repurposing and recycling at end of life, or options that offer a lower carbon footprint at sourcing and manufacturing stages” concluded Steve.

A catalyst for change

There is no one size fits all solution. Understanding the available technological, operational, and material choices and how they respond to diverse customer needs however, is an investment that print businesses could turn to their commercial advantage, not just from a sales perspective, but as an exercise in futureproofing too. 

On one side of the scale, the shift to more sustainable operations and the sharing thereof with customers can be an opportunity for print service providers to develop stronger, more consultative customer relationships and to add value through more considered and creative responses. On the other, it builds business resilience in an ever-changing and challenging commercial landscape, where the trend to sustainable operations can only increase. 

Learn more about Canon’s sustainability efforts here and find out more about Canon’s latest sustainability initiatives at the Canon stand at drupa 2024 (Hall 8a / B41-1 – B418).

[1]2021 Consumer Intelligence Series survey on ESG Survey by PWC

[2] 2023 CxO Sustainability Report by Deloitte

[3]European Parliament Press Release: Greenwashing: how EU firms can validate their green claim