Economically sound practices are set to shape the way that businesses operate in 2021 and beyond. With an increasing focus on green initiatives as well as generous government incentives for businesses that abide by these principles, there will be an increased emphasis on sustainable practices from small and large companies alike in 2021.
As the threat of COVID-19 regresses (somewhat), businesses and policymakers are looking at ways to renew green initiatives and keep companies heading in the right direction (in spite of serious distraction).
An Increase of Green Collar Workers
While many governments fell short of their green initiatives for 2020 when that money was redirected into COVID-19 relief, there is a new emphasis on getting back on track for 2021. Singapore remains one of the leaders in the field of sustainability and look set to continue this trend for 2021 with an extensive urban greenery plan that includes remodelling public spaces, creating urban green spaces, and implementing new recycling initiatives.
In Australia, the same set looks to be developing. Away Today Northern Beaches reported a stark increase in the number of local businesses and individuals that were looking for green ways to dispose of waste in 2020. This trend is only set to grow in 2021.
Increased Climate Awareness
In 2021, China pledged more than $1-trillion to a carbon neutral initiative that would see them become completely carbon neutral by 2060. For a country that ranks lowly on world figures for green initiatives, the move was seen as a massive step in the right direction for the manufacturing and industry powerhouse.
Work from Home will Stay
It was the trend that truly defined changing workplaces in 2020 – working from home. As the coronavirus pandemic forced many businesses to adopt flexible and remote working initiatives, we expect to see this trend continue in 2021 as many companies adopt a permanent working from home and flexible working structure.
Many offices will be converted to other usages in the coming years as governments seek to address housing shortages in dense population areas by repurposing the office blocks that will now be significantly emptier than ever before.