In a world increasingly focused on sustainability, businesses are recognising the need to prioritise eco-friendly practices not just for the planet’s sake, but for their own profitability as well.
87% of business leaders are planning to increase their organisation’s investment in sustainability over the next two years, according to a Gartner survey. But how exactly can sustainability be integrated into manufacturing processes in a way that is both environmentally friendly and financially beneficial?
Enter Hugo Spowers, founder of Riversimple, a company pioneering the way forward in sustainable transportation. At the upcoming Manufacturers’ Alliance annual conference, Spowers will share his insights gained from years of experience in the industry, shedding light on how to effectively prioritise sustainability and bottom-line success.
Founding a company with a difference
Spowers’ journey is a fascinating one, beginning with a background in designing racing cars and culminating in the establishment of Riversimple, a company dedicated to revolutionising the automotive industry through sustainable practices. His focus on hydrogen cars represents a cutting-edge approach to reducing carbon emissions and combating climate change.
Bringing hydrogen cars to market when other businesses are focusing on electric vehicles
During his presentation, Spowers will delve into the strategic initiatives necessary to bring hydrogen cars to market. This includes not only technological advancements but also a shift in mindset towards what Riversimple terms the ‘usership’ model. This innovative approach challenges the traditional notion of car ownership, instead emphasising access to mobility as a service rather than the possession of a vehicle.
The usership model
By embracing the usership model, Riversimple has been able to turn sustainability into a source of profit. This model eliminates economic barriers to introducing zero-emission cars, making them more accessible to consumers while simultaneously reducing the carbon footprint associated with transportation.
The key takeaway from Spowers’ insights is clear: sustainability and profitability are not mutually exclusive. By adopting innovative approaches and rethinking traditional business models, companies can align their environmental goals with their bottom line. Through initiatives like the usership model pioneered by Riversimple, businesses can pave the way towards a more sustainable—and profitable—future.
Be inspired at the Manufacturers’ Alliance Annual conference
As manufacturing leaders navigate the complexities of sustainability in today’s business landscape, the lessons learned from pioneers like Hugo Spowers serve as a guiding light. Join over 150 manufacturers in Bolton 15th May as we explore how inspiring business leaders are planning their long term strategy.
