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Looking to Create a Sustainable Business? Follow These Steps to Be a Good Corporate Neighbor

Photo credit: www.entrepreneur.com

In the rapidly evolving data center industry, environmental and community engagement initiatives are becoming integral to corporate strategies. Recently, my organization initiated a collaboration with a nonprofit to rehabilitate areas affected by wildfires adjacent to our facilities. Additionally, we are partnering with a foundation to establish orchards across various U.S. locations, aiming to supply fresh fruit to local food banks.

While these actions foster a sense of corporate responsibility, they also represent sound business logic.

For firms in our field, cultivating positive community relations is essential. It’s not merely a check-off on a corporate responsibility list; rather, it’s a fundamental aspect of establishing and maintaining operational success. Nurturing these relationships allows data center providers to integrate more seamlessly into local areas, attract skilled workers, and safeguard significant long-term investments. Given the typical lifespan of our facilities ranges from 30 to 40 years, fostering longevity in the community is paramount.

This enduring presence heightens the significance of forming valuable connections with local stakeholders, often yielding returns that exceed initial investments. Notably, firms that engage in corporate social responsibility have the potential to enhance their market value by as much as 6% and boost revenues by nearly 20%.

Characteristics of a Good Neighbor

A good neighbor is one that keeps their property in order and is considerate of those around them. These principles are equally applicable to businesses striving to be exemplary corporate citizens.

In the past decade, we have established our presence in nearly 20 communities. Our commitment extends beyond offering competitive jobs; we aim to foster respect within those communities.

One crucial aspect is ensuring that our facilities enhance the surrounding area instead of detracting from it. Many of our sites are redevelopments of previously contaminated brownfield locations that we restore in line with our sustainability promises. These campuses are designed to be visually appealing and environmentally friendly, maintaining a low noise footprint.

Even during renovations or relocations, factors such as noise and visual aesthetics can greatly influence nearby residents.

The Power of Listening

Active listening is a powerful tool for fostering positive community relations. Instead of assuming we know what the community needs, our approach involves reaching out to understand their priorities. Companies like ours often dedicate specific teams to engage stakeholders and assess the most beneficial outcomes.

Following through on community insights is crucial. Our experience shows that local residents typically have modest requests. For instance, when community members express a desire for more green spaces, we may modify our landscaping to include park-like areas.

Building Local Partnerships

Finding synergies with non-profit organizations that reflect our corporate values is another approach to being a supportive neighbor. Research indicates a strong desire among consumers and employees for corporate community involvement. Nearly 90% of Americans believe businesses should take a stand on social and environmental issues. Similarly, a comparable percentage of employees believe companies that advocate for volunteerism offer superior work environments.

Encouraging employees to volunteer for causes they care about can be a strong motivator. For example, Atlassian provides its workforce with five days of paid volunteer leave each year, while Nike channels efforts through its Community Impact Fund, allowing local groups to apply for grants, with staff members facilitating the evaluations.

At our data centers, we prioritize contributing to the community at least once each quarter, which may involve initiatives like planting gardens to support local wildlife or collaborating with local schools to host events benefiting underserved families.

Although larger corporations may have more resources at their disposal, smaller enterprises can also create significant community impact; around 75% of small businesses report offering employees opportunities for volunteering and community service.

Importance of Educational Partnerships

Forming partnerships with educational institutions can generate substantial benefits, both by establishing vital talent pipelines and by expanding students’ career perspectives.

We recently witnessed the value of such collaborations by partnering with local high school staff to support vocational training programs and joining forces with foundations to present career opportunities in the data center sector.

The Long-Term Value of Being a Good Neighbor

When a company demonstrates its commitment to working collaboratively with the community, it can lead to remarkable results.

A significant benefit of becoming a trusted community member is the ease of attracting and retaining employees. Most people prefer to work for businesses actively engaged in their communities. Employees often feel a sense of pride in being part of a socially responsible company, which in turn fosters loyalty. Research indicates that 60% of workers cite company purpose as a major reason for their continued employment, while staff at purpose-driven organizations are significantly more likely to recommend their employer.

This creates a positive feedback loop: satisfied employees and reduced turnover translate to improved customer service, which enhances shareholder value and bolsters local tax revenues. For our operations, this ethos paves the way for continued growth and innovation in the community.

Furthermore, organizations with a stable presence often invoke a ripple effect in their local economies. The arrival of companies like Starbucks or Whole Foods can revitalize surrounding areas, leading to the emergence of new local businesses and jobs, along with increased tax contributions.

The economic implications of our industry are significant; data centers contribute to a substantial number of jobs, supporting over six additional roles for every direct position created in the U.S. In places like Virginia, the impact of data centers on employment surged by 32% from 2017 to 2021, translating to approximately 86,000 jobs.

Moreover, socially conscious clients are inclined to work with businesses that engage positively with their communities. Research shows that nearly 80% of consumers prefer doing business with companies committed to social betterment.

Although the direct financial benefits of being a good neighbor may not be immediately apparent, neglecting community relationships can lead to significant consequences, including loss of time, capital, talent, and customer loyalty. Conversely, investing in community engagement lays the groundwork for a sustainable, thriving enterprise.

In conclusion, while fostering a workplace culture that promotes goodwill is essential, the ultimate reward for being a conscientious neighbor extends far beyond immediate gains—it’s about cultivating a lasting business legacy that mirrors the longevity of the trees we aspire to plant.

Source
www.entrepreneur.com

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