memo to Board of Directors.docx - MEMORANDUM TO: Board of...

MEMORANDUM
TO : Board of Directors
FROM: Chief Analyst
DATE: 9/30/2022
SUBJECT: Evaluation of Sustainable Strategy for the Restaurant
When considering a sustainable strategy for a restaurant, it is essential to think about the
financial, environmental, and social outcomes of such a strategy. This memo will discuss the
possible positive and negative results of a sustainable design for our restaurant chain.
Financial Outcomes
Potential positive and negative financial outcomes are associated with a sustainable strategy for
our restaurant chain. On the positive side, sustainability initiatives can help to reduce operating
costs by increasing energy efficiency and reducing waste ( Higgins-Desbiolles et al., 2019). This
can be achieved by installing energy-efficient equipment, using recycled and sustainable building
materials, and implementing waste reduction practices. In addition, a sustainable strategy can
also help to boost revenue by attracting customers who are interested in supporting businesses
with sustainable practices.
However, some potential negative financial devisees are also associated with a sustainable
strategy. For example, sustainability initiatives can be expensive, and some initial costs may be
related to changing our restaurant properties ( Shim et al., 2021). A clear example is the costs