An eco-advisor is a term often used to denote an economic advisor, but this is not always the case as the term can also refer to an ecological advisor. How do both positions differ, what is their function, how do they contribute to the economy and why do you need to hire an eco-advisor? Here are some reasons outlined as to why you need to hire an eco-advisor. Before stating these points, it is important to explain the use of the term ‘eco-advisor’ and state their roles in different organizations.
Economic Advisor (Eco-advisor)
Every business organization aims at maximizing profits and optimizing its growth in revenue. This requires an in-depth understanding of the management of available resources. This level of understanding is best served by an economic advisor.
An economic advisor does more than just understanding the right allocation pattern. To drive optimum results the economic advisor also:
- Conducts research, compile and analyze data with the application of mathematical and statistical techniques to explain economic situations and forecast market trends.
- Interprets economic policies and suggests economic pathways in resolving problems.
- Provides information and demonstrations of the economic implication at the right time and to the right person in a decision making process.
- Motivates the decision makers to adopt sound economic strategies that profit the organization and maximizes returns to shareholders.
Ecological Advisor (Eco-advisor)
Unlike the economic advisors whose role is providing, suggesting and maximizing contributions marginally from an economic standpoint, the ecological advisors take a different standpoint in providing sustainability and maximizing resources.
An ecological advisor is at the forefront of understanding the environmental impact of the operations in an organization. This role provides expert assessment and offers advice related to environmental management to clients.
The role extends to:
- Evaluating recent standards and practices in ensuring the organization complies with environmental laws and regulations.
- Continuously visiting and monitoring sites.
- Compiling and reporting data on environmental contamination.
- Studying and referring solutions to environmental impacts for projects to be embarked on.
- Observing and reporting cases of non-compliance.
- Researches, plans, designs, performs or supervises engineering duties with the aim of preventing, controlling and remediating environmental hazards by applying various engineering disciplines.
WHY YOU NEED AN ECO-ADVISOR
Whether you are in need of an ecological expert or an economic advisor, there are some common benefits your business stands to get. They include:
- Economic sustainability: An eco-advisor ensures that an organization maintains its relevance economically though sound economic strategies or environmental policies.
- Compliance: An eco-advisor ensures a business complies with market trends and make necessary adjustments due to market forecasts. On the ecological side, the role ensures compliance to existing environmental laws and regulations.
- Cost: An eco-advisor saves any organization money. From wise economic policies to prevention of ecological damage, an organization maximizes profits and marginal contributions from the input of an eco-advisor.
- Planning: This is very important to any functioning business organization. To achieve its goals, planning is embarked on; it shows the route at which any business strategy will follow and instrumental to any organization plans is an eco-advisor. The eco-advisor ensures a business plan is economically feasible. From the ecological standpoint, the role ensures any project plan is environmentally sustainable.