There are real cost and carbon savings if you drive up efficiencies across your energy, fuel and resources. Here are five ways to drive up efficiencies in your business
According to the International Energy Agency, approximately 40% of the emissions reductions required by 2050 to limit global temperature increase to less than 2 degrees centigrade would potentially come from energy efficiency. But, there are a myriad of energy efficiency and renewable technologies to choose from, and costs of installation and maintenance can vary enormously. Keeping up with the Government’s ever changing ‘green’ subsidies regime only adds to a sense of confusion. Still, it pays to get on top of it.
Here are five ways to drive up efficiencies in your business:
- Pick your battles – focus your investment on the carbon-intensive areas of your business first. A simple energy saving audit will identify areas where you’ll get the best return on your investment
- Location, location, location – depending on how many sites you operate from, a sensible approach when investing money in carbon saving activities is to pilot your investment at a single location first. Once you have the results, your can decide whether to roll it out wider
- Invest in proven technologies – it’s tempting to invest in technologies that are marketed as the ‘next best thing’ (or with a ‘great’ pay-back because of Government subsidies, for example), but if they don’t work your investment could end up being a costly mistake. Early adoption can seem like an opportunity to position your business as a sustainable leader, but beware the cost to your bottom line and reputation of taking such risks. Well deployed, proven technology is often the best
- Stay informed – unfortunately, uncertainty is something of a pre-requisite of green investment, so staying informed is advisable. Make sure you are signed up to the latest news and updates from Government sources such as the Department of Energy and Climate Change (DECC) and the Treasury, but also use trusted independent news sources
- Get independent advice – seeking expert advice is always a good idea when making investments of this nature. However, consider taking advice from an independent expert that is not tied to a particular distributor or manufacturer of a product.
To read our case study from Bywaters and for more carbon cutting tips, download our free Practical Guide to Cutting Carbon Emission