Rocketing prices have made tackling energy, water and fuel use more attractive than ever. Taking action will reduce business costs as well as emissions.
Here’s how you can save money for your business by cutting energy, water and fuel use.
1. Reduce the impact of rising energy costs
Government research has found the average SME could reduce its energy bill by up to 25% by installing energy efficiency measures and helping staff change their behaviour.
Easy no-cost actions include turning off equipment when it’s not in use, and making sure heating and air conditioning are only used when needed. Switching energy supplier creates savings too. Upgrading to more modern lighting and boilers has an initial cost, but brings benefits in the long run.
Friendly reminders to staff can also reduce your bills. And these can also help employees think pro-actively about energy use when they are making buying decisions, designing new products, or tackling maintenance issues.
Many of the steps above – such as carrying out an audit, investing in modern technology and reminding staff to take action – all apply to tackling water waste too.
Research from Southern Water found a single dripping tap can waste 5,500 litres a year, while the cost of leaks from a single toilet can be up to £500.
Action
Explore this advice from regulator Ofwat on how to reduce costs – including how you might be eligible for rebates from your supplier.
3. Lower your travel costs
Supporting remote working is one way to cut travel costs – watch this two-minute video to see the benefits and challenges of helping employees work remotely.
Another potential saving comes from investing in electric vehicles. If you’re considering equipping your business with one or more electric vehicles, free guidance and tools from the Energy Saving Trust can help – including a quick calculator that shows whether an electric van is the right choice.