Business Energy Efficiency
Improving the efficiency of energy use as a business is not just about financial savings for your business. It is also about learning to change with the times as technology advances. If you would like to read more information or learn more about the pricing of business energy, you can do so here .
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There is an opportunity to operate a business while using less energy, cleaner energy, and lowering your business’s impact on the environment. As natural disasters seem to become more prevalent and the weather around us seems increasingly volatile, it may be time to consider how you and your company are directly impacting the world we live in now and the world we leave behind. Whether you are interested in business energy efficiency for environmental or financial motivations, there are several reasons to invest in cleaner energy. Below we will discuss why this topic is becoming more popular every day.
Benefits for Businesses
Besides being trendy, energy efficiency for businesses does have some benefits that are well worth looking into and possibly implementing. These range from financial to health benefits and when part of your business can create a well-rounded, happy and efficient environment.
Some of these benefits of energy efficiency include:
Lower operating costs
The higher market value of buildings
Increased sustainability
Better brand image
Health benefits for employees
We will go into these five benefits in more detail in the following sections.
1. Lower Operating Costs
Whether your business is large or small, you can implement solutions and best practices that will help conserve energy and cut operating costs without affecting the performance of your business. This can be done by:
You are benchmarking your current energy consumption and setting a baseline. This will allow you to be able to track progress and quantify savings.
Creating an energy use profile that shows energy use across heating, cooling, lighting systems, etc. This enables you to view the performance of these systems and identify opportunities to save on energy costs.
You are setting short and long-term goals. By designing realistic plans to achieve them, you can embed them into your overall energy management plan.
Putting a measuring and reporting system in place. Tracking operational and cost savings makes planning the next steps much more manageable.
2. Higher Market Value of Buildings
Businesses with higher efficiency buildings usually have higher occupancy rates and an increased asset value over typical buildings. That means your business’ more efficient space could have a higher market value when and if you choose to relocate or sell. More companies are focusing on sustainable solutions. Making improvements to your business’ energy efficiency could be an investment that assures the long-term value of one of your company’s most significant assets, its physical space.
3. Increased Sustainability
The movement to green energy, renewable resources, and companies that care about the future and the environment can significantly impact a company’s sustainability in today’s corporate climate. By implementing policies and investing in business energy efficiency, it is far more likely your business will last and not fall to the wayside as old-fashioned and not up-to-date with the social mood of today. Being tone-deaf to what consumers gravitate towards can lead to financial and public opinion hardships.
4. Better Brand Image
Consumers are paying increased attention to how companies, corporations, and businesses affect the environment positively and negatively. The most eco-friendly companies associated with being more environmentally responsible have more positive responses from both consumers and employees than businesses that aren’t as ecologically responsible. As consumers become more concerned with the environmental impact of the products they use and the companies, they support financially, making your business more green and sustainable becomes more critical.
5. Health Benefits for Employees
Studies have shown that your business can create a warmer and more comfortable environment by increasing building insulation, implementing efficient heating and cooling systems, and switching to efficient lighting and appliances. Energy efficiency in an office building impacts three elements:
Thermal quality – whether the indoor temperature is comfortable and healthy.
Good air quality – minimizes levels of toxins and other gases.
Dampness – can generate and aggravate illnesses and induce allergy and respiratory disease symptoms.
Improving the energy efficiency of your business can be beneficial in many ways, several of them listed above. The world around us has changed drastically, rapidly so since 2020. The impact of energy efficiency and a focus on green is no longer a nice tidbit to add to your company profile. It is a necessity. A business must stay competitive and relevant in today’s markets. By investing in the tools and developing a plan and mindset towards being kinder to the environment, consumers will be much kinder with their wallets. Find out more about business energy efficiency here.
Other useful links about Business Energy
EDF Business Energy
Deemed Rate Energy Contracts
What is an Energy Performance Certificate
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