Five steps to future-proof your business
The green recovery continues to gain momentum, and with a second UK lockdown came a fresh wave of global climate strikes. As environmental conscientiousness grows, businesses that want to survive the transition to a low carbon economy must also learn to adapt. We’ve looked at 5 ways you can future-proof your business, increase efficiency and improve your bottom line.
14 December 2020
Remote working exploded in 2020. 69% of British adults now work from home in some capacity and 68% expecting to continue in future.
Many businesses are being forced to re-evaluate operations and discovering rent and utilities for office space might now be unnecessary.
With some adaptation, working from home presents an unprecedented opportunity for savings. Global Workplace Analytics found that, among 4,000 studies, 36% of employees would prefer working from home instead of a pay rise. IBM has already embraced remote working and saved $50m on its real estate costs.
Imagine halving or quartering your rent and utility bills overnight. Now imagine what effect that could have on your carbon footprint. The best part is that it benefits employees in many ways too. Whether that be time and money saved on their commute or a better work/life balance. These factors make it a much softer sell should you decide to make it widespread practice.
Going paper free
As the digital space expands, and cybersecurity improves, the role of paper in the workplace is becoming more redundant than ever. Is it time to consider binning it altogether?
Email has been the mainstay of workplace correspondence for over a decade and now new players like Microsoft Teams, Slack, and Zoom are entering the fray. The remote working revolution has increased general proficiency with eCommunications technology to the point of normalising a paperless office.
Benefits include a reduction in your carbon footprint, supply costs and even utility bills (when printing and shredding are taken into account). These might seem insignificant but shockingly, the average worker uses 10,000 sheets of paper per year according to a 2018 study.
Slash your energy bills
Dramatic change might be the flavour of the week, but looking at small adjustments can be just as effective.
Taking a look at your electric and gas consumption allows you to pinpoint areas of high usage and possible savings. Heating and lighting rank highly among building costs. Lighting makes up around 16% of your electricity bill while heating accounts for 40% of non-electricity bills.
Smart meters, building insulation, double glazing, and converting to LED lighting are all ways to improve your business’ energy efficiency.
An increasing number of firms are looking at on-site renewable energy generation from solar panels as a means to offset rising energy prices with installations continuing to increase year on year.
Moreover, alongside actively reducing your energy needs and bills, a suite of panels acts as a visual advertisement to would-be customers of your commitment to net zero.
Look to green grants
Thanks to the government’s green new deal, the market is now awash with green initiatives and grants to support businesses in becoming more eco-friendly.
The Carbon Trust is offering a Green Business Fund to SMEs that can aid efficiency initiatives in the workplace. Another example is the Enhanced Capital Allowance scheme – providing tax relief for energy saving equipment purchases.
The tips we’ve offered will go a long way to helping you meet the criteria of many green grants now available. These should be considered as a spring-board into more comprehensive sustainable development.
With over 20 years’ experience, our utility specialists can assist in reducing your energy consumption. Which, in turn, reduces bills and the impact on the environment. Helping you get the most from other sustainability practices you adopt.
Get in touch to start your journey to future-proof your business for the new green economy.