Energy audits: 5 reasons why they will benefit your business
Sustaining a business of any size can be difficult in the best of times.
On the tails of a pandemic, it can be especially stressful and strenuous. This is why now more than ever, businesses should be minimising the costs they can control as much as possible. And, this is where an energy audit can be a powerful tool.
Energy audits highlight areas where energy usage can be reduced by collecting your energy data and analysing factors such as lighting, heating and air conditioning. By uncovering these insights, businesses can become smarter and more efficient.
Why is resource efficiency crucial for a businesses sustainability? For one thing, conserving more energy, water and heat means lower utility bills. Then there is the rise in carbon legislation from the government which will make energy reporting an unavoidable task in the future for most if not all companies.
Still not convinced? Here are some ways regular energy audits can help future-proof your business.
Not only do energy audits save on costs by identifying where energy is being wasted, but they also help towards a greener business model. Without an audit, businesses could be needlessly consuming more energy than they require, wasting money and ratcheting up their emissions.
Businesses will continue to be pushed to be greener as environmentalism takes centre stage in policy making and finance. Conserving energy is one of the most practical ways to reduce your environmental footprint as it also benefits your business in the long and short term.
Reduce energy costs
Improving carbon emissions
You have probably heard the terms ‘net zero’ and ‘carbon neutral’ thrown around a lot recently, but what do they mean for your business?
The UK Government has set a target of reaching net zero by 2050. This has led to a rise in carbon reporting schemes and regulations, as well as a shift in consumer behaviour. It means that reducing your carbon footprint through energy efficiency is an essential step towards thriving in a net zero economy.
Complying with regulations
Understanding your carbon footprint isn’t all about boosting your green reputation in a changing market. Energy and carbon reporting schemes such as SECR and ESOS are mandatory for large companies. But most businesses have to comply with some level of reporting.
To stay compliant with these schemes, and prepare for future legislation, businesses should have regular audits conducted. This transparency and proactiveness helps you stay ahead of the curve and avoid any non-compliance fines.
Mitigating risks is at the forefront of every business’s strategy at the moment, no matter the size or scope. It is crucial for future growth, and provides a level of certainty that is no longer taken for granted.
An energy audit provides transparency and assurance, and enables businesses to take control of their consumption and costs. And because it can also help with compliance and brand reputation, it can also help to secure funding.
Climate-related risks are being taken more seriously amongst investors, and this includes the levels of emissions businesses release. The greener and more efficient a business is, the more likely they are to receive support in the future.