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How Can Businesses Benefit from Being More Energy Efficient?

Businesses can benefit from being more energy efficient. They can reap both internal and external rewards from changing their plans here, and overall keep everyone satisfied and happy whether it’s staff, investors or customers. But what are these perks that, before now, you’ve only heard whispers and rumours about?

Well, here’s how businesses can benefit from being more energy efficient.

A More Marketable Image

Any firm that doesn’t care about its energy usage is likely to face crippling scrutiny today. Whether they’re making huge profits or not, as American CEO and philanthropist Warren Buffet once said, “it takes 20 years to build a reputation and 5 minutes to ruin it”, showing that even one lapse in judgement can be extremely costly. If a business doesn’t go green and doesn’t keep up with the values of the modern world, they’re seen as inferior; it’s that simple!

However, the business that cares about its energy efficiency will gain further favour with their customer base, especially if the quality of their services goes unchanged or is improved. It’s a more marketable image. It shows that they have values beyond just turning a profit, and that they have priorities and a bigger picture perspective in mind. It also proves that the business is a little more human and considerate, instead of a faceless corporate entity willing to trample anything in its path.

Stability and Sustainability

A business that’s not energy efficient can find itself feeling like it’s running on a ticking clock. Natural resources are absolutely being depleted, and everything a firm consumes in this arena cannot be returned. It won’t be tomorrow the energy gets depleted and the environment goes haywire, but eventually, it will happen at some stage if poor energy consumption continues. Essentially, there’s a limit and a cap on how the firm runs.

Alternatively, by being more energy efficient, a company can rest easy knowing that, energy wise, they could feasibly run forever. Solar or wind power; neither of these things will ever run out or cause harm to the environment. It’s one less thing to worry about that won’t run the business into the ground, and when that kind of concern has been alleviated, attention can be directed elsewhere in the business while it almost literally runs itself.

Cutting Costs

Wasted energy is a cause of one thing; excess. Turning lights off when the office is vacated, refilling an ink cartridge instead of disposing of it, firing off emails instead of printing out numerous documents; they’re all small little improvements one can make here. However, collectively they can significantly slash business costs, and overtime can go so far as to radically improve a firm’s prospects.

While sometimes it can absolutely help to get some thoughtful guidance when managing your workplace, it’s sometimes the case that the most effective solutions are the simplest. No business will ever succeed without healthy doses of common sense, and when it comes to energy efficiency, common sense can save a company significant amounts of money.

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Endeavour Magazine

Through showcasing the success stories of the finest companies we seek to inspire other businesses of all sizes and in all industries.