How to make your business more efficient?
Published: Wednesday 25th April 2012
It is estimated that 2% of UK business profit for a year may be lost through inefficient use of resources.
Making simple changes in your daily operations will not only save your business money but also contribute to protection of the environment.
In March last year Defra published research looking at the financial savings to business from resource efficiency. "The Further Benefits of Business Resource Efficiency" report highlights the financial and carbon savings opportunities and barriers and opportunities to achieving savings.
Key findings in Defra Report are:
No cost / low cost savings opportunities have been estimated at a total of around £23billion in 2009. Savings opportunities with a payback greater than one year have been estimated at £33billion.
The greatest savings opportunities exist within waste, particularly in waste prevention through lean manufacturing. The most significant four sectors are chemicals/non-metallic minerals, metals manufacturing, power & utilities, and construction.
The carbon benefits achievable from implementing these resource efficiency measures are estimated at 90 MtCO2. This represents around 13% of the UK 's annual greenhouse gas emissions.
What can you do as a business?
You need to identify your opportunities for changes that will bring your business financial savings. In order to do that, carry out a resource efficiency assessment, considering:
- Materials and equipment used
- Energy and water used
- Type and quantity of waste produced
The Business Sustain team can now offer free Resource Efficiency support to small and medium-sized enterprises in Coventry and Warwickshire - please click here for details.