A new report suggests that chief finance officers need to urgently improve their business energy efficiency in order to meet carbon reduction goals.
A study from Verdantix reveals that rising energy prices, the threat posed by climate change and the increasing risk of energy supply disruption are among the major reasons company heads need to maximise the efficiency of their business energy consumption.
Verdantix points out that the supply gap within the UK energy market is likely to increase the volatility of business gas and electricity prices.
The report suggests that in order to prepare for this, firms need to adopt a "multi-year efficiency strategy", which includes installing measures such as lighting controls and voltage power optimisation that delivers monetary and carbon savings.
Variable speed drives and intelligent HVAC controls are also identified as effective ways in which firms can reduce their energy usage and save money.
In addition, switching energy providers can enable businesses to benefit from cheaper price plans and make essential cost savings.
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