Business in the UK could save over £6bn by implementing some simple money saving steps, according to new data released by the Department for Environment, Food & Rural Affairs (Defra).
By managing their resources more efficiently small businesses could save over £100,000 a year and cut their greenhouse gas emissions, according to the govenrment agency.
"Businesses are facing challenging times, today more so than ever, so finding ways to save money makes a lot of sense. There are opportunities here in the UK too in the low carbon and environmental goods and services, where we currently have just over three percent of the global market," said Environment Secretary Hilary Benn.
"This will grow as consumers become increasingly environmentally aware and companies realise that waste is just a resource in another form. Sustainability is the key not only to the environment but to business success. Now is the time to shape our businesses of the future."
Defra's top tips on resource efficiency:
1. Turn off all office equipment when you're not using it - overnight, at weekends and during bank holidays. Savings on just a single computer and monitor could be up to £35 a year.
2. Cut lighting costs by as much as 15% by turning off lights in empty rooms and using energy efficient light bulbs.
3. A constantly dripping tap can cost your business about £400 per year. Make sure you turn off taps fully and fix any drips.
4. Save 4% of your turnover with waste management techniques, such as partnering with businesses to recycle waste or selling it to be used as raw materials.
5. Save 8% on your company's heating bill by turning the thermostat down by one degree.
6. Ask your suppliers about take-back schemes for unused products. You may be able to get your money back, or at least a portion of the cost.
7. Save up to one month's worth of fuel over a year with smarter driving techniques such as reducing load and good vehicle maintenance.
8. Invest in efficient equipment to help cut your energy, transport and water costs. Government support includes interest-free Energy Efficiency Loans delivered through the Carbon Trust.
9. To refill an inkjet cartridge costs about the half the price of a new one. Use email where possible, set out your PC to print double-sided and refill printer, fax and photocopier cartridges.
10. Always publicise your commitment to reducing your environmental impact. More than a third of consumers would favour recyclable products or those with minimal packaging.
For more information visit www.defra.gov.uk
