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Help your business save money as well as the environment

Wrap logoDefra will launch a new campaign today at the WRAP annual conference.  The ‘Saving money – it’s your business’ campaign will show how £6.4 billion could be saved by businesses every year taking simple money-saving steps. 

Environment Secretary Hilary Benn will encourage businesses to recognise the benefits of resource efficiency measures for their bottom line and the environment.

Research by WRAP shows that 47% of businesses recognise they could make savings of over £100k through low and no cost efficiency measures – such as turning off equipment when it’s not being used – with 17% identifying over £1m of potential savings. These measures could contribute towards 10% of the UK’s greenhouse gas emissions reduction targets for 2020 with little or no outlay from businesses.

Hilary Benn said:

“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. 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 new campaign illustrates how simple environmental steps can turn into cost savings and provides practical advice for businesses on how to build resource efficiency into everyday working life.

The campaign includes a new booklet ‘Can you afford not to?’ aimed at encouraging business success in a low carbon economy. The guide provides best practice examples and makes the business case for action including seizing new market opportunities and addressing risks in an economy where resources such as energy, raw materials and water need to be used more effectively.  

Businesses should also check out Defra’s ‘top ten tips for resource efficiency’.

Further information

Page last modified: 04 November 2009
Page published: 04 November 2009