Energy efficiency 101

Reduces your energy bills

Simply put, more energy use means more expenses. In the past year, many businesses have also seen significantly higher energy bills due to rising energy costs. By doing things, like upgrading your windows, switching to energy-efficient appliances and turning off the lights after work, you can pay less in energy costs and direct more of your money into your core business activities. 

Funding is available to support your efforts

Federal, provincial and territorial governments offer incentives to organizations looking to make their businesses more energy efficient. There are also a number of programs and incentives offered by energy companies and suppliers, making it easier and more cost-efficient for you to make upgrades.

Increases consumer loyalty

A 2021 Business Development Bank of Canada (BDC) survey of more than 1,000 Canadians found that 34% of consumers consider the environmental impact of their purchasing decisions—and 80% of consumers are willing to pay more to reduce their environmental impact. Reducing your energy usage and switching to clean energy when possible—and letting consumers know about it—can make your business more attractive to buyers. 

Boosts employee engagement and retention

Employees today—particularly, younger people—want to work for companies aligned with their values and will seek out organizations that have commitments in place to reduce their GHG emissions and monitor their energy efficiency.

Opens opportunities for contracts

Whether you’re doing business with organizations in Canada, the U.S. or overseas, larger enterprises are becoming more vocal about their emissions goals and energy targets. As such, they seek suppliers and vendors who have similar goals and commitments. In some cases, they require businesses within their supply chain to report on their emissions and energy usage.