Studies carried out by Oxford Economics and Cognizant Research determined that businesses in the United Kingdom are planning to increase what they spend on sustainability by 13% annually between next year and 2030. This comes as more companies work to offset and cut emissions, decrease use of paper, adopt EV schemes and improve traceability in their supply chains.
While these initiatives are helping drive positive change for the environment and society as a whole, what isn’t clear is whether companies are also working to minimize the use and wastage of water to boost their environmental, social and governance (“ESG”) efforts.
In addition to some areas in the U.K. dealing with water shortages, other areas are seeing the effect of these shortages via the drought measures that have been implemented in the last couple of years.
Just as with most things, we need effort and energy to extract water as well as to heat, treat, distribute and reheat it, which contributes to annual greenhouse-gas emissions. To help track any changes made to water consumption, both small and large businesses can use automatic meter readers to achieve huge environmental and financial savings.
In addition to detecting leaks, data from these automatic readers can help inform strategies to conserve water in the long-term by identifying behavioral patterns, equipment, and inefficient processes that contribute to excessive water consumption. This insight allows for targeted interventions like user awareness campaigns, process improvements, and upgrades to equipment to help improve overall water efficiency and cut back on waste.
It is important to note that not only large businesses can benefit from this approach. By understanding how water is consumed through regular maintenance checks, small to medium-sized businesses can also pinpoint leaks before the leaks become bigger and reduce costs through the use of inexpensive and simple interventions to improve water efficiency.
By tapping into the power of automatic meter readers, installing technologies to save water, and data analytics, businesses may record significant cost savings while showing their commitment to contributing to national zero targets and decreasing their environmental impact.
This is a huge step in the right direction, especially if one considers that all of us have a role to play in dealing with our current climate emergency.
Understanding and decreasing the use of water is an important part of any environmental strategy of a company. Companies that haven’t already done so are encouraged to consider the effect their water use could have on both sustainable business goals and a company’s bottom line.
Looking for ways to optimize water use is something that entities such as Coyuchi Inc. will see immediate bottom-line benefits in, and it would also supercharge their efforts to entrench various components of ESG in their operations.
NOTE TO INVESTORS: The latest news and updates relating to Coyuchi Inc. are available in the company’s newsroom at https://ibn.fm/COYU
About ESGWireNews
ESGWireNews (“ESG”) is a specialized communications platform with a focus on the Environmental, Social and Governance (ESG) sector and public companies committed to sustainable corporate practices. ESGWireNews is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, ESG is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, ESG brings its clients unparalleled recognition and brand awareness. ESG is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from ESGWireNews, text “ESG” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.ESGWireNews.com
Please see full terms of use and disclaimers on the ESGWireNews website applicable to all content provided by ESG, wherever published or re-published: https://www.ESGWireNews.com/Disclaimer
ESGWireNews
Los Angeles, CA
www.ESGWireNews.com
310.299.1717 Office
Editor@ESGWireNews.com
ESGWireNews is powered by IBN
