In the summer, most finance chiefs look forward to the company’s electric bill the way men over fifty look forward to their annual prostate exams.
And while air conditioning is probably the first thing that comes to mind when it comes to sky-high electricity bills, keep this in mind: Lighting makes up at least 30% of companies’ average energy costs.
Good news: One simple move — no major changes or “green” initiatives required — can go a long way toward reducing your total energy costs.
The move: adopting a company-wide “light-out policy.” With this, companies keep their lights off throughout the building(s), and employees turn them on only when light is needed.
If you’re not doing this already, it’s worth a shot — one study states that companies using this tactic can enjoy up to 46% in energy savings.
With savings like those, any CFO can enjoy the benefits of a comfortably air-conditioned office.