Firms slash energy usage by 19% with hybrid workspaces
Those who reduced office space by 26%-50% saw a significant reduction.
Implementing a hybrid working setup proved to be effective in reducing energy usage.
Data from IWG showed that Hong Kong companies which replaced large city offices with small and more efficient spaces reduced their energy usage by 19%.
Four in 10 (44%) of companies which reported lower energy usage reduced their traditional office space by a quarter, whilst 19% slashed office space by 26%-50%.
Hybrid working has not only reduced overall energy usage for the majority (84%) but also their carbon footprint.
Meanwhile, 79% of businesses said they plan to look into other ways to reduce energy consumption, such as downsizing existing office spaces or facilitating access to flexible workspaces.
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