Almost 1 in 6 Don’t Know Firm’s Energy Spend

A recent survey of those responsible for energy management within their organisation has revealed that 16% do not know their firm’s energy spend. With 82% of respondents naming energy cost as the largest threat to operations, the headline findings are all the more surprising.

The research, carried out over two years by Europe’s biggest environmental website, edie.net and Sustainable Business publication, surveyed 406 individuals responsible for energy management within their organisation.

The report highlighted that in addition to being the largest threat to operations, energy cost is also the main driver of energy-related decisions.

With organisations striving to increase energy efficiency throughout their operations, the percentage of respondents unaware of their energy spend may seem high, however, it is significantly lower than the 29% who were surveyed in 2012.

Important for numerous reasons – in addition to receiving tax breaks and reducing energy costs – energy efficiency can enhance an organisation’s reputation, improve CSR credentials, and help ensure compliance with energy regulations. Using ISO 14001 can provide assurance that environmental impact is being measured and improved.

For those looking to improve their energy efficiency, help is at hand through the RiskWise Environmental Management module, which assists organisations in monitoring and reducing energy and water consumption. RiskWise also enables users to benchmark emissions and waste management data to improve environmental performance. Annual energy usage reduction targets can be set against anything from an individual property right up to large property portfolios, enabling users to identify trends and opportunities for continued performance improvement.

If you would like specific advice or assistance on any of the issues detailed above, please contact our team of specialist environmental consultants. Our expert team carry out energy audits on buildings, identifying opportunities for cost savings through energy efficiency improvements. We also provide environmental assessments, which identify areas where a building is non-compliant with current legislation or environmental standards; these can also be used to identify efficiency gains and, therefore, reduce costs.

Our expert teams also assist clients in implementing environmental management systems, carry out waste management assessments, and provide environmental consultancy. To learn more about using RiskWise to monitor and manage environmental impacts, visit our RiskWise website.