From waste to wealth: Boost sustainability and profit via energy transformation

Energy is everywhere and involves everything. Managing it takes a broad approach examining how energy is sourced, dispersed, and used across an organization. You can enhance resilience against changing energy cost and save money through efficient energy management.

Why energy management matters

People and organizations across the globe are becoming more aware of their energy consumption and how this directly impacts their ecological footprint. Organizations worldwide are now taking proactive measures to streamline efficiencies by strengthening energy management processes. This is particularly crucial for industries where energy expenses represent a significant portion of total costs and organizations having commitments to reduce carbon emissions.

The energy sector, and society in general, faces rapid and fundamental changes. Adaptation to the climate emergency, emerging technologies, digitization, and the growth of 'disrupter' organizations all paint a future of fast and substantial change for the sector.

• Energy efficiency could achieve 40% of the emissions reduction needed for Paris Agreement goals.

• Over 70% of global energy consumers have adopted or bolstered efficiency policies since the energy crisis started.

Energy use is the single largest operating expense in commercial office buildings, representing approximately one-third of typical operating budgets and accounting for almost 20% of the nation’s annual greenhouse gas emissions. ENERGY STAR calculates that a 10 percent decrease in energy use could lead to a 1.5% increase in Net Operating Income (NOI).

Energy management solutions use a single system of record to reduce energy use, cost, time, and the burden of reporting. This allows clients to effectively manage the impact of environmental risks. Energy management solutions not only identify efficiency opportunities but also measure sustainability risks, supporting ESG strategic goals.

Implementing an Energy Management System (EnMS) brings numerous benefits, though there are also challenges. And with these challenges come many factors influencing the need for organizations to make energy consumption more efficient and sustainable.

Here are some key drivers of change that are compelling organizations to adopt a robust EnMS:

1.      Regulatory changes

2.      Technological innovation

3.      Net zero emissions targets

4.      Social pressures

5.      Energy costs and security

Optimizing your organization’s energy performance not only benefits the environment but also enhances stakeholder confidence.

Implementing an EnMS

Energy Management Systems (ISO 50001) play an integral role in helping organizations achieve its sustainability goals and mitigate against climate change. Its structured framework enables you to systematically identify, control, and reduce your energy impact, as well as identify and manage the risks surrounding your future energy supply. It does this by outlining how to implement and maintain an EnMS that continually improves the organization’s energy performance and saves money. 

The broad implementation of ISO 50001 could drive cumulative energy savings of 62 exajoules by 2030, saving over $600 billion in energy costs and avoiding 6,500 Mt of CO2 emissions, equivalent to removing 215 million passenger vehicles from the road.

This voluntary energy management standard helps organizations boost energy productivity and cut costs, with key elements to help you do just that.

Keys to success

·         Gain management support

·         Establish an energy team

·         Identify major energy uses

·         Set energy targets

·         Track energy use

·         Publicize successes

How we can support you

Energy management is a strategic move that drives sustainability, resilience, and profitability. With the right approach, businesses can unlock the full potential of energy use, positioning themselves for a greener, better future.

Decreasing greenhouse gas emissions helps reduce environmental impact and decrease energy use. A holistic approach to managing energy use lowers the overall environmental footprint and mitigates risks.

At BSI, we are committed to sustainability principles and to helping all industry sectors achieve net zero. Our clients trust us to help them overcome their specific energy management challenges, becoming more resilient against energy costs and resource scarcity while embedding sustainability best practices.