Most organizations across the world today want to be seen as environmentally responsible. They want to employ environment-friendly processes and reduce their carbon footprints. However, this might not be easy when the practical methods of conducting business come into play.
There is no denying that making the switch to renewable energy sources or employing the best energy management systems comes with multiple environmental benefits. Companies looking to optimize their operations and reduce overhead costs must look at these technologies closely.
A steady and high-quality power resource is imperative for the smooth running of operations for all kinds of businesses. Organizations from various business sectors are making efforts to implement an energy management system (EMS) into their day-to-day business processes to ensure a reliable and continuous source of energy.
The Top 5 Energy Efficiency Benefits for Businesses in 2021
- Improves the reputation of your brand
- Helps create better work conditions for employees
- Helps reduce cost
- Reduces risks associated with price volatility
- Demonstrates stewardship of the planet
Before we elaborate on these benefits, let us first understand energy management in detail and what steps you must take to make it a part of your business operation process.
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What Is Energy Management?
Energy management involves monitoring, controlling, and conserving energy within an organization. The processes can be implemented in a specific area of business operation or to the entire organization. It involves the following steps:
- Tracking and monitoring energy consumption within an organization and collecting and collating the data
- Looking for energy-saving opportunities and estimating the amount of energy that these opportunities can save for your business
- Keeping a close watch on the data to detect and quantify energy waste
- Investigating all energy savings resources and finding out how they can be improved, such as replacing energy-guzzling fittings, upgrading insulation, introducing automated shutdown of power systems when not needed, and so on
- Replacing or upgrading inefficient equipment
- Tracking your progress through your data to measure the results of your energy-saving efforts
The Challenges in Implementing EMS
Business managers may feel that incorporating an efficient EMS is an enormous challenge. There are many reasons for this.
- It is not a plug-in system that can deliver overnight results. When you do it right, it may take a few months or even years to get a return on investment.
- It takes a lot of convincing for every department to change their established processes and embrace energy-efficient setups.
Now that you understand what energy management is all about, and know about the challenges associated with its implementation, let us take a deep dive into the benefits of incorporating EMS into your business processes.
Improving the Reputation of Your Brand
With the world becoming more environmentally conscious and appreciating every effort to reduce energy consumption, your business associates and customers will applaud your energy-efficient moves. This can help enhance your brand’s reputation, which in turn can do wonders for your business performance. A robust energy efficiency strategy has the potential to improve relationships with customers, suppliers, and other stakeholders.
Helping Create Better Working Conditions for Employees
Most employees love to remain in their comfort zones. In the past, the concept of energy efficiency was seen as a threat. However, there has been a significant change in the mindsets of employees in recent years. Organizations have been able to impress upon their employees that energy efficiency can actually improve their comfort levels, create better working conditions, and improve their performance and well-being in the long term. Apart from keeping your existing employees happy and productive, your business’s energy efficiency strategy can also boost your ability to attract new talent.
Helping Reduce Cost
Improving the energy management processes of your business and making them more efficient can save you money. Until now, energy was seen by businesses as an expense that could not be controlled. However, with the heightened awareness about energy conservation and responsible usage, companies are beginning to realize that energy usage can be controlled. The amount of energy your organization uses can have a direct impact on your finances.
With the prices of electricity and other utilities on the rise, it is important to find ways to save money on energy costs. Adopting greener practices is a simple way to become more energy efficient, reduce carbon emissions, and save your business money.
There will be some significant initial costs involved, but in the long term, you will be able to monitor and reduce energy consumption. This can save your business a tidy sum every year.
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Reducing Risks Associated with Price Volatility
Global energy prices have become extremely volatile in recent years. Experts expect this trend to continue with the growing demand for more energy as the global population continues to increase.
One of the best ways to insulate your business from the effects of fluctuating energy prices is to implement EMS measures such as generating your own energy on site. Although this is the best-case scenario, for many reasons, this might not be possible for all organizations. Therefore, the next best way of reducing the risks associated with price volatility is to introduce energy-efficient processes in every potential area of your business. You can use the services of a proficient ecommerce development company to help you build an EMS system and achieve your EMS goals minus the risks.
Making You a Steward of the Planet
There is increased awareness about climate change globally. Increased energy consumption by humans is the major cause of greenhouse gas emissions, the predominant climate change trigger. Although there is more pressure on individuals and households to be more efficient with their energy use, businesses account for a large percentage of the adverse impact on the environment. That’s why all-out efforts must be made to reduce your energy usage and lower your organization’s carbon footprint. This case study for an Energy Management Software reveals how an ecommerce enterprise made its operations energy efficient despite having to deal with multiple challenges. They got three Renewable Energy Certificates for their efforts, which they can now proudly flaunt to their customers.
A good EMS can not only benefit your business but also establish your organization’s reputation as a responsible business entity and a steward of planet Earth.
Still More Benefits
There are other benefits of implementing EMS within your organization. As you achieve better productivity, you can achieve a competitive edge through process optimization and efficient load planning. Improved productivity also allows you to catch up and steer ahead of your competitors through continuous process improvement. By using the latest EMS, you can calibrate your equipment for the best energy-saving practices. A smarter EMS will automatically translate into more efficiency, improved production, and greater profits.
Business energy efficiency can be a challenge with the level of difficulty in its implementation directly proportional to the size of an organization and the complexity of its business processes. However, the benefits for a company that goes ahead with its EMS plan can outweigh the difficulties. Obviously, less energy consumption can reduce your business energy costs, but an effective energy efficiency strategy can help your business in many other areas.
With governments worldwide setting carbon reduction targets and the introduction of stricter energy use regulations looking more likely than ever before, there is no better time to start improving your business’s energy efficiency.