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Whether your business is manufacturing, real estate, retail, healthcare, education or government, controlling and cutting costs is important for success. Reducing energy use and increasing energy efficiency is a proven strategy for cutting and controlling costs with good returns.
Even with good returns, energy waste is still prevalent throughout organizations. Consider that:
Unfortunately, capturing energy waste has been hampered by a lack of focus on energy management. Too often energy management is characterized as:
Organizations that have adopted effective energy management strategies and built successful energy programs have had different results. Consider the following:
The value of strong energy management as a proxy for overall organizational management is increasingly recognized by financial analysts. Recent studies by Innovest Strategic Value Advisors (see below) found that leaders in energy management achieved superior stock and financial performance over laggards in energy management.The difference between the leaders and laggards is significant:
Innovest Strategic Value Advisors Studies
The bottom line — good energy management is good business, and adopting an energy management strategy is a business decision you cannot afford to ignore.