Business Design

The Link Between Energy Efficient Industries And Profitability

Today industries consume more than one-third of the world’s energy usage. This constitutes for more than any other sector. It is obvious then that this resource this getting stretched to the maximum making it an expensive resource. The demand keeps increasing and since the supply cannot drastically change overnight, the cost to the industries keeps getting higher.

It is for this reason that industries are looking to conserve the energy while being willing to explore alternate energy resources.

Productivity is deeply interlinked with efficiency because as the industries conserve and use energy more efficiently, productivity is better leading to better results for the company.

So, how can industries save energy?

  • Programs and initiatives: There are various programs initiated by the country’s governing bodies which promote energy savings. These could be through programs to educate small industries to move to machines or technology that will lower gas emissions or provide monetary help for industries that want to adopt measures which will provide energy savings
  • Energy Management Systems: There are several practices and measures that can be adopted as part of an energy management system that will help industries to improve their efficiency. Where industries are unable to do so on their own, there are other businesses who can provide such services for a fee. The expenditure will be worthwhile as these will be converted into savings in the long-term.
  • Transparency and disclosure: Many companies realize the importance of being transparent and disclosing their energy consumptions and the compliance. This is a strategic move which improves the image of the company. Not only do they come across as an industry that cares about the climate, investors and people want to be associated with such society conscious companies. So, by announcing and showing their commitment to conserving energy, companies are improving their productivity and indirectly the profitability.