Study reveals that companies are not prepared for a new energy economy

International. Schneider Electric revealed in a study that most organizations feel prepared for a decentralized, decarbonized and digitized future, but many are not taking the necessary steps to integrate and promote / promote their energy and sustainability programs.

Through a statement, the company explained that this false sense of security can be attributed to the finding that most companies still adopt fairly conventional approaches to energy management and climate action. And the gaps in innovation are further complicated by the limited coordination between procurement, operations and sustainability departments, as well as the collection and exchange of inefficient data.

81% of companies have made efficiency upgrades or plans to do so, but 30% or less are considering new energy opportunities such as microgrids and demand response

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According to the survey of almost 240 large corporations (US $ 100 million in revenue or more) from around the world, the 85 percent of respondents said their company will take action over the next three years to maintain their competitive carbon reduction plans with the leaders of the industry. But projects that have started or are in development are strongly inclined towards the conservation of energy, water and waste. Outside of renewable energy, few of the organizations represented are implementing more advanced strategies and technologies to manage energy and emissions.

Data management was cited as another obstacle to integrated energy and carbon management, and 45% of respondents stated that the organization's data are highly decentralized and are managed at the local or regional level.
Key findings include:

- Eighty-one percent of respondents have made energy efficiency updates or plan to do so within the next two years; 75% is working to reduce water consumption and waste.

- Fifty-one percent have completed or plan to follow renewable energy projects.

- Only 30% has implemented or is actively planning to use energy storage, microgrids or combined heat and power, or some combination of these technologies.

- Only 23% has response strategies to demand or plans to do so in the short term.

"We are in the midst of a massive disruption in the way energy is consumed and produced," said Jean-Pascal Tricoire, president and CEO of Schneider Electric. "The almost universal approach to conservation is positive, but being an intelligent consumer is just part of what is needed to survive and thrive." Companies must prepare to be an active participant in energy, put the pieces in place. to produce energy and interact with the network, public services, peers and other new participants, those who do not act now will be left behind. "

A primary barrier to progress may be internal alignment. Sixty-one percent of the respondents said that the energy and sustainability decisions of their organization are not well coordinated among the relevant teams and departments, especially for consumer goods and industrial companies. In addition, the same number of respondents said that the lack of collaboration is a challenge.

Data management was cited as another obstacle to integrated energy and carbon management, and 45% of respondents stated that the organization's data are highly decentralized and are managed at the local or regional level. And of the people who identified "insufficient tools / metrics for data exchange and project evaluation" as a challenge to work in all departments, 65% manages data at the local, regional or national, not global level.

The leader of managed services in the cloud iomart is an example of a company that is adopting an integrated and data-oriented approach. It works to coordinate energy efficiency and environmental management throughout the network of data centers that it owns and operates in the United Kingdom.

"Having data and actionable intelligence is essential," said Neil Johnston, director of technical operations for the group for iomart. "But what happens once the information is available is equally important: our purchasing, energy and sustainability teams compare data and develop shared strategies to manage consumption and emissions, and reduce costs." That collaboration has generated significant savings for the company. business, and has helped us achieve ISO 50001 accreditation and comply with the Carbon Reduction Commitment requirements. "

Research also points to progress in several areas
More than 50% of the companies represented have started renewable energy projects or plan to do so in the next two years, with medical care (64%) and consumer goods (58%) leading the way. In addition, the C-suite and corporate functions have a high degree of participation in these and other programs focused on sustainability. 74% said that members of the C-Suite review or approve renewable energy and sustainability initiatives, for example, indicating that this work is considered a strategic priority.

And while the return on investment (ROI) is the obvious benchmark for energy and sustainability initiatives, companies are beginning to have a broader and more complete vision of investments. For example, more than half of the respondents said that the environmental impact is taken into account in the evaluation process. Organizational risk (39%)) is another important consideration.

The study was conducted by GreenBiz Research to identify how companies develop energy and environmental strategies, collect and share data, and coordinate between departments, a practice known as Active Energy Management. The participants included professionals responsible for energy management and sustainability, from members of the C-suite and the board of directors to individual taxpayers. The companies surveyed represent 11 primary segments, which include consumer goods, energy / public services, finance, industry, health and technology. The results of any sample are subject to variation.

The full report can be seen doing click here.

Source: Schneider Electric.

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