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Employee engagement is not just an HR buzzword. Instead, it is a key component to a company’s overall success, as it correlates with a variety of benefits such as less employee turnover, better customer retention and increased productivity — all of which feeds into higher profitability.
While the environmental and financial benefits of energy management are well-known, most commercial real estate owners and managers do not see energy management technologies as a way to improve tenant relationships.
Investors are increasingly scrutinizing corporate sustainability efforts, both in terms of overall practices and shareholder disclosure. Companies that want to satisfy existing investors and attract new ones to create demand can often do so by acting in a more sustainable manner, such as reducing greenhouse gas (GHG) emissions. Doing so not only placates investors, but it also helps improve performance
While implementing technology changes such as using energy analytics software (EAS), building automation systems, energy-efficient equipment or any combination of these certainly helps to save energy, a company’s employees and customers play a large role in how energy is consumed. So, by making energy savings part of your corporate culture, you can maximize the results, because people, processes and technology will be unified toward achieving this goal.
Software-as-a-Service (SaaS), meaning software that is provided as a subscription and hosted remotely, continues to grow and replace the old model of companies having to host applications themselves while often paying a large upfront licensing fee. From 2015-2020, Cisco projects that SaaS will attain a compound annual growth rate of 30%.
This summer, Connecticut gasoline prices could reach $3.50 per gallon, more than a dollar higher than current prices, according to a forecast from GasBuddy.com as reported in the New Haven Register.
In order to find relief from high energy rates, improve sustainability and decrease the risk of power outages, Connecticut businesses can look to microgrids, which are a growing trend throughout the state.
Connecticut’s economy has struggled over the last several years as job growth has lagged the national average, including when compared to its New England peers. On top of this struggle, Connecticut also faces a projected budget deficit of $3.6 billion over the 2018 and 2019 fiscal years.
With Connecticut facing a projected budget deficit of $3.6 billion over the 2018 and 2019 fiscal years, the state needs to make adjustments to close the gap. As such, Governor Dannel Malloy has proposed a budget for those two years to eliminate the deficit, primarily through spending cuts.
As featured in CBIA’s economy news section: https://www.cbia.com/news/economy/tech-limits-high-energy-costs/
Connecticut has some of the highest energy costs in the nation, particularly for electricity. As of October 2016, commercial electricity cost 15.93 cents per kilowatt hour (kWh) in Connecticut, which is more than any other state, excluding Hawaii and Alaska, based on data from the U.S. Energy Information Administration.