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ISO 50001 Standardization is an international standard that provides a framework for any organization, regardless of size, to manage energy more efficiently using an energy management system.
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Investors are increasingly focusing on sustainability, and they are putting pressure on companies to change accordingly.
When a company looks to grow, it often has to make investments such as hiring more staff or moving into a bigger office, with the hope that the cost of doing so is ultimately less than the benefits these investments provide. Yet many companies overlook an energy investment opportunity that would also improve the bottom line of their business.
Companies are no longer just evaluated based on financial metrics like revenue and balance sheet strength. Instead, investors are increasingly looking at sustainability factors, which ultimately play a role in the company’s performance, considering how events like resource scarcity would hurt certain businesses or how certain sustainability initiatives like better energy management could improve profitability. Sustainable investing is now here to stay for good.
Connecticut energy suppliers and their customers have more in common than one might think. Rather than being in opposition to each other, they can actually both help each other achieve their goals, primarily through the lens of sustainability.
A board of directors’ focus on maximizing shareholder value does not need to be at odds with maximizing sustainability. In fact, pursuing sustainability initiatives can boost value.
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.
In many industries, Big Data and the Internet of Things are still buzzwords (Gartner has IoT at the “Peak of Inflated Expectations” in their latest Hype Cycle analysis). The ability of energy analytics, however, to analyze and integrate large quantities of data from previously disconnected systems is having a transformative impact already. By dissecting and analyzing real-time and historical facility, utility and electricity grid data, energy analytics software (EAS) can identify hidden cost drivers and operational inefficiencies previously invisible to most companies.
For many companies, sustainability used to be a buzzword and low priority on the corporate totem pole. Put simply, those days are over. In a recent Forbes poll, 36% of Fortune 500 CEOs cited sustainability as a top five company priority, with 13% ranking it as their company’s number 1 priority.
The Internet of Things (IoT) — a growing category in which billions of ordinary devices are integrated via the internet — offers significant opportunities for businesses to make smarter, more-informed decisions to improve their bottom lines.