How it Can Benefit Your Company
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.
Spend Money to Save Money
While energy investments can lead to revenue growth by improving sustainability to attract more customers, the most direct path to improving financial position is by reducing operating costs. For example, investing in LED light bulbs or upgrading mechanical equipment will certainly lower energy costs, but businesses have a difficult time accurately evaluating whether or not an energy investment opportunity would be the most advantageous for the business. Businesses can use energy analytics software (EAS) to run this cost/benefit analysis and easily determine the expected savings.
Reduce Risk
Companies are increasingly facing energy-related regulation, which differs widely throughout the U.S. Boulder, Colorado, for instance, has its own tax based on how much electricity local businesses use, while New York City has a law requiring certain businesses to keep their doors closed when running an air conditioner. With such varied laws, businesses, particularly those with offices in multiple locations, need to invest in an energy strategy that ensures they have the technology and processes in place to comply with regulation and limit taxes. Plus, investing in energy now puts companies ahead of the curve as more regulation comes to fruition.
Even in the absence of regulation, energy investments reduce the risk of a company damaging their image. As consumers increasingly factor in sustainability to their buying decisions, businesses that are found to have a large carbon footprint risk losing customer support.
Get More Competitive
Improving sustainability through business energy investments can also win over more customers and other stakeholders like employees, who want to be a part of a company that has a mission beyond profits.
Additionally, certain energy investments like Energy Analytics Software can help companies become more data-driven, which can help them become more competitive in areas other than just energy management.
Request a complimentary energy efficiency assessment to find out how Artis Energy’s RTIS® energy analytics platform can provide you with the visibility and insight to transform energy from a fixed cost into a distinct competitive advantage.