This EIU report discusses how companies can promote long-term financial growth by managing energy efficiency in their manufacturing processes.
Businesses are facing a future of constraints, including restricted access to energy, and curbs on carbon dioxide emissions. As such, improving industrial energy efficiency is no longer optional—but a clear pre-requisite for long-term financial growth. Those companies that do not address industrial energy efficiency are likely to find that their long-term financial performance will be negatively affected; meanwhile, those firms that seek continuous improvement in energy efficiency are likely to steal a march over competitors.
- Industry executives say improvements in energy efficiency will be critical to their businesses.
- Above all, companies look for financial returns from their investments in energy efficiency.
- Although companies see energy efficiency as critical to their businesses, only a minority actually take action to improve efficiency.
- This gap between awareness and action is caused largely by lack of information.
- Leading firms are overcoming some of these obstacles, however.
- New regulations will intensify pressure on companies to improve energy efficiency.
- Improvements will come from existing technologies—and from process innovations.