Energy

Goal.To improve energy efficiency and increase the use of renewable energy.

Reducing energy consumption and shifting to renewable sources is a vital step in addressing climate change and managing operational costs. Energy use is a major contributor to greenhouse gas emissions, especially when it comes from fossil fuels. Improving energy performance not only reduces a business’s environmental footprint but can also lead to significant financial savings, increased resilience, and alignment with regulatory and customer expectations.

To improve energy efficiency and increase the use of renewable energy, businesses should begin by measuring and monitoring their energy consumption to understand where and how energy is being used. This helps identify inefficiencies such as outdated equipment, poor insulation, or unnecessary usage. Upgrading to energy-efficient lighting, appliances, and machinery can significantly reduce overall consumption.

Businesses can also review their energy procurement strategy — switching to renewable electricity suppliers or investing in on-site renewable generation like solar panels, heat pumps, or biomass systems. In larger operations, energy audits and management systems can guide long-term improvements. Finally, creating a culture of energy awareness among staff — encouraging simple actions like switching off unused equipment — can deliver meaningful savings with little or no cost.

Self Assessment Question

Does your business monitor and report energy usage, implement measures to improve efficiency and conservation, and use 100% renewable energy or have a clear plan to transition?

Reporting Disclosures

  • Total energy consumption within the organisation
  • Information on energy efficiency measures implemented
  • Percentage of energy consumed from renewable sources

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