NZ businesses miss out on energy savings benefits
Most New Zealand companies are doing little to curb energy waste despite the many benefits of reducing energy costs, new research shows. A study by Synovate commissioned by the Energy Efficiency and Conservation Authority (EECA) shows a wide disparity between industry sectors on energy management. Overall, only 23% of businesses are committed to energy management. A further 16% are open to managing energy, but the majority are either ambivalent (39%) or say energy is not a priority (21%). EECA chief executive Mike Underhill said: “Energy savings go straight to the bottom line, so help make companies more competitive. Reducing energy spend helps to increase productivity and profitability, and a good record on energy efficiency can help build brand and reputation. Nearly eight out of ten companies say managing energy is important, but it’s being shelved because other concerns are more pressing. Our job is to convince businesses that taking energy seriously, will boost their performance in other critical areas.” More than 580 companies across a range of sectors were surveyed. The construction industry was most resistant to managing energy better with only 11% of companies either committed or open to the concept – followed by health and community services (12%) and finance and business services (14%). The sectors most likely to be committed to managing energy or open to doing more, are transport and storage (77%), government and education (76%) and tourism and hospitality (62%). Businesses in the agriculture, forestry and mining sectors were also mostly supportive with 68% either already committed or open to managing energy better – although the low sample size in the primary sector makes that figure less meaningful. The biggest reported barriers across all sectors to doing more on energy management are time (26%), financial (18%) and knowledge (17%). According to the research, the most […]