Demonstrating benefits to the whole business
While much of the focus of the business case for EEMs will be on the financial benefits, consideration and inclusion of non-financial benefits remain important.
A clear demonstration of tangible and intangible benefits to the business as a whole can influence the degree of support that a project receives. An ability to show a positive impact on aspects of a business such as productivity, competitiveness, reputation and employee satisfaction can all enhance the business case for an EEM.
Some examples include:
- Reduced noise in ventilation systems after converting fans to variable-speed operation
- Increased maintenance intervals to ensure equipment is operating at an optimum level
- Improved environmental and operating comfort for employees, improved employee productivity and reduced staff turnover
- Enhanced reputation and public relations advantage
Some benefits may be easier to quantify than others and while it is recommended that as many as possible should be quantified, for others it may be more practical to describe benefits qualitatively.
|Potential quantifiable benefits include:||Benefits that are not easily quantifiable include:|
|Cost reductions (energy, repairs and maintenance, water use, waste, material, labor, etc.)||Positive health, safety and well-being impacts|
|Salvage value of surplus assets (redundant equipment that has been replaced)||Improved productivity|
|Avoided or deferred capital expenditure (where lower energy use creates spare capacity)||Regulatory approvals|
|Productivity improvements (especially if energy supply is a limiting factor)||Enhanced reputation with external stakeholders|
|Reductions in greenhouse gas emissions||Improved staff morale, retention and recruitment|
|Self-generation of energy independence of supply||Increased innovation|