“These results are not surprising – the industry landscape is constantly evolving and companies are facing unprecedented pressure to conserve resources, reduce costs and disclose energy and resource performance,” said Jeff Heggedahl, president and CEO, Ecova. “These challenges mean companies must take steps to improve results and build a total energy and sustainability management strategy if they want to remain competitive and meet the increasing needs for resource management.”
Nearly half of respondents revealed the top energy data priority for 2014 is to implement no cost, low cost efficiency efforts. Cost is by far the biggest influencer of energy and sustainability initiatives; however, 2014 will be complicated by the anticipated increased energy and resource prices.
The report discloses additional aspects of energy and sustainability management for organizations to address in 2014:
Water will emerge as a top energy and sustainability initiative
- An overwhelming majority of respondents (70 percent) noted that rising water costs are a concern for 2014.
- Water is also viewed as the second greatest area with opportunity for savings and improvement, behind energy.
- Thirty percent of respondents are unaware if their buildings are currently required or will be required to comply with municipal, city or state level regulations.
- However, among the 38 percent of respondents who are currently required or expect to be required to comply with municipal, city or state regulations, nearly 86 percent feel prepared to respond.
- Twenty-seven percent of respondents acknowledged they didn’t know how their facilities performed in comparison to peers, and an additional 46 percent stated their buildings were performing only the same as or less efficiently than peers.
- This means that nearly 75 percent of respondents believe they have an opportunity to capture additional cost and energy savings compared to their current performance.