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Research from Schneider Electric Reveals Companies Unprepared for New Energy Economy

• Survey of 236 companies shows that organisations feel ready to compete in the evolving energy landscape; but action doesn’t match perception
• Lack of integrated energy and sustainability planning and execution, and data management create barriers

ID: 1531899
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(businesspress24) - London (UK), January 25, 2018 reveals that most organisations feel prepared for a decentralised, decarbonised and digitised future, but many are not taking the necessary steps to integrate and advance their energy and sustainability programs.

This false sense of security can be attributed to the finding that most companies still take fairly conventional approaches to energy management and climate action. And the gaps in innovation are further complicated by limited coordination between procurement, operations and sustainability departments, as well as inefficient data collection and sharing.

81% of companies have made efficiency upgrades or plan to, but 30% or less are considering new energy opportunities such as microgrids and demand response
According to the survey of almost 240 large corporations ($100 million in revenue or more) from around the globe, 85 percent of respondents said their company is taking action over the next three years to keep its carbon-reduction plans competitive with industry leaders. But the projects that have been initiated or are in development skew heavily toward energy, water and waste conservation. Outside of renewables, few of the organisations represented are implementing more advanced strategies and technologies to manage energy and emissions.

Key findings include:

A primary barrier to progress may be internal alignment. Sixty-one percent of respondents said their organisationnumber of respondents said lack of collaboration is a challenge.

Data management was cited as another obstacle for integrated energy and carbon management, with 45 percent of respondents stating that organisational data is highly decentralised, handled at local or regional levels. And of the people who identified

Managed cloud services leader iomart is an example of a company that

The research points to progress in several areas as well.

More than 50 percent of companies represented have initiated renewable energy projects or plan to do so within the next two years, with healthcare (64 percent) and consumer goods (58 percent) leading the way. Plus, the c-suite and corporate functions have a high degree of involvement in these and other sustainability-focused programs. Seventy-four percent said C-suite members review or approve renewables and sustainability initiatives, for instance, indicating this work is seen as a strategic priority.

And while ROI is the obvious benchmark for energy and sustainability initiatives, companies are starting to take a longer, more comprehensive view of investments. For example, more than half of the respondents said environmental impact is factored in to the evaluation process. Organisational risk (39 percent) is another important consideration.

The study was conducted by GreenBiz Research to identify how businesses develop energy and environmental strategies, collect and share data, and coordinate across departments industrial, healthcare and technology. Results of any sample are subject to variation.

More information:

Keywords (optional):

schneider-electric, energy, environmental, sustainability, carbon,

Company information / Profile:

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centres, Infrastructure and Industries.

With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software.

In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency.

We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.

PressRelease by


PressContact / Agency:

Schneider Electric
Véronique Roquet-Montegon
Tel: +33 (0)1 41 29 70 76

published by: RealWire
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Date: 01/25/2018 - 17:40
Language: English
News-ID 1531899
Character count: 6231
Firma: RealWire
Ansprechpartner: Fran Cator Feedback to about Pressrelease-id:
Stadt: Lincoln
Telefon: +44 (0)1522 883640

Meldungsart: bitte
Versandart: Veröffentlichung

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