• Latest

Global Survey Reveals Most Companies Naive When it Comes to Energy Management

26 January, 2012
China Liberal Education Holdings Limited Starts Higher Volume Production and Expands Domestic Sales Channels of All-in-one Machine AI-Space

China Liberal Education Holdings Limited Starts Higher Volume Production and Expands Domestic Sales Channels of All-in-one Machine AI-Space

19 December, 2020
Bell connecting Canadians at home for the holidays with free TV programming and no extra usage fees on residential Internet

Bell connecting Canadians at home for the holidays with free TV programming and no extra usage fees on residential Internet

18 December, 2020
TEMSA: Bus exports to be delivered to the heart of the European Union

TEMSA: Bus exports to be delivered to the heart of the European Union

18 December, 2020
EU tries to reshape the rules of the Internet

EU tries to reshape the rules of the Internet

17 December, 2020
Matterport Brings 3D Capture to the iPhone

Matterport Brings 3D Capture to the iPhone

5 May, 2020
NASA Administrator Statement on Agency Coronavirus Status

NASA Administrator Statement on Agency Coronavirus Status

15 March, 2020
Technology Supports Social Distancing in age of Covid-19

Technology Supports Social Distancing in age of Covid-19

15 March, 2020
Second Staff Exchange Between EU CyberSecurity Organizations

Second Staff Exchange Between EU CyberSecurity Organizations

19 February, 2020
Iranian Professor on the Iran-US escalation: “Iranians expected to hear a clear and steadfast condemnation from Turkish authorities over Soleimani’s death”

Iranian Professor on the Iran-US escalation: “Iranians expected to hear a clear and steadfast condemnation from Turkish authorities over Soleimani’s death”

16 February, 2020
Badly Trained Spam – Only A Quarter of Brits Train their Spam Filter

Badly Trained Spam – Only A Quarter of Brits Train their Spam Filter

6 February, 2020
Year 2020: What is the Status of 5G Rollout Worldwide and Turkey

Year 2020: What is the Status of 5G Rollout Worldwide and Turkey

31 January, 2020
Turkish Competition Authority’s Android Decision

Turkish Competition Authority’s Android Decision

18 December, 2019
  • About Us
  • Contact Us
  • Homepage
  • Latest News
  • News Widget
  • Privacy Policy
Wednesday, March 29, 2023
Social icon element need JNews Essential plugin to be activated.
  • Login
  • Register
Globaltelconews
Advertisement
  • IT
  • Telecom
  • Mobile
  • e-Commerce
  • Fintech
  • Security
  • New Tech
  • About
    • About Us
    • Contact Us
    • Privacy Policy
No Result
View All Result
  • IT
  • Telecom
  • Mobile
  • e-Commerce
  • Fintech
  • Security
  • New Tech
  • About
    • About Us
    • Contact Us
    • Privacy Policy
No Result
View All Result
Globaltelconews
No Result
View All Result

Global Survey Reveals Most Companies Naive When it Comes to Energy Management

globaltelconews-admin by globaltelconews-admin
26 January, 2012
in English
0

Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, today announced the results of its first ever global carbon accounting survey, which offers insight into the fact that despite forthcoming legislation mandating carbon accounting, most companies are still lagging in their comprehension of carbon accounting as a whole, and in the execution of said carbon accounting initiatives.

With Australia introducing the new tax legislation on carbon emissions, and new regulations soon being introduced in California, the momentum behind requiring corporate energy management is well under way. The survey, which was conducted by Epicor during August and September 2011, was designed to investigate the ability and willingness of companies to identify their greenhouse gas emissions; to find out how they technically capture emissions; and to clarify the extent to which companies have to meet not only legal requirements for sustainability, but also what demands they meet from partners and customers.

The survey compiled responses from nearly 1,000 companies worldwide. The majority (48%) of respondents were from organizations in the manufacturing industry. Most (42%) respondents were from organizations with 100 to 1,000 employees and organizations with $50 million in annual revenue, or less (43%).

The survey revealed that 58% of companies surveyed had not heard of the term carbon accounting, that less than a quarter could accurately describe what the term means, and that a full 80% of companies surveyed dont monitor their companys carbon footprint.

Its quite worrying to think that a third of all companies dont know whether they are under legal obligation to report emissions and we want to take this opportunity to urge the industry as a whole to take responsibility and help educate businesses about energy management, said Chris Purcell, product marketing manager for Epicor. Businesses should prepare now for carbon accounting.

He explained, Carbon reporting will happen irrespective of any personal opinions about global warming; those businesses that prepare now for the reporting that will be legally required of them in the near future will have a clear competitive advantage over laggards. Energy management is not a distraction to a companys core business. Businesses can gain cost and energy savings from sustainability investments and the growth of emission trading schemes will only increase the need for companies to understand how carbon accounting will impact their bottom line.

The survey also revealed that although the CEO is the most likely person to be responsible for a companys green strategy, 50% of companies surveyed dont have any C-level involvement at all in their carbon accounting initiatives. 85% cannot report the level of carbon their company has consumed in each of the last six months, and nearly 70% believe that they accurately account for less than 25% of their companys carbon consumption.

But not all companies are in the dark. Epicor customer HARBEC Inc., a contract injection molder and precision manufacturer located in upstate New York, recently decided the company needed to implement a more accurate and credible solution than its manual system to reach its goal of being carbon neutral by 2013.

Ultimately we needed a monthly report of how were doing in terms of sustainability metrics, said Bob Bechtold, president and founder of HARBEC. Those metrics are as serious to us as other common business metrics like financial reporting.

HARBEC is also in the process of pursuing certification to the newly released ISO 50001 energy management systems standard, which requires systematic documentation of carbon emissions using solutions such as Epicor Carbon Connect. Bechtold added that many companies claim to be environmentally friendly with little or no substantiation, but this new certification and solution will give HARBEC the competitive advantage of actually proving that we are a leader in sustainability.

Having credible documentation that comes from a robust ERP solution will allow us to quantify what were doing, Bechtold said, Any company can compensate for its carbon emissions by purchasing offsets, but this solution will enable HARBEC to efficiently and accurately track our carbon footprint, helping us to manage it toward zero through efficiencies and smarter power generation.

Pursuing a green agenda and increasing operational cost savings are not mutually exclusive tasks, said Purcell. We urge all companies to move the green agenda higher up on their corporate social responsibility (CSR) priorities. By being prepared in advance, companies can avoid potential penalties for not adhering to legislation, and also realize the strategic advantages that include operational cost savings and additional revenue streams.

A Summary of Key Survey Results

  • An overwhelming majority (58%) had not heard of the term carbon accounting
  • Less than a quarter could accurately describe what carbon accounting means
  • 80% do not monitor their carbon footprint regularly
  • A third dont know if their company is under legal obligation to report emissions
  • While the CEO is the most likely person to be responsible for a companys carbon strategy, 50% dont have any C-level involvement at all
  • The majority (85%) cant tell the level of carbon their company has consumed in each of the last six months
  • More than half think carbon accounting has impacted their business positively
  • Nearly 70% believe they accurately account for less than 25% of their carbon consumption

    Purcell concluded, Epicor is committed to the global emerging green market and we support forward looking businesses who embrace technology to get ahead of the curve of regulatory compliance, while providing efficiencies that will ultimately reduce costs and drive business performance.

  • Previous Post

    Mobile broadband needs more spectrum soon, says UMTS Forum

    Next Post

    Decline in Apple share of mobile internet usage shows battle to dominate mobile phones and tablets is far from over

    Next Post

    Decline in Apple share of mobile internet usage shows battle to dominate mobile phones and tablets is far from over

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Navigation

    • Authors
    • Author Login
    • Author Application
    • Advertisement
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms of Use
    • Sitemap
    Social icon element need JNews Essential plugin to be activated.

    © 2018 Globaltelconews.com

    No Result
    View All Result
    • IT
    • Telecom
    • Mobile
    • e-Commerce
    • Fintech
    • Security
    • New Tech
    • About
      • About Us
      • Contact Us
      • Privacy Policy

    © 2018 Globaltelconews.com

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In