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Energy is a boardroom issue

In Australia, uncertainty surrounding energy security and rising energy costs bring about very real financial and business risk implications.
Oddly enough, recent volatility in our energy market also presents Australian businesses with immediate opportunity.

At pitt&sherry, many of our clients sought to understand the political stuttering around the
subject of energy and renewables and energy efficiency / productivity. The absence of clear, national energy policies further muddied thinking and limited longer-term planning. For our clients, business risks remained unchecked and costs continued to rise.

Does this sound familiar?

Energy is often seen as a simple P&L item that impacts the bottom line. It doesn’t require a lot of thought. It’s a required input for production or service delivery. Energy is regarded as effective if the business can operate.

Opportunity comes from an investment in energy efficiency to improve that bottom line. How productive is the energy in your business?
At pitt&sherry, managing energy is a core business service. Our purpose is to make your business more resilient by actively maximising energy productivity, identifying energy efficiency opportunities and evaluating energy resourcing options.

We deliver an energy uplift to our clients in several ways.


Why a board-led energy strategy?

Boards set “the tone at the top”. If energy management is important to the Board, then management will
undertake a sustained effort to deliver plans under the strategy. It’s simple.
Through a Board-led approach, an investment in energy management has delivered:

  • Immediate and longer term financial performance improvements (in some instances yielding more gains than planned due to other synergies)
  • Strengthened risk mitigation plans and business certainty
  • Enhanced brand reputation
  • Improved Corporate Social Responsibility achievements
  • An uplift in energy productivity thereby reducing unit costs and improving competitive positioning.

The starting point

While most business are proactive in cost control, few have the time to proactively manage energy for the organisation. It’s not core business and seldom gets focused attention. The Board’s role is to start asking questions: to understand how energy is currently used and managed.
We believe the development of a Board-led energy strategy is key to optimising your energy opportunities. pitt&sherry can help with that. We make it easy by asking the right questions from the start and building the frame around the goals and objectives of the organisation.

It only works if you implement the strategy

Implementing the strategy is key. If you’ve used an external expert to assist in energy strategy development, it makes sense to engage that expertise for effective implementation. pitt&sherry’s Energy Managers help to unlock planned benefits through practical energy goals and plans. Our structured approach allows your energy strategy and subsequent plans to fit and work for your business while freeing up management to focus on the day to day.

Engergy is a critical input

Energy is much more than a number in the P&L. It is a material input. Uncertainty surrounding energy security and rising costs highlight an opportunity for Australian businesses. How you use and manage energy has a direct impact the bottom line and overall corporate performance. A structured energy strategy is essential for business resilience.
How is the Board leading the thinking in energy management in your business? How much energy is your business using?

Final thoughts

In thinking about energy, it helps to put things in perspective. How much does your business need to sell to pay your bill?


Robert Nicholson
Technical Director - Energy Services

i Icon created by Jugalbandi from Noun Project
ii Icon created by johartcamp from Noun Project iii * A2SE is the Australian Alliance To Save Energy iv Icon created by Popular from Noun Project
All definitions from English Oxford living dictionaries:



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