There are many benefits to implementing an ISO 50001 Energy Management System (EnMS). This article focuses on 5 key benefits if your organization is considering implementing ISO 50001.

Energy is being consumed more than ever. Socially responsible companies are looking into ways to reduce energy consumption. There are several benefits of implementing an EnMS as an investment.

1.  Save Money. Having an ISO 50001 EnMS is beneficial in achieving energy performance and energy cost reduction goals.

The Department of Energy (DOE) recently recognized AstraZeneca’s Gaithersburg Campus for reducing their energy consumption by 8.5% over 3 years and saving $420,000 on energy bills annually.

2. Environmentally Friendly. Many organizations are seeking to reduce environmental impacts, including greenhouse gas emissions without affecting operations and simultaneously increasing profitability. This is especially important to organizations pursuing Environmental, Social, and Governance (ESG).

JW Marriot achieved a 7.8% reduction in energy consumption over 3 years, saving $221,551 in energy costs, and reduced carbon dioxide emissions by 725.43 metric tons.

3. Competitive Advantage. An EnMS allows organizations to market their ESG efforts, which demonstrates the organization’s concern for its environmental footprint. An ISO 50001 EnMS distinguish a company from its competitors. The business can outperform its competition by becoming more efficient, increasing profitability, while creating value for its investors.

4. Best Energy Practices. Demonstrates to investors, community, customers, employees, and other stakeholders that efficient energy use is a priority and energy is managed systematically. Implementing best practices of energy management enable organizations to generate continual energy savings and have the foundation for energy improvement.

5. Improve Reputation. Implementing an EnMS shows commitment to energy management improvement and builds a solid reputation for social and environmental responsibility (ESG). A company with a good reputation will win more business opportunities, attract investments, increasing market value, and lower operating costs.

ISO 50001 is easily integrated with other ISO standards, such as ISO 9001 and ISO 14001.

If your organization is considering implementing ISO 50001 Contact The ISO 9001 Group and one of our consultants can help you along this journey through our consulting, auditing and training services.