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Defining corporate energy policy and strategy to achieve carbon emissions reduction targets via energy management in non-energy intensive multi-site manufacturing organisations

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  • Finnerty, Noel
  • Sterling, Raymond
  • Contreras, Sergio
  • Coakley, Daniel
  • Keane, Marcus M.

Abstract

Research on the characteristics of long-term energy policy and associated strategies in multi-site manufacturing organisations is limited. Non-energy intensive multinationals do not face the environmental regulations required by their energy intensive counterparts, leading to missed opportunities and further widening the energy efficiency gap. This work investigates the development of a long-term energy policy and supporting strategy to close the energy efficiency gap focused on the inherent barriers found for non-energy intensive multi-site organisations. A systematic literature review identifies the essential components and the associated barriers/drivers to energy management. Highlights include (i) a review of energy policy guidelines and standards, (ii) an analysis of the decision-making practices, (iii) the influence of the non-energy benefits of energy-related investments and (iv) a study of six leading sustainable global organisations to identify best energy management practices. Subsequently, this work proposes a methodology to formulate a ‘corporate energy policy and an associated strategy’ in support of non-energy intensive multi-national manufacturing organisations by focusing on their specific characteristics and barriers. A case study is presented with findings on initial deployment in a Fortune 500 multinational corporation. Finally, conclusions are drawn and future work is proposed.

Suggested Citation

  • Finnerty, Noel & Sterling, Raymond & Contreras, Sergio & Coakley, Daniel & Keane, Marcus M., 2018. "Defining corporate energy policy and strategy to achieve carbon emissions reduction targets via energy management in non-energy intensive multi-site manufacturing organisations," Energy, Elsevier, vol. 151(C), pages 913-929.
  • Handle: RePEc:eee:energy:v:151:y:2018:i:c:p:913-929
    DOI: 10.1016/j.energy.2018.03.070
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    Cited by:

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    2. Chen, Ya & Pan, Yongbin & Wang, Mengyuan & Ding, Tao & Zhou, Zhixiang & Wang, Ke, 2023. "How do industrial sectors contribute to carbon peaking and carbon neutrality goals? A heterogeneous energy efficiency analysis for Beijing," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 67-80.
    3. Kelly M. Smith & Stephen Wilson & Paul Lant & Maureen E. Hassall, 2022. "How Do We Learn about Drivers for Industrial Energy Efficiency—Current State of Knowledge," Energies, MDPI, vol. 15(7), pages 1-26, April.
    4. Jun Gao & Ning Xu & Ju Zhou, 2023. "Does Digital Transformation Contribute to Corporate Carbon Emissions Reduction? Empirical Evidence from China," Sustainability, MDPI, vol. 15(18), pages 1-20, September.
    5. Monjurul Hasan, A S M & Trianni, Andrea & Shukla, Nagesh & Katic, Mile, 2022. "A novel characterization based framework to incorporate industrial energy management services," Applied Energy, Elsevier, vol. 313(C).
    6. Tomasz Bernat & Sylwia Flaszewska & Bartłomiej Lisowski & Renata Lisowska & Katarzyna Szymańska, 2022. "Facing Environmental Goals for Energy-Efficiency Improvements in Micro and Small Enterprises Operating in the Age of Industry 4.0," Energies, MDPI, vol. 15(18), pages 1-16, September.
    7. Vichan Nakthong & Kuskana Kubaha, 2019. "Development of a Sustainability Index for an Energy Management System in Thailand," Sustainability, MDPI, vol. 11(17), pages 1-24, August.
    8. Blanco, Christian C. & Caro, Felipe & Corbett, Charles J., 2020. "Do carbon abatement opportunities become less profitable over time? A global firm-level perspective using CDP data," Energy Policy, Elsevier, vol. 138(C).

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