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Energy Statements: Mediating Decision Cycles

In: The Corporate Energy Strategist’s Handbook

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  • Jimmy Y. Jia

    (George Washington University)

Abstract

We describe a new framework for a metrics system that unifies the reporting of energy across an organization. Today, the energy management discipline is focused primarily on the flow of energy. The stereotypical goal of energy managers is to save money on utility bills, but bills only represent this flow. In reality, energy-related costs occur on different cycles for different durations. The data is needed by many stakeholders—accountants, engineers, impact investors, and so on. Energy statements enable the shift from managing energy-as-a-commodity flows to managing energy-as-strategy decision cycles. This framework analyzes a company’s performance through a nonfinancial lens. It improves the management of assets and elucidates the risks and opportunities of an organization to achieve a sustainable energy outcome.

Suggested Citation

  • Jimmy Y. Jia, 2020. "Energy Statements: Mediating Decision Cycles," Springer Books, in: The Corporate Energy Strategist’s Handbook, chapter 6, pages 49-65, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-36838-8_6
    DOI: 10.1007/978-3-030-36838-8_6
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