While many factories, hotels,commercial buildings, and institutions have policies on human resource management, environment, health and safety (EHS), finance, and procurement, they do not have an energypolicy yet it is equally important in making them competitive.An energy policy is a formal statement signed by management that outlines an organization’s commitment to managing energy use in a sustainable manner.
Implementation of an energy policy provides a framework for actions such as setting energy performance indicators and targets, employee awareness on energy management, energy monitoring, energyconservation, purchasing energyefficient equipment and alternative cleanenergy sources among others.These actions in turn lead to reduction of energy use and costs, which makes a business more profitable.
