nedbank

nedbank

Energy is necessary for economic growth, and energy is a significant cost for any business. Considering that small-to-medium enterprises in South Africa contribute 36% to the gross domestic product as indicated in the Global Entrepreneurship Monitor report for 2017/18, being more energy-efficient has a significant societal impact.

The rapidly increasing price of electricity – a trend that is expected to continue for the foreseeable future – is therefore a barrier to business growth and ultimately drives the business case for energy efficiency. Nedbank is committed to helping businesses become as resilient, financially fit and sustainable as possible. Properly implemented energy efficiency measures lower operating costs and contribute towards improved business competitiveness, with savings going straight to the bottomline year after year. There are also broader benefits to energy management, such as increased economic activity in the supply market, job creation and upskilling.

Nedbank recognises that the key to driving impactful growth for the benefit of our business clients, as well as society, comes from open knowledge sharing. In association with the National Business Initiative and the Carbon Trust, Nedbank has published the free Energy Efficiency Guide, a practical tool for improved business competitiveness through energy efficiency and energy management. The guide is based on energy management learnings and experiences of over 5 000 South African companies, across multiple sectors, through the Private Sector Energy Efficiency (PSEE) Programme. 

The guide provides easy-to-follow tips and strategies designed to help businesses save money and become more competitive. It gives users the tools to conduct thorough vetting of proposals from energy management consultants to ensure maximum benefit to their businesses. The guide also delivers an overview of energy, climate change and carbon emissions legislation and policies as well as taxes and incentives. 

With government’s renewed focus on energy efficiency in a bid to reduce carbon emissions by 34% by 2020, by being more energy-efficient, companies can further help catalyse a transition to a low-carbon energy system, enabling greater energy security, cost savings and growth. In support of this objective the guide helps users gain an understanding of technologies in which they may need to invest to reduce energy expenses even further, including renewable-energy production and self-generation technologies. 

Despite the importance of energy in the running of a business, Nedbank recognises that it’s often difficult to prioritise investments in energy savings, especially if capital expenditure is required or financing is needed. This guide will help businesses reprioritise these investment decisions. Should you require financing or more information, please contact Nedbank Business Banking on 0860 555 333 or at business@nedbank.co.za. Terms and conditions apply.

Nedbank’s free Energy Efficiency Guide is available for download at nedbank.co.za

This post and content is sponsored, written and provided by Nedbank.