Schneider Electric Research: Cash trumps Green initiatives

Schneider Electric has a study it is releasing soon with insights as to where environmental projects fit in corporate priorities.


Fortune 1000: Despite Moral Obligation to Sustainability, Cash is Still King

Nearly 90 percent of senior executives feel morally responsible for making companies energy efficient, but cost savings remain biggest motivator; executives divided on impact of cap and trade, according to survey commissioned by Schneider Electric


Palatine, Ill. – February 9, 2011 – Eighty-eight percent of Fortune 1000 senior executives feel business has a moral responsibility, beyond regulatory requirements, to make their companies more energy efficient, according to a new poll released today by Harris Interactive and commissioned by Schneider Electric. At the same time, the vast majority (61 percent) of respondents say that potential cost savings are their biggest motivator to save energy at the enterprise-level, outranking environmental concerns (13 percent) or government regulations (2 percent).

Here is a breakdown on responses.

Sixty-one percent of respondents cite potential savings as the key driver in making their organizations more sustainable, stating that their companies would be motivated to use less if there was an energy management solution that could save them money. Cost savings was by far the most widely cited factor among the executives, with the remaining respondents reporting the following:

· Environmental benefits:  Thirteen percent cited stewardship of the environment to be a main motivator.

· CEO mandate: Ten percent said their companies would use less energy if the CEO required it.

· Education: Seven percent said if they knew how to reduce consumption, they would change behavior.

· Increased cost: Seven percent said that their companies would use less energy if it was a more expensive product.

· Government regulation: A mere two percent of respondents said they would only use less if it was required by lawmakers.

The problem is few executives know where to start.

“The findings of the survey reinforce what we’re hearing daily from our customers,” said Christopher Curtis, President and CEO of Schneider Electric in North America. “Business leaders want to be good corporate citizens regarding their energy management, they often just don’t know where to start. At the same time, we’re in the process of emerging from the worst economic downturn since the Great Depression, requiring cost savings to be a key part of the solution. We are beginning to see energy management services become a strategic asset for companies looking to save money.”

How about investing in a system to identify the opportunities and prioritize them?

Which is a market that Hara goes after.

Hara Recognized as 2011 Enterprise Energy and Carbon Accounting Leader

Acknowledged in Groom Energy report for rapid customer acquisition and comprehensive solution for second straight year

San Mateo, CA – February 8, 2011 – Hara, a leading provider of environmental and energy management software, today announced that it has been identified as a Leader in the Enterprise Energy and Carbon Accounting (EECA) software market by Groom Energy Solutions, a provider of renewable and energy efficiency solutions. Hara’s inclusion in “The 2011 Enterprise Energy and Carbon Accounting (ECCA) Software Market A Buyers Guide,” marks the second consecutive year that Hara has been named a Leader in the annual report.

And C3-E will eventually get out there as well.

C3 Mission

C3 enables organizations to maximize profitability and
cash flow by optimizing their enterprise energy strategy
and carbon footprint