Download Business Case and Beyond Checklists Excel 53 KB (Opens in a new window)
You can use this checklist to make sure that you are considering a full range of business benefits for your projects. Quantify as many of the benefits as you can. Where you can’t quantify a benefit you should still include a strong description of the outcomes you expect once your project is implemented.
|Check||Reason and related links||Indicators you might consider|
|Cost reduction||Direct energy savings are the obvious benefit of energy efficiency improvement, but there are many others.
These may include:
|Total energy reductions (Joules)
Energy intensity measures linked to output (e.g. energy used per full time employee, per 1000 km travelled, per tonne of material moved, per tonne of product manufactured)
NABERS energy rating (buildings)
|Avoided or deferred capital expenditure||Energy efficiency can reduce capital expenditure on plant by improving the efficiency of existing equipment or by reducing capacity requirements.||Value of capital avoided|
|Productivity improvement||Often energy waste is a sign of other problems, so energy efficiency improvements can reduce maintenance costs, increase plant output, or improve product quality. It can also improve working conditions and productivity of staff, for example by reducing heat from processes, improving daylight or reducing noise.||Increased production volume
% improvement in production throughput
Comfort levels for tenants in commercial buildings (reduced complaints or positive feedback via survey)
Reduction in the frequency of production downtime
|Improved product/service quality||Energy efficiency improvements can also lead to improved product or service quality through improved consistency in production processes or better delivery of services to customers.||Comfort levels for tenants in commercial buildings (reduced complaints or positive feedback via survey)
or production changes that improve consistency of production process by improving delivery of energy services such as compressed air, steam etc.
|Energy contracts and pricing||Energy efficiency can significantly reduce energy costs if reduced demand can capitalize on incentives built into energy contracts and the way that energy is billed. For example, contracts may include incentives for reducing energy use during periods of peak demand.||Comparison of costs based on one contract arrangement versus another|
|Occupational health and safety||Looking at the way that energy is used can highlight occupational health and safety risks in the workplace related to issues such as temperature and steam.||Lost time injury frequency rate
Hazards identified per employee
|Employee involvement and motivation||Involving staff in programs to identify energy efficiency opportunities can make them feel more involved in decision making and contribute to improved levels of job satisfaction.||Job satisfaction surveys
Feedback during performance management reviews
|Improved profit margin||Profits are usually a small proportion of total turnover or input costs, so the cost reductions from energy efficiency may look small relative to turnover. Since they are often a significant proportion of profit margin however, the results can be visible to shareholders.||Total energy use and energy cost relative to variable operating costs and profit;|
|Achievement of greenhouse gas reduction objectives||Where energy efficiency improvements avoid use of fossil fuels or electricity generated from fossil fuels, they may contribute directly to an organisation’s emission reduction performance. Understand fossil fuel related carbon liabilities and cost effective options to reduce carbon costs.||Total greenhouse gas emissions reduced (CO2-e)
Greenhouse intensity measures linked to output (e.g. C02 per full time employee, per 1000 km travelled, per tonne of material moved, per tonne of product manufactured)