Can ISO 50001 certification benefit your organisation?
ISO 50001 Energy Management accreditation offers many benefits to businesses helping you become more resilient against energy costs and availability. A key consideration that can help you to comply with legislation and embed sustainability best practices throughout your organisation, overall allowing your business to enhance performance, increase efficiency and manage risk.
What is ISO 50001?
ISO 50001 is an internationally recognised energy management system developed by the International Organisation for Standardisation. This independent, non-government organisation develops standards to ensure the quality, safety and efficiency of products, services and systems.
ISO says: “For organisations committed to addressing their impact, conserving resources and improving the bottom line through efficient energy management, we developed ISO 50001. Designed to support organisations in all sectors, it provides a practical way to improve energy use - helping to safeguard our future by making a positive difference in the here and now.”
How ISO 50001 can help you
ISO 50001 ensures your business has a healthy energy management system, helping to reduce consumption and environmental impact and increase profitability.
- Cost: ISO 50001 helps you identify how your energy is being used and any wastage, enabling you to manage better and control your energy usage. This leads to less waste and more efficiency, more significant cost savings, and improved procurement procedures and also helps to reduce the impact of rising costs.
- Compliance: ISO 50001 ensures you comply with legal requirements when setting up the system and communicate relevant information to employees and interested parties. By adhering to improved levels of compliance, you reduce the likelihood of fines and prosecutions, may benefit from reduced insurance premiums and have plenty of time to address issues ahead of legislation changes.
- Risk management: by reducing your reliance on fossil fuel-based energy sources prone to price fluctuations and availability, you can achieve improved business and energy planning, and potentially re-invest savings into other areas of your business.
- Reputation: ISO 50001 certification demonstrates you are an ethical and credible organisation, committed to reducing your environmental impact and improving your sustainable development, reassuring stakeholders you have best practice systems in place. This increases the likelihood of repeat business and positively presents your business for tenders and investment opportunities, giving you access to new customers and business partners, new markets and opportunities to expand overseas.
Talk to TMD
ISO 50001 can benefit your business in many ways, as identified above, and we thoroughly recommend you investigate certification. By reducing wastage and increasing efficiency, you can enhance the viability of your business, and with such checks and balances in place, you may benefit from reduced insurance premiums.
To discuss any aspect of insurance for your business, please don’t hesitate to get in touch – our business is your protection. Call TMD on 01992 703 000 or email insurance@mcdonaghs.co.uk