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CIMA Event 3 November 2011  Leadership & Change for Energy Efficiency in Accounting & Management
Disclaimer ,[object Object],[object Object],[object Object],[object Object]
Referencing this material ,[object Object],[object Object],[object Object]
Welcome & introductions Professor Suzanne Benn UTS Business School
Interactive Seminar - Aim ,[object Object],[object Object]
Interactive seminar - outline  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Project funding ,[object Object],[object Object],[object Object]
Key Project Partners ,[object Object],[object Object],[object Object],[object Object],[object Object]
Project  Overview
Introductions ,[object Object],[object Object],[object Object],[object Object]
Energy Efficiency – the business context Patrick Crittenden Sustainable Business P/L
What is Energy Efficiency? ,[object Object],[object Object],[object Object],Dunstan et al. 2011, p.10
Electricity generation by fuel type in Australia Source: Geoscience  Australia 2010 p34
The boundary The electricity  supply chain 2 units of light energy delivered 100 units of energy input
The boundary The electricity  supply chain 62 units lost 2 units lost 34 units lost 2 units of light energy delivered 100 units of energy input
The boundary Energy efficiency example 80% saving in energy end use delivers benefits across the electricity supply chain
ClimateWorks 2010 “Low Carbon Growth Plan for Australia” Many cost-effective energy efficiency projects exist but are not being taken up
International Energy Agency – 450 scenario Source: IEA (2011) World Energy Outlook Efficiency measures account for 59% of abatement in 2020 26 28 30 32 34 36 38 40 42 2007 2015 2020 2025 2030 Gt 2010 Efficiency 65 57 End-use 59 52 Power plants 6 5 Renewables 18 20 Biofuels 1 3 Nuclear 13 10 CCS 3 10 Share of abatement % 2020 2030 3.8 Gt 13.8 Gt Reference Scenario 450 Scenario
 
Key reasons for management accountants to get involved with energy efficiency ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Rising Cost ,[object Object],[object Object],Energy efficiency is effective in delivering cost savings
Source: Geoscience Australia, 2010 p18
Source: Geoscience Australia, 2010 p28
Business Risk: Carbon pricing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Energy efficiency is the most cost- effective way of reducing the impact of a price on carbon
Business Risk: Compliance with legislation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Business Risk: Compliance with legislation ,[object Object],[object Object],[object Object],Legislative compliance associated with energy efficiency and greenhouse related issues is increasingly complex
Business Risk: Licence to Operate ,[object Object],[object Object],[object Object],[object Object],Organisational stakeholders are increasingly aware that energy efficiency has important business, environmental and social benefits.
Other business drivers and opportunities ,[object Object],[object Object],[object Object],[object Object]
Energy Efficiency Opportunities - results ,[object Object],[object Object],[object Object],[object Object],[object Object]
Ethical Considerations (Greenhouse Gas Emissions) Source: Garnaut Climate Change Review 2008, p 88
Barriers to energy efficiency improvement in business Dunstan et al. 2011, p.10
The GPT Group – Case Study Bruce Precious National Sustainability Manager The GPT Group
Energy efficiency – an important role for management accountants Dr. Paul Brown UTS Business School
Training Needs Analysis – Key Themes ,[object Object],[object Object],[object Object],[object Object]
Training Needs Analysis – Key Themes (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Training Needs Analysis - Skills
Energy Efficiency Fundamentals - Establish your energy base case ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Establish your energy base case ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
For example: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
It is important to clearly identify organisational activities, and boundaries ,[object Object],[object Object]
It is important to clearly identify organisational activities, and boundaries ,[object Object],[object Object],Source: RET 2008
Energy Base case information ,[object Object],Source: RET 2008
Hints: ,[object Object],[object Object],[object Object],[object Object]
Some suggested places to start: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Hints: ,[object Object],[object Object],[object Object]
Hints: ,[object Object],[object Object],[object Object]
Developing the business case for an energy efficiency project  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Information useful in preparing the business case ,[object Object],[object Object],[object Object],[object Object],[object Object]
Developing the business case for an energy efficiency project ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Include all business costs and benefits to increase the chance of success
Cost savings from EEO programs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Source: Continuing Opportunities Energy Efficiency Opportunities (EEO) Program – 2010 Report, A look at results for the Energy Efficiency Opportunities Program 2006-2010, Taken from public reports of assessments undertaken during the period July 2006-June 2010
Some sources of competitive advantage from EE: REDUCED RISKS (from Worrell et al 2003 and Cooremans, 2011) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Some sources of competitive advantage from EE: REDUCED COSTS (from Worrell et al 2003 and Cooremans, 2011) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Some sources of competitive advantage from EE: REDUCED COSTS (from Worrell et al 2003 and Cooremans, 2011) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Soft Skills ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Where to find helpful information about energy efficiency ,[object Object],[object Object],[object Object]
Opportunity to work with UTS as we develop some case studies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Small group discussion
Questions  ,[object Object],[object Object],[object Object]
Panel Discussion
Summary and next steps Professor Suzanne Benn UTS Business School
Thank you ,[object Object],[object Object],[object Object],[object Object],[object Object]
Contact Details ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
References ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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'Leadership & Change for Energy Efficiency in Accounting & Management' to CIMA Members on 3 November 2011 (with Guest Speaker Bruce Precious, Sustainability Manager - Office and Industrial / Business Parks, The GPT Group)

Notes de l'éditeur

  1. These materials will be referenced to: Benn, S., Brown, P., Brown, D., Crittenden, P., and Krithinakis, A., 2011. Leadership & Change for Energy Efficiency in Accounting & Management: Educators Interactive Seminar. 27 October 2011. Project funded by the Office of Environment & Heritage, Department of Prime Minister & Cabinet NSW. Benn, S. 2011. Leadership & Change for Energy Efficiency in Accounting & Management: Educators Interactive Seminar , Version 1.0, September 2011, Report for NSW Office of Environment & Heritage.
  2. Accountants and business managers can contribute – but they can’t do it alone Communication and influencing skills can be as important as technical skills