Energy efficiency, a factor of success

The importance of energy efficiency

The energy efficiency concept has to do with the amount of useful energy that can be obtained from a specific system or technology. It also involves the implementation of technologies that use less energy to perform the same task. Improvements in energy efficiency are often achieved by adopting more efficient technologies or productive processes.

Energy has a strong bearing on the economic performance of any company. By using energy efficiently, SMEs can save money, strengthen their productive processes, and have a positive impact on the environment.

The energy challenge for SMEs

Small and medium-sized enterprises are an economic force for Latin America and the Caribbean and one of the main drivers of economic growth. These companies perform a wide range of productive activities and are a key source of employment. In our globalized world, SMEs play a crucial role in promoting competitiveness and sustainable growth in the region.

For SMEs, there are numerous arguments in favor of being energy efficient. When correctly implemented, energy efficiency brings economic and climatic benefits (reduction in greenhouse gas emissions) and reduces local pollution levels. All these measures have other benefits, such as job creation and heightened competitiveness.

Reducing costs and increasing competitiveness

More than ever before, the challenge of energy efficiency is vital for SMEs in Latin America and the Caribbean. Energy efficiency practices can lead to important savings in terms of energy cost. More efficient energy usage allows SMEs to save economic resources that can then be reallocated to research and development or to operations and maintenance, among other areas. It also contributes to establishing or improving the image of the company as an organization that is environmentally friendly and uses energy responsibly. If energy efficiency challenges are not addressed, SMEs will lose competitive advantages in local and regional markets.

Through an energy audit, the companies that have participated in the GREENPYME Program have had the potential to reduce their energy costs by approximately 13 percent.

Environment

There are some 75 million to 100 million micro, small and medium-sized enterprises in emerging markets. Individually, each of these companies consumes a relatively small amount of energy, with a small impact on the environment. However, the accumulative impact of all these companies is highly significant. By reducing their carbon footprint through the implementation of energy efficiency practices and more efficient, innovative technologies, many SMEs can reduce their energy consumption and also contribute to improving environmental conditions.