What are the Benefits of ESOS?

The Energy Saving Opportunity Scheme (ESOS) is a mandatory requirement for all large organisations in the UK that meet one of the following criteria:

• 250 employees or more
• Annual turnover of greater than £44,000,000 and an annual balance sheet of more than £38,000,000

Eligible businesses must submit their reporting by 5 June 2024 – but we recommend organisations that qualify take steps to prepare their submission as soon as possible.

ESOS: The Benefits

While organisations with the above qualifications are required to adhere to the ESOS scheme, ESOS has many benefits beyond compliance – it’s one of the easiest ways to improve operational capability, increase efficiency and take your sustainability efforts to the next level. ESOS has many benefits,
including:

• Reducing business costs: at its core, ESOS provides organisations with recommendations to reduce their energy usage – reducing operational costs in turn. According to the recent research, a business can reduce its annual energy costs by 20% through improving energy efficiency and energy management. Even better, many of the suggestions contained in an ESOS report are behavioural – meaning that implementation is very cost effective.
• Increasing productivity, competitiveness and market position: ESOS is all about efficiency – more efficient processes result in a more productive organisation, which increases competitiveness and improves market position. Furthermore, it’s no secret that customers are more likely to purchase goods and services from an organisation that’s demonstrably sustainable. ESOS compliance is an excellent way to show customers and shareholders alike that your organisation means business when it comes to your environmental responsibility.
• Futureproofing your business: energy saving measures, like the ones highlighted through the ESOS compliance process, allow your organisation to manage risks by reducing operational costs, building resilience for future energy price increases.
• Improving UK energy efficiency: the net benefit of ESOS to the UK economy is expected to be up to £3 billion between 2015 and 2030, through a combination of energy efficiency measures, sustainability measures and operational reductions.

ESOS: Reporting Requirements

The good news? These benefits are at your fingertips. All that’s required for compliance is energy data for buildings, transportation and industrial processes over a 12-month period that includes the ESOS qualification date of 31^st December 2022, and our team of professionals can help. Our team will conduct audits and produce reports to recommend a range of energy efficiency measures. Once the reporting process is complete, all information will be signed off by an accredited ESOS Lead Assessor – GEP Environmental has three on staff.

Curious about how ESOS could benefit your organisation? Our team would be delighted to assist. Get in touch today.