Do you have energy efficiency projects that have been postponed or rejected due to capital budget limitations, other projects with better returns, or lack of expertise? Yet, from your perspective the project should be a “no brainer” due to the immediate positive cash flows generated by the energy savings. Understanding your organization’s decision-making process, being able to effectively speak to the benefit of improved cash flow, and improving your financial literacy can greatly increase your probability of receiving approval for a project. The self-funding aspect of energy efficiency is often under-appreciated by senior management, and you want to be able to clearly address any questions, concerns, and benefits.
HEI Hotels & Resorts is a growing hospitality company with 30 hotel properties in 13 states. Since launching its partnership with ENERGY STAR in 2006, HEI has expanded its corporate commitment to become an industry leader in sustainability initiatives, demonstrating that environmentally sound projects can be financially sound projects as well. From 2005 to 2008, HEI energy efficiency projects yielded savings of more than 23,750,000 kWh and over 23,500 tons of CO2 equivalent emissions across the portfolio. This is enough electricity saved to power 2,366 homes for one year. Find out more in this two-page success story.
Loews Hotels is a luxury hospitality brand with 18 hotels and resorts in the United States and Canada. Undertaking its first energy reduction measures in 2006, and joining the ENERGY STAR partnership in 2008, Loews has demonstrated commitment and industry leadership in addressing its environmental impact and prioritizing sustainable practices. With a goal to reduce energy use by 10 percent in 2011 as compared to 2007, Loews has achieved over 7.5-percent reduction through October 2010 – well on target to meeting corporate energy targets. Read this two-page success story to learn how they've come this far.