Key Findings and Opportunities

The report underscores the substantial impact of energy efficiency, revealing that it can contribute up to 18.5% of the emissions reduction Australia requires by 2030 and 13.5% by 2050, according to the independent modelling provided by Northmore Gordon. With over two million small businesses in Australia, representing nearly a third of the country’s GDP, there is a tremendous opportunity for SMEs to curtail energy consumption and support Australia’s net zero emissions goal.

Strategic Recommendations

Energy efficiency is identified as the most cost-effective initial step for SMEs. The report also highlights electrification and renewables as critical components of energy upgrades. Clare Morgan, ANZ Group Executive for Australia Commercial, emphasizes the importance of prioritising energy efficiency, especially amid rising material and energy costs. She notes that businesses acting now can save money, reduce emissions, meet growing sustainability expectations, and enhance business resilience.

Luke Menzel, CEO of the Energy Efficiency Council, points out that energy use in businesses, homes, and vehicles is responsible for about 80% of Australia’s emissions. With the nation’s energy transition plan becoming clearer, now is the time for businesses to harness energy efficiency.

Comprehensive Approach

The report, part of ANZ and EEC’s “Forgotten Fuel” series, follows the inaugural May 2023 publication, “Putting Energy Efficiency to Work.” This series illustrates how energy efficiency and electrification are vital for lowering energy bills and decarbonizing the Australian economy.

Three key highlights from the current report include:

• Critical Tools: Energy efficiency, electrification, and renewables are indispensable for SMEs aiming to reduce energy bills and emissions.
• Impactful Modelling: Independent analysis by Northmore Gordon, commissioned by ANZ and the EEC, finds energy efficiency can deliver up to 18.5% of the needed emissions reduction by 2030.
• Integrated Solutions: Combining energy efficiency with electrification can achieve nearly 40% of the emissions reduction required for Australia, surpassing the impact of renewable electricity alone.

How Northmore Gordon Can Help

We are committed to helping businesses realise the potential of energy efficiency. We provide expert guidance and solutions to implement these critical upgrades, leveraging both corporate and government funding opportunities. By partnering with us, businesses can navigate the complexities of energy efficiency and make meaningful strides toward sustainability and cost savings.

For more information on how to enhance your business’s energy efficiency and unlock funding opportunities get in touch below.

Images sourced from: ANZ’s Putting Energy Efficiency to work for Business Report – May 2024

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Wattly Pty Ltd, one of the largest Environmental Certificate aggregators, and Northmore Gordon Pty Ltd (NG), a leading energy and carbon consultancy, have combined forces under the Northmore Gordon name. The consolidated business is focused on providing B2B Advisory Services and Environmental Certificates to help large business decarbonise and improve energy performance. 

Northmore Gordon was formed in 2009 to join the global effort to reduce emissions of greenhouse gases.  In 2012 the directors of NG with two others founded Wattly Pty Ltd to use Cloud and Mobile solutions to help drive energy efficiency, renewable energy adoption, and carbon abatement and support the transition to a low carbon economy.  

Wattly focussed its efforts on the energy savings certificate industry and grew to be the largest certificate creator under the VEU for a number of years.  In 2017 Wattly acquired NG to help further grow both businesses.  For the past four years the businesses have been co-located and worked together whilst retaining separate customer segments and brands.

Wattly’s Managing Director (now Group Commercial Director), Hamish McGovern, said –

“this is a natural evolution for us.  By combining forces, we can offer customers from both businesses much more, and it really cements our position as the leading business for measurement & verification, as an innovative certificate aggregator, and as leading decarbonisation experts.  It enables us to assist our customers to reduce carbon emissions even faster than before”.

Craig Morgan (Group Managing Director),

“I am really excited about our offering for the large energy users.  We provide all the components for an end-to-end pathway to carbon neutrality from strategy to implementation.  Advisory identifies the existing carbon footprint and energy use, helps to identify ways to decarbonise and improve energy performance and advise on how energy certificate programs and carbon offsets to help fund projects. Coupled with this our understanding of the energy supply landscape, we give the customer a seamless offering to navigate this complex journey”.

Together the new Northmore Gordon offers the following across Australia and South East Asia:

Advisory services

• Carbon Strategy
• Strategic Energy Sourcing
• Measurement and Verification
• Energy Performance

Environmental Certificates

• Project Origination
• Method Selection (industrial and commercial sectors)
• Portfolio Management
• Certificate ‘bundling’ for retailer obligations or offset packages
• Forward-selling contracts

Wattly also has experience in registering over 5,000,000 certificates (~tonnes of CO2-e) from over 40,000 energy efficiency, carbon emissions reductions, and renewable energy projects.

Northmore Gordon will continue to provide ESCOs, Contractors and equipment providers with a one-stop-shop for all types of environmental certificate opportunities for specific equipment or project upgrades.

For any finance related questions please contact – certificates@northmoregordon.com

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