Arthur Lam, founder of energy management consultancy Synergy Group, offers straightforward advice to help the environment as well as your bottom line
Generation T lister Arthur Lam is a leader in the field of sustainability and energy management. The company he founded in 2009, Synergy Group, is one of Asia’s foremost providers of energy saving solutions, helping businesses become more sustainable in over 20 markets. In 2015, Synergy Group became the first energy service company to be listed on the Hong Kong Stock Exchange.
We asked the sustainability maven for his advice on how to best achieve what he describes as the ultimate “win-win”—reducing energy bills while also helping the environment—whatever the size of your company.
Identify your biggest waste areas
The first part is to identify areas in your company where there’s most energy waste. What is your biggest contributor of energy consumption? Identify it and figure out exactly what’s going on. For offices, the biggest waste areas are usually paper and electricity.
The Hong Kong government recently mandated that every listed company has to issue a sustainability report each year, starting at the end of 2017, so that will help listed companies measure their energy usage.
Engage everyone in the company
Make sure you have support from top to bottom. To achieve sustainability, you have to engage everyone and communicate with key stakeholders. The CEO of the company has to drive the initiative and communicate their vision to the managers, and the managers work with their staff to implement the strategy – to look for different vendors, different solutions and review best practices.
The CEO probably doesn’t know how the company is burning through electricity because everything [they look at] is on the line, in the financial statement. It’s the engineers, the technicians, who actually know the day-to-day [energy uses]. So the message has to be very clear and passed down by the CEO: “I want to cut X per cent of energy usage by next year – so go figure it out.”