Can Energy Management Systems Improve the Performance of Industrial Enterprises?

Abstract

At present, China is the world's largest energy consuming country and industrial manufacturing country, especially industrial enterprises are the main energy consumers. The steel industry occupies an important position in China's national economy, and has the characteristics of high energy consumption, high pollution and high emissions. Therefore, based on the perspective of energy management, this paper selects 54 large-scale steel companies from China Iron and Steel Association from 2009 to 2017 as a sample, and applies the SBM super-efficiency model that includes undesired output and the differences-in-differences (DID) method to explore the impact of companies implementing energy management systems on corporate performance. The empirical results show that: the implementation of energy management system has a positive impact on enterprise performance. Moreover, the impact of energy management system on economic performance is greater than that on environmental performance. Through the analysis of regional heterogeneity and ownership heterogeneity, it is further found that the implementation of energy management system in eastern region enterprises and stateowned enterprises has a more obvious impact on enterprise performance. The results of this paper can encourage those managers who want to apply energy management system in enterprises to achieve sustainable development, so as to improve the efficiency and results of energy management.

Impact of energy management systems, pro-environmental energy consumption, and awareness on performance outcomes: a serial mediated-moderated modeling with PLS-SEM

“…In other words, the relationship between EMS and firm performance can be explained by PEC and PECP.Past research showed that EMS impact on economic performance is higher than environmental performance. The study fails to explain the underlying mechanism on how and why high performance is attained (Liu et al [49]). The logic in this relationship suggests that firm EMS encourage and facilitate the consumption of ecofriendly energy sources in production and manufacturing processes.…”

“…Third, our finding suggests that PEC has a positive and significant effect on PECP, which implies that as PEC increases, PECP also increases. In the past, research found that implementing EMS and related standards, firms tend to engage in efficient production activities and industrial energy usage, which could be translated as pro-environmental, which is further translated into pro-environmental performance (Liu et al [49]). The logic is that managers and firms promote energy cost systems, advocate for carbon emission and smart energy usage in form of pro-environmental energy consumption to exploit the economic benefits.…”

Energy and Environmental Assessment of Steam Management Optimization in an Ethylene Plant

“…Around 40% of industrial emissions can be attributed to the production of energies and media consumed in production processes [3,4]. Electricity and steam production, distribution, and consumption systems are ideal candidates for design and operation optimization [5,6] within the scope of energy management systems implementation [7,8]. The drivers of such activities include several technical and nontechnical aspects, such as sustainable industrial production [9][10][11], labeling of products as 'green' [12], increasing price of carbon emissions [13,14], as well as the persistent need 2 of 17 for an increase in production efficiency [15] to remain innovative and competitive on the market [16,17] and to comply with the legislation [18].…”