The Emirates National Oil Company (ENOC) has successfully doubled its cost savings by implementing organisation-wide energy efficiency measures.
In 2015, the Dubai Government-owned company secured savings of $4.6mn compared to a targeted saving of $2.1mn.
ENOC achieved this 155% increase on the savings of $1.8mn in 2014 through significant progress it made in applying energy and resource management (ERM) strategies to its operations.
In 2008, ENOC launched a full-fledged internal ERM programme aimed at enhancing the Group’s performance in terms of energy and resource consumption.
The programme is supplemented with a detailed policy, framework and manual.
Moreover, the businesses undergo regular audits to evaluate performance, gaps and areas of improvement.
In an effort to align with the goals of the Dubai Integrated Energy Strategy (DIES) 2030, ENOC is investing $15mn in energy efficient infrastructure by the end of 2018.
“The E&RM policy has significantly improved our contribution to environmental sustainability and encouraged our businesses to adopt best practices in conserving energy resources by demonstrating the financial returns of rationalising consumption,” Saif Al Falasi, group CEO of ENOC has said.
