The Influence of Organizational Factors on the Adoption of Energy Efficiency Measures in Companies
Published Online: Jun 30, 2023
Page range: 41 - 49
Received: Apr 01, 2023
Accepted: May 01, 2023
DOI: https://doi.org/10.2478/ngoe-2023-0010
Keywords
© 2023 Aleksandar Vučković et al., published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
This paper aims to research the organizational factors influencing the implementation of energy efficiency measures in companies. The analysis was performed on a sample of companies from Serbia included in the World Bank Enterprise Survey. The raw data collected by the World Bank were utilized to analyze the correlation between various organizational factors and the adoption of energy efficiency measures. The analysis revealed a statistically significant correlation between management maturity and the implementation of energy efficiency measures in companies. These findings suggest that improving energy efficiency is not an isolated process but rather closely related to the maturity of management practices, highlighting the importance of comprehensive organizational development for achieving optimal energy management.