Development of balanced indicators system for the strategy of using energy from renewable sources in industrial enterprise

Abstract

Introduction. Implementation of renewable energy resources on manufacturing enterprises is a big challenge in Ukraine. The Energy Strategy of Ukraine has an ambitious goal to reach 25% of renewable energy in national energy balance. Manufacturing enterprises play important role in realization of this strategy as far as they are the biggest consumers of energy. Obviously they need corresponding tools to implement renewable energy in the production activity. Energy controlling is a theoretical concept and practical instrument for management control in energy sector. Balanced scorecards (BSC) are controlling’s tool and can be used not only for analytical activities, but also for implementation of renewable energy strategy on manufacturing enterprise. The purpose of the paper is formation of balanced scorecard for implementation of renewable energy strategy on manufacturing enterprise. The methodology of research covers theoretical basis of energy efficient production and D. Norton & R. Kaplan’s approach to development of BSC; survey of top managers in energy sectors of industrial enterprises. Results. Energy controlling is a new direction in development of controlling concept that is often called “management control” in the English speaking research area. The paper analyzed its theoretical basis and practical experience with the focus on renewable energy. The BSC is a successful tool for effective implementation of different strategies on enterprise as well as it is often used for analytical work. The paper proposes to use BSC’s for implementation of renewable energy strategy developed both the scheme of strategic initiatives and the template of BSC to achieve the goal of improving the renewable energy efficiency in the production activities of industrial enterprises. Conclusion. Energy controlling has the potential to contribute to improving the economic efficiency of renewable energy systems. Besides, it can make them transparent, profitable and manageable. The corresponding BCS can be developed for every company that is interested in implementation of renewable energy in production activity. The BSC sets strategic goals for promoting and enhancing the efficiency of the renewable energy system and controls the progress along the roadmap towards the strategic goals.