Management and Business
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← Vol. 4, No. 1, 2026

Economic consequences of implementing sustainable energy consumption programmes in industrial companies

Olena Kilnitska

Abstract

 The aim of the study was to determine the impact of managerial and technological changes in energy use on the performance of industrial companies. The methodology was based on theoretical, empirical and comparative methods for analysing the effects of energy efficiency and sustainable energy consumption. The economic mechanisms of the impact of investments in energy efficiency were identified: reduction of specific energy costs and volatility of operating expenditure, increase in total factor productivity, and hedging of regulatory and price risks. It was emphasised that the effect is significantly enhanced by the availability of digital technologies (artificial intelligence-based energy management, predictive maintenance) and access to financing, while tight credit conditions remain a key barrier to the implementation of energy efficiency projects. It has been established that investments in energy efficiency reduce energy costs and risks, increase operational efficiency and competitiveness through modernisation and digitalisation, while limited financing and low digital maturity of enterprises remain the main obstacles. Metinvest Holding reduced its energy consumption to ≈ 8.2 billion kWh in 2024 and allocated USD 145 million to energy efficiency, Interpipe maintained the highest Earnings Before Interest, Taxes, Depreciation, and Amortisation margin of 34%, while ArcelorMittal invested ≈ USD 110 million in decarbonisation programmes. It has been found that in Ukraine, the share of renewable energy sources in production in 2024 is 8.7%, 17-18% in summer, 4-7% in winter, with profits for large/medium-sized enterprises at 776.4 → 947.3 billion UAH (+22%) and loss-making companies at ~22.1%. Ukrainian industry proved that even in crisis conditions, energy efficiency programmes ensure cost reduction, profit growth and increased sustainability of enterprises. It is advisable to implement comprehensive energy efficiency programmes – a combination of technical solutions, digital management systems and financial monitoring of savings. The results can be used by companies and government agencies to improve energy efficiency and develop sustainable energy consumption strategies, particularly in Ukraine

Keywords:
profitability; optimisation; forecasting; resource efficiency; energy productivity; hedging

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Suggested citation

Kilnitska, O. (2026). Economic consequences of implementing sustainable energy consumption programmes in industrial companies. Management and Business, 4(1), 6-15. https://doi.org/10.59214/mb/1.2026.06