One in three UK energy managers say that energy issues are not being taken seriously by their bosses, according to a new report.

Siemens, who claims to show the views of 600 businesses, suggests that more than a quarter of board directors do not know what their energy management investment will be over the next three years contradicting 83% of those who believe their organisation is serious about energy management.

The report also suggests that less than half of energy managers spend 10% of their time on energy management and one in ten say they cannot afford to invest in energy management projects.

Juergen Maier, Managing Director of Siemens UK Industry Sector said: “These results do give cause for concern. Not only is the UK subject to strict legislative carbon reduction targets but many businesses are neglecting the impact that effective energy management can have on the bottom line. With significant costs attached to energy and indicators suggesting that high energy costs are here to stay, it really is in the interest of all businesses to take energy management seriously and look at the potential savings that can be achieved.”