Moving Towards Sustainable Energy Management Solution: Navigating the Readiness of Bangladesh to Implement ISO 50001

Objective: As global energy demands rise and climate concerns intensify, sustainable energy management has become crucial in today’s competitive economic landscape. While Bangladesh has made significant progress in economic development, it faces significant challenges due to resource constraints and climate change. To sustain its economic momentum, Bangladesh must address these challenges through effective energy management and the adoption of sustainable practices. ISO 50001 is a widely recognized and effective energy management tool crucial for sustainable growth and resilience. However, Bangladesh has not yet adopted this standard. Given this situation, the study intends to assess the readiness of Bangladesh in implementing ISO 50001. Theoretical Framework: The application of gap analysis and questionnaire survey of this study demonstrates a methodological approach to understand the initial readiness of Bangladesh towards ISO 50001. Complementarily, this framework contributes to a comprehensive understanding of improvement required for energy management to mitigate climate challenges within the region. Method: It involves a gap analysis using a checklist-based questionnaire survey aligned with ISO 50001 requirements. Results and Discussion: The results indicate that Bangladesh has significant potential to implement this energy management system, with an overall readiness score of 74%. However, improvements are needed in Leadership, Support, and Performance Evaluation. Research Implications: This study serves as an exploratory analysis to highlight initial perceptions of readiness and areas for improvement. Originality/Value: The study offers valuable insights for policymakers, industry stakeholders, and practitioners, helping guide strategic planning and future research to enhance energy performance and sustainability in Bangladesh.