“Energy efficiency and renewable investments provide an opportunity to reduce energy costs, offer an effective way to deploy capital through a variety of debt financing programs, and ultimately a new avenue to improve the company’s financial position.”–Craig Van Pelt, CoreNet Global’s director,
So why do few corporations adopt energy efficiency measures? Well according to Van Pelt, there is a need to improve the alignment of increasing energy efficiency and with the strategy of the business.
Next Generation Energy Management a new report by CoreNet Global and the Rocky Mountain Institute identifies nine key factors that enable and require “next-generation energy management”.
Van Pelt also perceives a need for change in corporate perception–“Energy efficiency and renewable investments provide an opportunity to reduce energy costs, offer an effective way to deploy capital through a variety of debt financing programs, and ultimately a new avenue to improve the company’s financial position.”
Do you agree?
A recent Huffington Post article discusses the outlook on Mayor de Blasio’s possible stance on the city’s environmental and sustainability initiatives. Some of the sustainability achievements (opinion of author) made under the Bloomberg Administration: “To achieve reductions in greenhouse gasses, Bloomberg went to the largest institutions in the city: the universities, hospitals, real estate and finance industries — and got them to sign on to greenhouse gas reduction targets.” The low hanging fruit may be gone and Mayor de Blasio will have to work hard to determine the “next generation of sustainability initiatives”.
The author concludes– “Community based sustainability initiatives are the obvious next step and one that fits into the new mayor’s values and political style.”
Continuing on the theme of behavioural change from yesterday, a recent article in the Guardian analyzes how companies currently try to sell sustainability through multimedia. There findings summed up in one sentence, “If companies are going to become truly sustainable they will need not just to change their systems, supplies and products; they will also need to change the expectations and behaviour of their consumers.” @sustainly
Highlights of the analysis by Matthew Yeomans:
- Nearly half of the 475 companies studied have social media channels or campaigns dedicated to discussing their sustainability or corporate social responsibility efforts.
- Investigated how the “big 10” FMCG multinationals use their brands’ social media channels to talk sustainability.
- The 35 brands that do discuss sustainability or CSR causes reach only 162 million Facebook “fans” and 78 million of those are “fans” of one brand
“Envision takes a more holistic view of infrastructure projects, using a multi-tiered, credit-awardapproach based on resource use, operational resilience, eco-system restoration, life-cycle costs and return on investment, among other measures.”
” EPA today released its 2013 Strategic Sustainability Performance Plan that outlines actions planned over the next year to cut energy use and waste in agency operations. President Obama signed Executive Order 13514 on Federal Leadership in Environmental, Energy, and Economic Performance in October 2009, setting aggressive targets for reducing waste and pollution in Federal operations by 2020. EPA’s 2013 Sustainability Plan builds on four years of progress under the Executive Order and provides an overview of how the agency is saving taxpayer dollars, reducing carbon emissions, and saving energy.”
“Morgan Stanley Chairman and CEO James Gorman announced the establishment of the Morgan Stanley Institute for Sustainable Investing. The Institute for Sustainable Investing will pursue three focus areas: financial products and solutions that enable clients to invest in sustainability-focused strategies seeking risk-adjusted financial returns; groundbreaking thought leadership that will help mobilize capital toward sustainable investing opportunities; and strategic partnerships with the public, private and nonprofit sectors designed to build capacity and best practices within the field of scalable sustainable investing.”– Morgan Stanley
” Officials are joining hands with engineers and corporate R&D teams to improve access to essential resources like water, energy and sunlight, and increase social and environmental wellbeing by reimagining the potential of the resources they already have. …As existing resources come under pressure, there will be rewards for innovators who can stretch their applications in new directions.” —Scott Burnham