Environmental, Social and Governance (ESG)
When astute investors and a younger demographic expect action on climate change, sustainability's value is apparent. From microgrids to other onsite renewable solutions, options abound to exceed stakeholders' expectations. Reducing your footprint is smart business.
Stakeholder Pressure
Businesses are feeling rising pressure for corporate sustainability and climate action.
A lot of the energy around climate issues is being driven by the global investment community. Investors have increasingly recognized the materiality of climate risks, are trying to decarbonize their portfolios, and are engaging with their portfolio companies to ensure they're thinking about these issues. Today, investors representing over 45 trillion dollars in assets under management have pledged to take action on climate change; that's close to half of the total global assets under management. Sustainability has business value."
Celine Herweijer
Pricewaterhouse Coopers,
Global Climate Change Leader
Businesses Feel Rising Stakeholder Pressure to Address Climate Risk
Types of stakeholders applying pressure (Percentage %)
Customers Increasingly Want Businesses to Source Renewables
Agree/Strongly Agree
Our customers are demanding that we procure a certain percentage of our electricity demand from renewable sources.
My company actively publicizes the percentage of our electricity demand that is met by sourcing renewable energy.
Customer Sentiment
Younger generations are driving increased concern, looking to businesses to adopt renewables.
Onsite Generation
Onsite renewable energy generation can be an easy move for business and property owners. It offers both cost savings and carbon reduction.
Those With Onsite Generation Use Less Electricity from Providers
Percentage of supply from electricity provider in prior year:
Interest in Storage With Solar Panels is Rising
Reasons for increased interest
It will allow for greated use of solar power since I can store the electricity for a time I can use it.
I will be able to save on my electricity bill since I can store electricity and use it at a later time.
I will be able to reduce my carbon footprint.
I am concerned about outages from natural disasters or storms.
I am concerned about outages from natural disasters or storms.
Solar + Storage
The combination of solar and storage is an increasingly attractive pairing to make the most of both assets. For greater reliability, energy systems can be designed to isolate from the grid, forming a microgrid.