{"id":4280,"date":"2024-10-11T11:06:21","date_gmt":"2024-10-11T11:06:21","guid":{"rendered":"https:\/\/sdgnews.com\/?p=4280"},"modified":"2024-10-11T11:07:23","modified_gmt":"2024-10-11T11:07:23","slug":"guest-post-corporate-renewable-energy-strategies-a-key-building-block-for-global-decarbonization-energy-equity","status":"publish","type":"post","link":"https:\/\/sdgnews.com\/es\/guest-post-corporate-renewable-energy-strategies-a-key-building-block-for-global-decarbonization-energy-equity\/","title":{"rendered":"Guest Post: Corporate Renewable Energy Strategies – A Key Building Block for Global Decarbonization & Energy Equity"},"content":{"rendered":"\n

By:<\/em> Charles Benisch, Senior Director of Renewable Advisory at\u00a0<\/em>ENGIE Impact<\/strong><\/em><\/a><\/p>\n\n\n\n

Renewable energy assets are surging across the globe at record rates<\/a> bolstered by emissions reduction commitments and historic growth in energy demand<\/a>. <\/p>\n\n\n\n

At this crucial crossroads of energy growth and climate change mitigation efforts, corporations across all industries must assess and prioritize renewable energy strategies. Businesses that adopt actionable, comprehensive renewable energy plans<\/a> can make measurable progress toward their climate commitments without adversely impacting their bottom line. <\/p>\n\n\n\n

Short-term tactics with long-term benefits <\/strong><\/h3>\n\n\n\n

Every company\u2019s renewable energy strategy is unique. But when sustainability and financial goals clash, these three tactics can align everyone.<\/p>\n\n\n\n

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  1. Prioritize renewable energy tactics with clear cost reduction benefits.<\/span> Executives, investors and other financial decision-makers may be unwilling to sign off on plans that voluntarily increase costs, no matter how beneficial they might be from an environmental, social, and governance (ESG) perspective. When keeping costs low is a priority, consider approachesthat deliver cost reductions, like community solar subscriptions, or even drive earnings, like renewable energy tax credits.  
    <\/li>\n\n\n\n
  2. Frame decisions in terms of mitigating long-term risks<\/span>. Companies today can face bothshort-term legal risks and long-term energy cost risks if they don\u2019t monitor trends and plan accordingly. Instances of litigation over corporate \u201cgreenwashing\u201d andmisrepresentation of climate impacts is on the rise \u2013 investing in renewable energy purchases can mitigate these risks and offer a less costly path to sustainability. Additionally, growing electricity demand could expose companies with considerable energy costs to volatility and price risks. By monitoring market projections and exploring options that can limit exposure to these risks, like renewable energy contracts, companies can stay profitable while also make progress toward climate goals. 
    <\/li>\n\n\n\n
  3. Bridge resource and knowledge gaps<\/span>. At large corporations where teams might be siloed and unaware of shared goals or collaboration opportunities, knowledge and resource sharing processes must be established. When sustainability teams become more fluent in corporate finance and finance teams become more fluent in sustainability, it becomes easier to balance the pros and cons of cost, emissions reduction, risk management, and other factors to find renewable energy strategies that align with everyone\u2019s goals. <\/li>\n<\/ol>\n\n\n\n

    <\/p>\n\n\n\n

    Charting a course for global sustainability <\/strong><\/h3>\n\n\n\n

    While it might seem daunting, it\u2019s possible to establish a cohesive renewable energy plan that puts a company on track to reach its climate goals without compromising its bottom line. As more companies bridge these gaps and share their successes, they are also establishing a playbook for global corporate sustainability that prioritizes key energy transition metrics within the UN\u2019s Sustainable Development Goals (SDG) like inclusivity, affordability and reliability. <\/p>\n\n\n\t\t

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