Clean energy appears increasingly on the corporate agenda. More awareness of climate change, emerging expectations about corporate environmental performance and advances in technology are drivers for a clean energy strategy.
The way businesses respond to the clean energy transition will determine their future. Companies will make clean energy a priority in their business strategy. Changes to meet new imperatives, such as climate change, begins with a shift in strategy.
This blog will discuss the importance of a clean energy strategy and provide examples.
Why is Clean Energy Important for Business?
We haven’t yet felt the full impact of our activities on the environment. It isn’t clear how business operations affect climate change, and we want to spare the next generation from finding out.
With our planet at stake, sustainability is at the forefront of the global agenda. Businesses that prioritise clean energy are contributing to rectifying the damage we have all been part of creating.
There are several rewards for driving sustainable goals. For instance, it supports a solid corporate reputation for leadership in causes that stakeholders, staff and customers care about the most. This is bound to reflect in long term business growth. Having a well-executed energy strategy may save businesses up to 30% on energy costs in only three years while simultaneously lowering their carbon footprint. Furthermore, the potential financial and operational benefits will extend significantly more.
Lowering our energy consumption and driving energy efficiency have wider economic benefits too. It reduces costs and encourages more innovative solutions to everyday operational issues.
Companies are starting to recognise the advantages of clean energy, but it is early days for many. Yet, a few innovative businesses have leapt and established clean energy goals.
Example of Clean Energy Business Strategies
By 2050, Equinor aims to become a net-zero company. Equinor is a Norwegian state-owned multinational energy company headquartered in Stavanger. The company incorporate their strategy – always safe, high value and low carbon – in all they do. Equinor is open with what they want to solve and the dilemmas they will face. The company aims to deliver energy without contributing to global warming.
Creating a Clean Energy Strategy for Business
Are you looking to make the first steps to clean energy in your business? If so, here are a few things to consider.
- Allocate Energy Management Responsibility
Delegate responsibility to someone within your company to manage energy efforts. Some businesses appoint an Energy Manager, while others appoint a senior executive or a consultant. Allocating energy management will convey that energy efficiency is a top priority.
- Consider Renewables and Clean Energy Technology
There are two primary methods for lowering the quantity of electricity your company purchases. The first is to reduce the amount of energy your company consumes. The second is to invest in technology that allows you to generate power on-site. Businesses that ignore this may miss out on considerable financial and environmental benefits.
- Keep Key Stakeholders Engaged
Drive real internal engagement in your company. Lead by example from the top and get buy-in from as many senior managers as possible. Make sure that you back up engagement with effective and ongoing communication throughout your company. Your employees must know and understand their role in your clean energy strategy. Get feedback from stakeholders and secure their support.
At Wellhead Electrical Supplies, we know that clean energy is the future. So, we are working with clients, suppliers and partners to contribute to a low-carbon business strategy.