Environment, social and governance (ESG) is undoubtedly at the top of the agenda for corporations and consumers in 2023. Sustainability in particular is more pressing than ever, and our goal of reaching 100% clean electricity in America by 2035 is fast approaching. Without significant change, this ambition will remain unrealized. We are all responsible for working towards this goal, however businesses have a key role to play. Recent research from the Climate Accountability Institute found that 35% of all global carbon emissions are produced by just 20 companies.
And in spite of some economic uncertainty, CEOs of most corporations are focussing on balancing the financial security and success of their businesses with ESG goals, as illustrated by Teneo’s findings. Probably because investment is the foundation of financial growth for most companies, and investors are increasingly prioritizing ESG credentials when making decisions.
Global ESG investment now exceeds $30 trillion, and a recent BlackRock survey found that for 88% of investors, the environment was the most important factor within ESG. Prioritizing ESG, particularly the sustainability element, is therefore essential to secure the best investments and the financial viability of your business.
Being environmentally responsible is also essential to recruit and maintain the strongest talent. Employees are becoming increasingly conscious of their impact on the planet, and they expect their employer to reflect this. Unily — for example — found that 65% of employees are more likely to work for a company with a strong environmental policy.
More than attracting investment and talent, certain ESG initiatives will directly save your business money and lead to a more profitable future.
Clean energy is where ESG and financial success go hand in hand.
When investing in clean energy solutions such as solar power or onsite storage / solar-based charging for employees, corporations can make significant monetary savings, whilst making a positive impact on the environment by lowering their carbon footprint. By accelerating the transition to clean energy, Enact’s technology enables corporations to enhance both the ESG and financial elements of their operations.
Our satellite-imagery powered software enables powerful analytics and experienced energy advisors design the optimum solutions to suit each individual businesses needs. We also offer a marketplace of equipment and financing options, to ensure you can choose the best products from trusted providers. Once projects are set up, Enact’s platform connects your solar and storage data to generate insights into financial performance and energy savings. Ultimately, this gives transparency on your return on investment, maximizing both energy and monetary savings.
After only a year of using Enact’s platform, one of our partners, Baxter Hotel Group, was able to save $35 thousand in electricity bills on one of their sites. This is of course associated with a significant reduction in carbon emissions and a positive impact on the environment.
Contact us today to find out more about how Enact can ensure your business meets its financial and ESG goals in 2023 and beyond.