A new report has been released to highlight progress made by corporates on energy and sustainability.
The report analyses the global trends, barriers and opportunities affecting energy and carbon-management programmes implemented by corporates.
The study helps to understand how businesses with more than $100 million in annual revenue purchase from utilities, manage demand, use data, and develop and finance enterprise efficiency and carbon-reduction programmes.
The study reveals that:
- 50% of employees work for firms that have made public commitments to reduce energy usage and carbon and waste disposals. 28% of corporations are specific and ambitious in their goals.
- Multinational companies are nearly 10% more likely to make public commitments on energy and sustainability with European based firms leading the race ahead of North American companies.
- Access to capital is a leading barrier towards putting into practice energy and sustainability plans.
- Businesses have plenty of data, but source, quality and sharing issues continue to stunt the value of the information.
- Energy and sustainability goals are driving an increase in adoption of innovative technologies and business models including on- and offsite renewables, battery storage and electric vehicles.
- 52% of companies have onsite renewables, 40% have contracted for offsite renewables and 34% are using energy attribute certificates to address the carbon footprint of the electricity they buy and consume.
- Environmental concerns are the main drivers of energy and sustainability plans ahead of financial considerations.
- Companies collect data from almost three different sources on average (utility bills are the most common, followed by energy management systems, 52% collect from spreadsheets and only 18% gather data from IoT devices).
The study comprises the results of a survey conducted on some 299 professionals across seven industries.
To download the report, click here…