We are slowly emerging from the uncertainty that brought breakthrough results for some businesses and a cautious approach for others. In December 2023, the law on sustainability reporting and sustainability due diligence obligations was introduced, affecting many, yet many still have no idea how to comply with the new ESG regulations and how it impacts them.
Let's talk a bit about energy developments. Besides being an unavoidable issue in terms of cost efficiency, a few small and large changes in company operations can bring significant results in carbon neutralization. In our previous article, we explained how to create a carbon neutrality compensation plan and the process of CO2 calculation. However, when discussing the financial aspects, many are puzzled by how much money should be invested in ESG issues to ensure it is worthwhile for the given company beyond the mandatory requirements.
The topic of energy developments is specific to each industry, but there are common denominators.
How to start?
Start small, as it is important to understand this topic within corporate culture and increase openness among employees:
Create an environment where awareness is embedded!
Corporate culture and mindset shaping:
Organize energy-saving training for employees
Initiate energy-saving initiatives and internal energy-saving programs
Involve employees in achieving energy goals
Develop energy efficiency and sustainability policies
Leadership commitment to green goals
Think long-term! Increase energy efficiency:
Optimize energy consumption, use more efficient equipment and technologies
Improve building energy efficiency, quality replacement of insulation and heat pumps
The future lies in renewable energy sources!
Instead of always using "single-use" environmentally damaging energy, why not start the renewable cycle?
Use solar energy, wind energy, and other renewable sources to reduce the use of fossil fuels
Build own energy sources, install solar panels
Don't just track your expenses in Excel! Track what causes the expenses! Implement energy monitoring systems:
Real-time energy monitoring
Data collection and analysis
Performance evaluation
Environmental awareness is not a dirty word, be the one who actually implements it, not just collects the "I did something for the environment" sticker!
Invest in environmentally conscious projects, introduce innovative technologies
Support energy R&D projects
Develop and implement new, sustainable solutions
Explore financing options, utilize government and international funding programs
Energy developments are fundamental in reducing the corporate carbon footprint because they not only reduce emissions but also provide financial benefits, increase competitiveness, and contribute to achieving sustainability goals.
Is there no advantage left to gain? The solution is obvious, as greening always means a competitive edge and better market positioning!
The regulation is in place, but adaptability within corporate culture is still quite low. With the help of experts, regulatory requirements can become clearer and associated penalties can be easily avoided. A well-informed team can also prepare for future regulations.
Comments