The private sector is increasingly turning to renewable energy to achieve corporate sustainability goals and companies are now pursuing a diverse range of approaches to achieve these goals. These include a growing trend toward corporate renewable power purchase agreements.
ScottMadden has identified four key factors that make up a successful corporate renewable energy programme:
A plan that aligns a company’s renewable goal and strategy with its business strategies
Consistent execution and attention to all facets of the renewable strategy
Pre-determined reporting metrics
Internal and external integration throughout business operations
These four factors create the underlying framework that supports corporate clean energy goals and the various approaches to achieve them. The programme will be iterative, and companies should refine each factor throughout the process.
“Corporate sustainably strategies hold a prominent position in today’s businesses” said Chris Vlahoplus, partner and clean tech & sustainability practice leader at ScottMadden and report co-author. “As more companies depend on corporate renewable energy programs to help achieve their sustainability goals, successful implementation of these programs is crucial.
Theresa Perry, senior associate at ScottMadden and report co-author, added that a corporate renewable energy programme should not be a separate add-on programme, but it should be integrated into the overall business vision to allow maximum cost and environmental benefit.
ScottMadden has expertise in the areas of energy, cleantech and sustainability, corporate and shared services, grid transformation and rates, regulation and planning. It offers a broad array of consulting services ranging from strategic planning through implementation across many industries, business units, and functions.
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