Most industrial and commercial organizations have implemented an environmental social and governance (ESG) policy. Typically, a significant portion of these ESG policies are dedicated to climate change and reducing the organization's impact on the environment – e.g., carbon reduction or neutrality commitments by a certain date. Most ESG policies establish oversight committees to ensure the approved policies and targets are science-based and integrated into the organization's underlying business operations.
Once an organization has approved a sustainability policy – the inevitable next questions are – how do we start implementing these policies and realizing these environmental objectives?
The energy sustainability sector is a vast space that is continuously expanding. Today, there are several methods to "green" your energy portfolio, including behavioral change, carbon offsets, green energy, power purchase agreements (PPAs), and virtual power purchase agreements (VPPAs).
Review internal processes and activities - institute greener or more efficient alternatives.
Identify, quantify, and price carbon offsets or RECs, GOs, GECs, I-RECs, and REGOs.
Purchase certified green energy from licensed energy provider using traditional supply contract.
Identify and assess renewable generators, develop RFP, analyze responses, and assist with negotiation of on-site or off-site PPA supply agreement.
Identify and assess renewable generators, assess market correlations, assist with the negotiation of VPPA agreement, and monitor monthly settlements
Implementing any of these strategies requires a material investment of both time and resources as well as a certain level of industry expertise. Moreover, each of these techniques has a distinct carbon emissions and operational impact which must be carefully assessed against an organization's ESG policies and corporate priorities to ensure alignment.
NUS's team of subject matter and local market experts can help you develop a detailed and actionable sustainability plan to reduce your direct and indirect carbon emissions and achieve your sustainability goals. Where NUS is providing other services to your organization - invoice and data management, energy information systems, procurement, risk management, budgeting, we will leverage our operational knowledge of your business to enhance and extend your sustainability strategy.
Once NUS has helped construct and implement your carbon reduction strategy, we can track its impact on your emissions profile and also support complying with local sustainability regulations (SECR) and voluntary disclosure platforms like CDP and Energy Star.