Written By Correy Pelletier
In today’s ever-changing financial environment, there are many criteria investors look at in considering their next move, environmental, social, and corporate governance. The environmental part is how the company affects the environment through energy use, waste, pollution, natural resource conservation, and treatment of animals. ESG can also be used for a company when it might face any environmental risks, then what the company will do to manage those risks.
Businesses affect the environment with pollution and deforestation and investors look at how their investments are affecting the environment. Companies or investors should be looking at how the business affects the environment. New environmentally conscious rules and policies are being put in place by the government and companies. The laws are changing to catch up with new environmental policies and many companies are choosing to adhere to more rigid standards in order to keep up.
Companies’ carbon footprints and emissions are driving them to aim for net-zero carbon and set themselves apart from their competition. Nuveen, a leading global investment manager, plans to be net-zero carbon by 2040. They are focusing on clean energy and the energy-efficient market. The company and its borrowers get a net reduction in operating costs through the utility savings and there are environmental benefits too, with lower carbon emissions.
There are now companies whose sole purpose is to help companies improve their ESG compliance, such as Navex Global. They look at multiple factors, such as sustainability and sourcing, as well as financial factors which come into play. These programs are a great approach, but you can start smaller when considering the environmental side of the ESG guidelines by using energy-efficient lighting or renewable resources. Another change companies can make is the switch to solar lighting.
When considering the most cost-effective changes you can make, while keeping an eye on the initial costs of implementing those changes, solar technology is a great thing to begin the journey towards clean energy. Lighting is a necessity and solar lamps are an easy switch to make without making any substantial changes by merely replacing traditional lighting equipment with the solar alternative. Another simple addition that can be made to any business, regardless of the field is the use of solar panels. After a simple setup, these panels can absorb and store power, which then can be used to run a multitude of necessary equipment. Your company will greatly impact the environment. Many businesses mistakenly believe that the transition to solar energy has to be a drastic event, one that will be prohibitive, both in cost and time, but this does not have to be the case. Small changes, made progressively, can make a big impact.
One of the companies using solar panels is Amazon, an e-commerce corporation, has 32 rooftop solar systems in the United States, which span over the warehouse roofs. And in 2019, their installations offset the carbon emissions of more than 200 million miles of truck deliveries.
Another company investing in solar panels is Starbucks. As of April 2017, Starbucks invested in a 149,000-panel solar installation in Robeson County, North Carolina.
Deelat is also working to put solar street lights in cities and towns across the United States, Europe, Australia, and Canada. There are some costly setbacks for municipal governments, such as installation labor costs and purchasing solar lighting equipment. These costs and regulations can be helped and worked by cleantech companies developing projects in those cities. These projects can be pushed by civilian action and representatives focusing on the issues of solar power and clean energy. Deelat has a multitude of solar street lights, solar landscape lighting, and solar products on our website.