Why Should Your Company Commit to Renewable Power?

Roughly one-third of U.S. greenhouse gas emissions come from burning fossil fuels to create electricity, according to Climate Collaborative. Using non-renewable gas, oil and coal adds to a rapidly growing carbon footprint, increases global warming and spells disaster for our fragile planet’s future.

Companies and large corporations have the ability to change this, however, by committing to transition to renewable energy in the coming months and years. Not only will this benefit our planet, but it also promises success for companies who choose to commit to it.

Reduce energy costs by producing your own energy

Utility bills are a huge expense for businesses, many of which are at the mercy of utility companies that could raise their rates at any moment. Renewable energy is an attractive alternative to electricity and the bills that come with it. Wind installations are one option, but solar panels are even better as they are more predictable, efficient and affordable.

In fact, the cost of renewable energy is dropping at an incredibly rapid rate. The total cost of developing wind power has dropped 55% in the last five years while solar energy has dropped a shocking 74%. These low prices stem from massive global investment and rapid technological advancement. And major corporations that are already using clean energy are only looking to buy more in the coming months.

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Boosting public relations

An increasing number of companies are committing to renewable power to boost public image. Smart businesses know that, in today’s world, renewable power is a source of competitive advantage. Social pressure to reduce emissions continues to rise as consumers look for ways to be involved in saving the planet. This green movement has driven a demand for green products. And companies that can sustainably create these products are winners in the public eye.

Renewable power is also reliable and predictable

Unlike coal or oil, we’ll never run out of wind or sun. This makes the cost and savings of wind and solar power quite stable. Solar panels installed on top of business structures will produce a consistent amount of energy year after year as long as they are properly maintained. This strong reliability makes budgeting easier and ensures a less volatile bottom line.

Reducing carbon emissions

Every one killowatt-hour of energy produced keeps 300 pounds of carbon out of the atmosphere. So, replacing non-renewable energy with renewable resources naturally decreases global warming emissions. And that’s good news for everyone on earth because if we’re left with more carbon than oxygen, it’s going to be a little difficult to breathe.

How Can You Commit to Renewable Power?

The first step in committing to renewable power is shifting your perspective. Take time to personally research these benefits of renewable power. Once you decide sustainable energy is worth implementing, on both an individual and global scale, you can begin to look for ways to create your own strategy.

The best way to brainstorm and execute strategy is to develop a team with specific goals in mind. This team should include members from different departments such as legal, financial, environmental, sustainability and operations. Once there is a team in place, you can begin to integrate energy into the company’s vision and operations.

The team should begin by assessing current energy impacts and how they might change them. Analyzing impact and comparing your own to competitors’ will reveal performance opportunities and gaps. The team can then develop a plan of action. Aggressive targets should reflect the degree and pace of emission reductions necessary to mitigate climate change.

Once goals are outlined, the team must create incentives for employees and consumers alike to make energy an actionable priority. From there, they can measure and manage energy usage as the company transitions from non-renewable to renewable energy sources.

Ways Businesses Can Become More Sustainable

green-economyYou’ve probably heard the word “sustainable” many times by now, but you may wonder what it has to do with your business. Sustainable business means that you’ll be you’ll be increasing the odds that you company can continue indefinitely by minimizing social and environmental impacts while ensuring financial stability.  Studies have shown that sustainable business perform better financially, including one report by nonprofit CDC, reported by The Guardian that found they secure an 18% greater return on investment (ROI) than organizations that aren’t, and 67% more than companies who refuse to. How can you help your business become more sustainable?

Think Greener in Procurement Sources

One of the best, and easiest, things you can do to make your business more sustainable is to practice environmentally-friendly procurement. Take a close look at your current suppliers and make changes as necessary by using suppliers that don’t use excessive packaging or sell products that contain substances that are harmful to the environment.

As often as possible, choose recycled items made from renewable material. Ask plenty of questions when researching various suppliers to find out where their goods are coming from, including whether the manufacturer is a sustainable business.

Whenever possible, use local suppliers, rather than purchasing online.

Seek Help from an Energy Broker

An increasing number of businesses are embracing renewable energy today. Your office can be powered with a variety of alternative sources like biomass, hydropower, geothermal, solar and wind power. There are hundreds of companies that supply energy in a myriad of different ways, affecting your bottom line and sustainability.

While there are usually a few suppliers dominating any given market, many other small suppliers are known for getting more creative in their offerings. Trying to figure out which one is best for your organization can be a very difficult task which is why using an energy broker who is knowledgeable about all the complexities that come with this sector, can best analyze the energy market to provide you with the greenest, most cost-effective options.

Reduce Water Usage

Water shortages are becoming an increasingly bigger problem in many places around the world, including North America. Whether your organization is located in a drought-stricken area or not, decreasing water use will help to conserve a valuable resource and help you save money at the same time.

Instead of using a sprinkler system to keep lush lawns around the building, switch to a drip irrigation system to significantly reduce water usage or consider changing the landscaping to something more drought tolerant. Fix plumbing leaks and dripping taps and install low-flow faucet aerators in your bathrooms.

Switch From Gas To Electricity

Electricity is much easier to source sustainably than gas and oil, especially if you use solar panels to collect energy from the sun. So by switching over some of your gas-powered company owned equipment to their electric counterparts you can ultimately help your business become more sustainable.

Some equipment to consider switching could include: switching from gas powered to electric vehicles (especially for companies that rely heavily on transportation), switching from gas-powered to electric-powered riding mowers (especially for landscaping businesses). A good electric riding mower with good user ratings will cost you a couple thousand dollars but could save you money in the long term plus make your business more sustainable.

Ideas That Could Reshape How Companies Use Energy

Recent projections show that the world’s energy demands are about to increase by close to 25% between now and 2030. Population and wealth growth are the leading factors behind the increased need for energy. Additionally, issues related to pollution and climate change are compelling companies and investors alike with respect to how they produce and use energy.

Grs a global resource solutions company offers a plethora of services that could help industries reshape and streamline their energy consumption.

Energy efficiency is playing a vital role in helping the world achieve its power needs and progress.

Increase in Fuel Prices

The prices of energy have kept rising over the years even when oil prices have dropped as was the case in 2014-2015.Such sudden fluctuations can be difficult for businesses to deal with. Also, declines in energy prices have called into question whether the efforts in energy conservation and efficiency are worth it.

According to various financial analyses, energy costs form a considerable chunk of operating expenses. Worldwide, cement, chemical, mining and metal companies, for instance, spend almost 30% of their operating budget on energy. Additionally, the percent of the budget spent on energy is higher in developing nations due to the cheap cost of labor.

Energy Efficiency

Statistics and research show that operational upgrades can cut energy consumption by approximately 20%. Nonetheless, investment in energy efficiency technologies can reduce energy usage by even 50%.

The reports and findings show that it is not a pipe dream for manufacturing entities, which account for almost half of the world’s energy usage, to meet energy requirements in a way that is environmentally friendly and economical as well. Advanced technology could substantially reduce energy usage and save companies more than six hundred billion dollars per year.

There are technologies currently in place that can help industries reduce energy use. The ideas cover a range of manufacturing and production groups like cement, mining, oil refining and chemicals. Nonetheless, firms are facing the challenge of how to put energy efficiency technology in place how to renew the technology so that it stays relevant year in and year out.

Think Circular

Consider your product to be a future source that can be used many times. In other words, when developing a product, strive to move away from the traditional linear supply chain. Take, for example, a data services provider. Put in place the think circular standard by using an analytics system to develop a facility that restructures energy to its core function. This results in more capacity and less operational expenses.

Profit Per Hour

Whenever making any changes, remember to create a comprehensive review of the full profit equation. During the study, evaluate aspects such as yield, throughput and energy. Nonetheless, profit should be of the highest priority before effecting any changes.

Think Lean

It is vital for an organization to create a resource productivity plan. Lean thinking and green thinking are based on similar principles and will blend in together well.

Think Holistic

When making changes, ensure that they not only focus on a specific aspect. Instead, you should also focus on the management system, behavior and mindsets.