Managing environmental, social, and governance (ESG) issues is critical for power companies. Not only are investors, customers, and other stakeholders demanding lower carbon emissions, but companies that are not taking a holistic approach to sustainability will also fall behind.
Recent events have shown that those power companies without a credible ESG plan will face a backlash in the courts, boardrooms, and the public arena. This trend will intensify in the coming decade. Power companies bear much responsibility for climate change and its resulting social effects. Those that can prove they are doing something about it – not just greenwashing – will emerge as leaders.
Leading power companies in ESG
Investment in renewable, low-carbon generation methods has become much easier due to significant reductions in price, especially in offshore wind. Leaders in the power industry are reducing exposure to fossil fuel generation and replacing it with low-carbon sources. At the consumer level, more individuals now want to power their homes and businesses with renewable power. Not only does renewable generation improve sustainability credentials, but it is also beginning to improve revenues.
Leading adopters of ESG in the energy sector include Iberdrola, EDF, Orsted, Vestas, NextEra Energy, Enel, EDF, NRG, NextEra, National Grid, and Iberdrola.
Discover the leading ESG companies in power
Using its experience in the sector, Energy Monitor has listed some of the leading companies providing products and services related to ESG in the power sector.
The information provided in the download document is drafted for power executives and technology leaders involved in power ESG solutions.
The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchase or hiring decisions.
Amongst the leading providers of environmental services to the power sector are Arup, Mott MacDonald and AECOM.