While still in its beginning stage, companies and investors are beginning to meld together sustainability reporting with traditional financial reporting for their companies.
Most sustainability reports contain information about the impacts and risks of sustainability strategies. But a growing movement is shaping up to push companies toward integrated reporting that combines conventional financial information along with key sustainability data.
Much of the integrated reporting model is being backed by the International Integrated Reporting Council, a global coalition of regulators, investors, companies, and NGOs.
Sustainability reporting is not likely to go away as more companies are seeing the financial benefit of implementing energy saving strategies.
“Good companies will see integrated reporting as an opportunity to communicate on and implement a sustainable strategy.”
By Gaylen Davenport
Compared to much of the world, the U.S. ranks the highest in wasting energy, according to a recent Forbes guest post written by Tom King, the president of an electric and gas company.
But the Commission on National Energy Efficiency Policy is looking to change that. The bipartisan coalition recently released Energy 2030, a plan outlining “specific, actionable policy to invest, modernize, and educate in order to double U.S. energy productivity by 2030.”
The low energy productivity – or the level of output that our economy achieves from the energy we all consume – costs U.S. businesses and households about $130 billion per year.
Cities and states around the U.S. are implementing energy efficient policies that include benchmarking and rebate programs to encourage less energy use.
“New policies that encourage utilities to meet energy efficiency goals are working. Between 2002 and 2011, states without efficiency goals exhibited an average increase in per-capita electricity consumption of 9 percent, while states with efficiency goals had a per-capita increase of only 5 percent.”
According to the American Wind Energy Association (AWEA), electricity capacity increased 40 percent in the third quarter this year compared with 2011.
“Wind energy jumped significantly because many new wind farms came online,” said AJ Simon, an LLNL energy systems analysts. “This is the result of sustained investment in wind power.”
But the growth could be deterred because Congress has yet to decide whether it will extend a 2.2-cent per kilowatt-hour tax credit for wind power production. The credit is scheduled to end Dec. 31, 2012.
While wind energy consumption rises, overall energy consumption dropped 7 percent to 97.3 quadrillion BTU, according to the LLNL. The lab credited that to a shift to more energy-efficient transportation and residential technologies.
Source: The Hill blog