INDUSTRY

Energy

The global energy transition is underway and aims to transform the energy sector to net zero-carbon by 2050.

The world is mobilizing toward managing greenhouse gas (GHG) emissions as more jurisdictions set audacious goals and strict timelines to transform their energy system and get closer to low-carbon and zero-carbon supply chains. Over the past decade, the cost of renewable energy declined exponentially due to technological advancements, large-scale deployment, and competitive supply chains. Furthermore, greater support from government policies and higher clean energy goals announced during COP26 are driving global demand, i.e., it is anticipated that by 2030, almost 40% of global demand will be powered by renewables.

The energy sector is under scrutiny by investors and stakeholders to provide greater transparency around their ESG initiatives. Many leading investors have made public statements about the importance of sustainability initiatives and reporting. Addressing ESG issues has become a must as many investors are asking for ESG strategy and reporting and they are not providing capital unless ESG requirements are met.

Many European countries and the EU itself have adopted mandatory ESG reporting requirements. Large energy companies in the US are voluntarily disclosing ESG information using frameworks such as Global Reporting Initiative (GRI), and the Sustainability Accounting Standards Board (SASB).

Although environmental performance will always remain the key focus in the energy sector, the social and governance elements of ESG are increasingly gaining attention. Issues that are increasingly top of mind for stakeholders include diversity and inclusion, protection of human rights (especially with energy companies that operate globally), occupational health and safety, impact on local communities and indigenous relations and linking executive remuneration to ESG performance targets.

Energy companies are in a quest for new growth opportunities and assessing alternative business models to become greener. Our team of experts at EcoSolver provide the following services across different stages of ESG transformation journey:

Integrate ESG principles in business strategy to drive revenue growth, identify value creation opportunities, mitigate risks, and create a sustainable competitive advantage

Conduct stakeholder analysis and engagement to identify material issues

Analyze the environmental and social impacts across the value chain to identify risk exposures and improve operational performance

Provide insights on changes in policies and regulation within the sector

Develop and implement ESG and decarbonization strategies

Benchmark, analyze the competitive landscape and trends in the market

Support in developing effective ESG reporting using frameworks such as GRI, SASB, IIRC, TCFD for disclosure and to increase transparency

Let's partner up for a sustainable future

Our Services

Assessment

Assessment

A resilient and impactful sustainability strategy must begin with a comprehensive assessment of your organization. This will gauge your readiness to make the transition to a more sustainable business model. The Assessment helps you understand where to start and what to focus on to get the most out of your sustainability efforts.
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Strategy & Planning

Strategy & Planning

No matter where you are on your journey to become a sustainability leader, we are here to work with you in developing an impactful strategy and implementation plan and reaping the benefits of the transformation.
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Implementation & Involvement

Implementation & Involvement

Delivering on sustainability strategy relies on the engagement of all the stakeholders. At EcoSolver, we provide expertise, resources and training to educate, onboard and engage stakeholders and provide what is required to communicate your plans to various audiences and deliver the change.
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Reporting

Reporting

Sustainability reporting is a regulatory requirement and an important stakeholders expectation. We identify, design and develop comprehensive sustainability reports that communicate your sustainability vision and showcase your activities and achievements to create brand awareness and stakeholder engagement.
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Education Template