- The document summarizes a conference on developing global standards for corporate sustainability and energy usage reporting.
- Currently there are no universal reporting standards, similar to GAAP for financials, making it hard to compare sustainability efforts.
- A global academic team aims to contribute by reviewing energy reporting with the Global Reporting Initiative and Carbon Disclosure Project standards and proposing solutions to standardize energy reporting for all companies.
- Their methodology will define, benchmark, and analyze corporate energy usage according to the exacting GRI and CDP standards to educate stakeholders and enhance standardized global corporate reporting.
The Multiple Benefits of Energy Efficiency: An overview - Nina Campbell, Dat...SustainableEnergyAut
Presentation on The Multiple Benefits of Energy Efficiency: An overview by Nina Campbell, Databuild Research & Solutions at the Unlocking the energy Efficiency Opportunity report launch 2015.
The seminar presented new insights including the scale of the energy efficiency opportunity; the costs and benefits of 2020 target achievement; and policy options based on a new analysis of investor behaviour and decision-making.
The launch of the report was accompanied by presentations from exemplar projects from the SEAI energy efficiency programmes and a panel discussion exploring how we might accelerate the pace of retrofit in Ireland. New insights into the attitudes of investors was presented and the multiple benefits of energy efficiency explored.
Changing the tyre while we’re driving: evolving a model at the same time as i...IEA-ETSAP
Changing the tyre while we’re driving: evolving a model at the same time as it is being used for live policymaking.
Mr. Andrew Smith, MaREI, University College Cork
The Multiple Benefits of Energy Efficiency: An overview - Nina Campbell, Dat...SustainableEnergyAut
Presentation on The Multiple Benefits of Energy Efficiency: An overview by Nina Campbell, Databuild Research & Solutions at the Unlocking the energy Efficiency Opportunity report launch 2015.
The seminar presented new insights including the scale of the energy efficiency opportunity; the costs and benefits of 2020 target achievement; and policy options based on a new analysis of investor behaviour and decision-making.
The launch of the report was accompanied by presentations from exemplar projects from the SEAI energy efficiency programmes and a panel discussion exploring how we might accelerate the pace of retrofit in Ireland. New insights into the attitudes of investors was presented and the multiple benefits of energy efficiency explored.
Changing the tyre while we’re driving: evolving a model at the same time as i...IEA-ETSAP
Changing the tyre while we’re driving: evolving a model at the same time as it is being used for live policymaking.
Mr. Andrew Smith, MaREI, University College Cork
Energy efficiency is often regarded as the fastest and most
accessible means to achieve sustainability and reduce energy
costs. Using a framework developed from semi-structured
interviews of business owners, staff and personnel, this
presentation will analyze the relevance of various barriers to
energy efficiency experienced by commercial and small
industrial businesses across 7 industrial parks in the Upper
Peninsula of Michigan.
Preliminary analysis indicates that high energy costs in the
region pose a significant barrier to business expansion and
workforce development. To address this, the presentation will
also make specific technical and policy recommendations for
regional planners, showing how advancing energy efficiency
helps support local economic development and business
retention.
Sitra commissioned Ecofys to describe the science-based targets methodology and to provide information about the process. This report explains why and how companies can set their own science-based emission reduction targets and show the benefits at company level. In connection to this report, two leading Finnish companies have demonstrated, how the process works and what kind of benefits they have gained by setting science-based targets.
Energy-intensive industries – energy efficiency policies and evaluationsLeonardo ENERGY
The webinar will review results from academic evaluations of energy efficiency and climate mitigation policies that have targeted energy-intensive industry on EU and Member State level. The EU emissions trading system, by some portrayed as Europe´s flagship policy to tackle climate change, has had little effect in triggering innovative low-carbon solutions. Other policy approaches taken by Member States have centred on site-level energy management practices linked with national incentives and obligations that stimulates industrial energy efficiency as a strategy aiming at multiple objectives. Remarks are also made about policy design and the role of evaluation to foster policy improvements.
Suggested reading: Stenqvist, C. (2013). Industrial energy efficiency improvement - the role of policy and evaluation. Doctoral dissertation. Lund: Lund University.
Speakers for this webinar: Christian Stenqvist
Energy Efficiency Obligations – A Toolkit for successLeonardo ENERGY
Energy Efficiency Obligations (EEOs) are a strong driver of energy savings in Europe and around the world. Many Member States have chosen EEOs as an important policy to support compli-ance with Article 7 of the Energy Efficiency Directive. This webinar draws on the recently pub-lished “Toolkit for Energy Efficiency Obligations” to discuss elements of EEO design, and specif-ically to answer: What are the main considerations for designing, implementing, and (over time) improving EEOs? What are examples of best practices that have led to successful schemes? And what are some of the most frequent barriers and how might they be over-come?
Presentation on Climate Action, Environment, Resource Efficiency and Raw Materials by Laura Burke, EPA DG, given at Session 1 at EPA H2020 SC5 Info Day 7.10.16
What New EU Reporting Standards Mean for North AmericaGreenBiz Group
Significant changes are coming to sustainability reporting in Europe. From 2022, the Corporate Sustainability Reporting Directive (CSRD) will bring in mandatory ESG disclosure for all large or listed companies operating in the EU – expanding current non-financial reporting requirements from 11,000 companies to more than 50,000. As a result, many North American companies who do business in the EU will be included. This session will review the incoming changes and updates on the new sustainability reporting standards that will apply, for which GRI has been appointed by the European Commission to co-construct. Requiring double-materiality reporting of impacts and building on the widespread adoption of the GRI Standards, these developments will have a significant role in the global convergence of sustainability reporting.
Currently, businesses have access to robust information on physical water risk through resources such as the Aqueduct Water Risk Atlas — but there is no similar resource to assess the conditions around public water management.
World Resources Institute, Pacific Institute, and the UN Global Compact CEO Water Mandate are working with businesses to develop a database on public water management in the U.S. and Mexico.
Learn more: https://www.wri.org/events/2020/03/webinar-public-water-management-forum
Executive Procurement Roundtable - Sustainability in ProcurementRoland Berger
Presentation about the dimensions of sustainability, their impact on procurement and supply chain, the evolution of sustainability in the supply chain and the four main action areas for CPO's.
The goals of the Paris Agreement cannot be met without transformative changes in the agriculture sector.
Learn more: https://www.wri.org/events/2020/04/webinar-enhancing-ndcs-agriculture-sector
The IEA Energy Efficiency Market report - What it means for DSMLeonardo ENERGY
The Energy Efficiency Market Report is the IEA’s flagship report on energy efficiency trends around the world.
Questions addressed in this year’s report include: Are we improving energy efficiency fast enough to achieve our climate goals? Which countries and policies are having the greatest impact and what is the secret to their success? How much is being invested in energy efficiency globally, in specific regions and in the main energy-consuming sectors? How are low energy prices impacting energy efficiency investments? What are the multiple benefits of energy efficiency for the climate, energy security and public budgets? What are the market trends for energy efficiency services and financing?
Speaker for this webinar: Tyler Bryant
Energy efficiency is often regarded as the fastest and most
accessible means to achieve sustainability and reduce energy
costs. Using a framework developed from semi-structured
interviews of business owners, staff and personnel, this
presentation will analyze the relevance of various barriers to
energy efficiency experienced by commercial and small
industrial businesses across 7 industrial parks in the Upper
Peninsula of Michigan.
Preliminary analysis indicates that high energy costs in the
region pose a significant barrier to business expansion and
workforce development. To address this, the presentation will
also make specific technical and policy recommendations for
regional planners, showing how advancing energy efficiency
helps support local economic development and business
retention.
Sitra commissioned Ecofys to describe the science-based targets methodology and to provide information about the process. This report explains why and how companies can set their own science-based emission reduction targets and show the benefits at company level. In connection to this report, two leading Finnish companies have demonstrated, how the process works and what kind of benefits they have gained by setting science-based targets.
Energy-intensive industries – energy efficiency policies and evaluationsLeonardo ENERGY
The webinar will review results from academic evaluations of energy efficiency and climate mitigation policies that have targeted energy-intensive industry on EU and Member State level. The EU emissions trading system, by some portrayed as Europe´s flagship policy to tackle climate change, has had little effect in triggering innovative low-carbon solutions. Other policy approaches taken by Member States have centred on site-level energy management practices linked with national incentives and obligations that stimulates industrial energy efficiency as a strategy aiming at multiple objectives. Remarks are also made about policy design and the role of evaluation to foster policy improvements.
Suggested reading: Stenqvist, C. (2013). Industrial energy efficiency improvement - the role of policy and evaluation. Doctoral dissertation. Lund: Lund University.
Speakers for this webinar: Christian Stenqvist
Energy Efficiency Obligations – A Toolkit for successLeonardo ENERGY
Energy Efficiency Obligations (EEOs) are a strong driver of energy savings in Europe and around the world. Many Member States have chosen EEOs as an important policy to support compli-ance with Article 7 of the Energy Efficiency Directive. This webinar draws on the recently pub-lished “Toolkit for Energy Efficiency Obligations” to discuss elements of EEO design, and specif-ically to answer: What are the main considerations for designing, implementing, and (over time) improving EEOs? What are examples of best practices that have led to successful schemes? And what are some of the most frequent barriers and how might they be over-come?
Presentation on Climate Action, Environment, Resource Efficiency and Raw Materials by Laura Burke, EPA DG, given at Session 1 at EPA H2020 SC5 Info Day 7.10.16
What New EU Reporting Standards Mean for North AmericaGreenBiz Group
Significant changes are coming to sustainability reporting in Europe. From 2022, the Corporate Sustainability Reporting Directive (CSRD) will bring in mandatory ESG disclosure for all large or listed companies operating in the EU – expanding current non-financial reporting requirements from 11,000 companies to more than 50,000. As a result, many North American companies who do business in the EU will be included. This session will review the incoming changes and updates on the new sustainability reporting standards that will apply, for which GRI has been appointed by the European Commission to co-construct. Requiring double-materiality reporting of impacts and building on the widespread adoption of the GRI Standards, these developments will have a significant role in the global convergence of sustainability reporting.
Currently, businesses have access to robust information on physical water risk through resources such as the Aqueduct Water Risk Atlas — but there is no similar resource to assess the conditions around public water management.
World Resources Institute, Pacific Institute, and the UN Global Compact CEO Water Mandate are working with businesses to develop a database on public water management in the U.S. and Mexico.
Learn more: https://www.wri.org/events/2020/03/webinar-public-water-management-forum
Executive Procurement Roundtable - Sustainability in ProcurementRoland Berger
Presentation about the dimensions of sustainability, their impact on procurement and supply chain, the evolution of sustainability in the supply chain and the four main action areas for CPO's.
The goals of the Paris Agreement cannot be met without transformative changes in the agriculture sector.
Learn more: https://www.wri.org/events/2020/04/webinar-enhancing-ndcs-agriculture-sector
The IEA Energy Efficiency Market report - What it means for DSMLeonardo ENERGY
The Energy Efficiency Market Report is the IEA’s flagship report on energy efficiency trends around the world.
Questions addressed in this year’s report include: Are we improving energy efficiency fast enough to achieve our climate goals? Which countries and policies are having the greatest impact and what is the secret to their success? How much is being invested in energy efficiency globally, in specific regions and in the main energy-consuming sectors? How are low energy prices impacting energy efficiency investments? What are the multiple benefits of energy efficiency for the climate, energy security and public budgets? What are the market trends for energy efficiency services and financing?
Speaker for this webinar: Tyler Bryant
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party StandardsLeon Pulman
Recent research finds that organizations have more success on energy and sustainability initiatives when they set public goals. But with so many options available, how do you determine which goals will drive the greatest value for your organization? And against what criteria should you assess them?
Our goals primer eBook summarizes the top global, third-party benchmarking standards and recommends how to choose the right one to accelerate your energy and sustainability ambitions.
Sustainability goal setting guide to 7 top third party standardsJackson Seng
Recent research finds that organizations have more success on energy and sustainability initiatives when they set public goals. But with so many options available, how do you determine which goals will drive the greatest value for your organization? And against what criteria should you assess them?
Our goals primer eBook summarizes the top global, third-party benchmarking standards and recommends how to choose the right one to accelerate your energy and sustainability ambitions.
Taking Stock – 40 years of Industrial Energy AuditsLeonardo ENERGY
Industrial energy audits were amongst the first energy efficiency policy measures developed in response to the oil shocks of the 1970s. Since then they have become enormously popular in industrialised economies. In the EU they are mandatory for large organisations under the EU Energy Efficiency Directive. Developing countries are considering them as they scale up their own climate programmes.
So interest in audits can only grow. But, from a policy-maker’s perspective, do they work? How do they work? How could they work for me? Certainly, in principle, audits are extremely important because they get to the heart of how a company uses energy. But after 40 years, the scientific literature on audits is large and complex and difficult for the non-specialist policy-maker to wade though.
This webinar tell the story of audits in a way designed to cut through this complexity. It recounts the history of audits and sets out why they are important. It sets out some of the main features of successful audit programmes, and, from the practical experience of the speaker, how to go about putting one together. It then considers the main problems with audits and how these can be addressed. Finally the talk will look ahead to see how audits might evolve in the near future.
Taking Stock – 40 years of Industrial Energy Audits Leonardo ENERGY
Industrial energy audits were amongst the first energy efficiency policy measures developed in response to the oil shocks of the 1970s. Since then they have become enormously popular in industrialised economies. In the EU they are mandatory for large organisations under the EU Energy Efficiency Directive. Developing countries are considering them as they scale up their own climate programmes.
So interest in audits can only grow. But, from a policy-maker’s perspective, do they work? How do they work? How could they work for me? Certainly, in principle, audits are extremely important because they get to the heart of how a company uses energy. But after 40 years, the scientific literature on audits is large and complex and difficult for the non-specialist policy-maker to wade though.
This webinar tell the story of audits in a way designed to cut through this complexity. It recounts the history of audits and sets out why they are important. It sets out some of the main features of successful audit programmes, and, from the practical experience of the speaker, how to go about putting one together. It then considers the main problems with audits and how these can be addressed. Finally the talk will look ahead to see how audits might evolve in the near future.
The impact of Social Environmental Governance disclosure for investors: closi...Ardea International
How do investors use environmental social governance information? What investor led initiatives exist? What are the barriers? What are the trends in reporting?
Leading player in Energy and Sustainability Services
Led more than 500 sustainability service offerings( CSR, EIAs, LCAs, CDM, Environmental Finance etc.)
Sectors( Energy and Infrastructure, Mines and Metals, Manufacturing, Habitats, Forestry, Agriculture) and
Geographies (India, Srilanka, Thailand, Philippines, Indonesia, Nigeria, Kenya, Tanzania)
Clients (Governments, Multilaterals, UN, Business groups, NGOs)
Delivered more than 500 million USD benefits to clients
Operating across India, South East Asia and Africa
Evaluating the UK’s Energy Savings Opportunity SchemeLeonardo ENERGY
In 2014, the UK introduced the Energy Savings Opportunity Scheme (ESOS) to implement requirements under the Energy Efficiency Directive. We will present the methodology used in the evaluation and our key findings. We will end with a broader discussion on policies to expand business energy efficiency.
Investors can use this guide to: Decide whether energy productivity is a material issue for any portfolio companies; Prioritise and shortlist sectors or companies for engagement on energy issues; Access supporting information (including industry
examples) for engagement or discussions with companies; Support improved financial returns for portfolio companies through pursuing opportunities for their energy productivity improvement
"Greenhouse Gas Protocol Corporate Standard, by World Resources Institute and World Business Council for Sustainable Development, March 2014." 2012, MIT.
In this webinar, experts shared tools and research relevant to fashion companies seeking to address their environmental impacts.
Learn more: https://www.wri.org/events/2019/07/accelerated-ambition-wri-resources-apparel-companies
Accelerated Ambition: WRI Resources for Apparel Companies
Nys Annual Energy Conference
1. Advanced Energy Conference 2010
New York Hilton, NYC – November 8, 2010
Methodology on a Global Reporting Initiative:
Defining, Benchmarking & Analyzing
Corporate Energy Usage
Dr. Andes Fortino, P.E., Associate Provost, NYU-POLY
Jeffrey Seigel, Adjunct Professor of Mgmt, NYU-POLY
Dr. Paolo Taticchi, Assistant Professor, Univ of Perugia
Dr. Bala Balachandran, Professor Accounting, NYU-Stern
Emanuele Raggi, Research Scholar, Univ of Perugia
2. The Problem
• Corporations use an exorbitant amount of energy amongst
their offices, manufacturing, shipping, employees, etc.
• More and more corporations are reporting their sustainability
efforts in their in their integrative annual reports (the so-
called triple bottom line)
• Reporting formats, statistics and methods are left up to the
companies, no universal standards exist
• Just as there are GAAP standards for financial reporting, there
should be similar standards for sustainability reporting so
companies’ efforts can be easily compared and analyzed
3. The Solution
• Develop reporting standards for sustainability
efforts to easily compare company results
• Start by studying current Corporate Sustainability
Reporting standards to gauge how they define,
analyze and benchmark organizational energy
usage
• Propose a standard format for reporting
5. Global Academic Team
• Project Team: Academic Staff from NYU-POLY,
University of Perugia and NYU-Stern
– Dr. Andes Fortino, P.E., Associate Provost, NYU-POLY
– Jeffrey Seigel, Adjunct Professor of Mgmt, NYU-POLY
– Dr. Paolo Taticchi, Asst Professor, Univ of Perugia
– Dr. Bala Balachandran, Professor Accounting, NYU-Stern
– Emanuele Raggi, Research Scholar, Univ of Perugia
6. Why Corporate Energy Reporting?
• Impacts Efficiency, Productivity & Profitability
• Impacts Triple Bottom Line, Climate & Social Justice
• Majority of S&P 500 Reporting Climate Risks
• 80% of Global Fortune 500 Produce ESG Reports
• Climate Change Risks & Opportunities
– Educates Stakeholders: Investors, Consumers, etc.
– Enhances Brand Image and Reputation
• No Official Global Carbon Disclosure Framework
• Linking GRI & CDP Methodology Created Foray into
Global Corporate Reporting Standardization
8. Our Efforts and Methodology
• We intend to contribute to the corporate
reporting standardizing efforts by:
– Reviewing the energy use reporting of several
multi-nationals who use the Global Reporting
Initiative and / or the Carbon Disclosure Project
– Benchmark and analyze how the two reporting
methodologies work in tandem
– Pose solutions for how standardized energy
reporting can be brought to all companies
9. Report Summary
• Corporations use Exorbitant Amounts of Energy
• How do you Track Corporate Energy Usage?
• Global Reporting Initiative Standards (GRI)
• Carbon Disclosure Project Standards (CDP)
• Global Team will Write a Methodology Report
– Defining, Benchmarking & Analyzing Corporate Energy
Usage using the Exacting Standards of the GRI & CDP
– Energy Usage Impacts Efficiency, Productivity, Profitability,
Climate Change, Economics Environment, Social Justice
– Corporate Energy Data Reported & Analyzed; Next Step?
11. Global Reporting Initiative (GRI)
• Multi-Stakeholder Nonprofit Organization
• GRI Develops Sustainability Performance Guidelines
for Economic, Environmental & Social Performance
• Created Sustainability Reporting G3 Guidelines
• As of 1/09, more than 1,500 Organizations from 60
Countries use the GRI G3 Guidelines
• 1,300 Organizations Published GRI Reports in 2009
• Alliances-UNEP, UN Global Compact, Earth Charter
13. G3 Energy Initiatives
• EN3 - Direct Energy Consumption
• EN4 - Indirect Energy Consumption
• EN5 - Energy Saved by Conservation
• EN6 - Provide Renewable Energy
• EN29 - Environmental Impacts of
Transporting Products
www.globalreporting.org / 2010
15. Carbon Disclosure Project (CDP)
• Launched in 2000 to Gauge Climate Change
• Helps Investors Gauge GHG, Carbon & Energy
• CDP Focuses on Individual Companies
• Largest Database Corporate Climate Change Data
• 3,000 Organizations in 60 Countries Measure GHG
• Act on Behalf of 534 Institutional Investors Holding
$64 Trillion in Assets Under Management
• Backing from HSBC, JP Morgan, BofA, Merrill, etc.
17. Abridged GRI / CDP Linkage Table
• GRI Assurance 3.13
– Policy and current practice with regard to seeking external
assurance for the report…..
• CDP 20.1 External Verification/ Assurance
– Please indicate the percentage of reported emissions that
have been verified/assured and attach .....
• Comments
– The CDP focuses on emissions data and asks for …..
– GRI asks companies to: “Explain the relationship between
the reporting organization and …..
www.cdproject.org / 2010
18. Carbon Disclosure Project (CDP)
• Why is this important?
• Governments are making the environment a focus of
policy
• But there are no standards to measure performance
in this area
www.cdproject.org / 2010
19. Conclusion
• Global Energy Reporting Standards are
needed
• A methodology has been identified
• Our team is working on contributing to this
effort
• Your feedback and collaboration is welcomed.
20. Contact Information
• We welcome your input, questions and suggestions
• Jeffrey S. Seigel
Adjunct Professor of Management
Polytechnic Institute of NYU
40 Saw Mill River Road
Hawthorne, NY 10531
(917) 886 - 8011
jeffreyseigel@optonline.net