Find and see the best corporate environmental sustainability news, posts and stories here, at Edenark Group’s “IN THE NEWS.” Let us know if you have environmental sustainability news you would like us to add.
Local Law 97 – Turning Lemons into Lemonade
There is opportunity for businesses and buildings in NYC to make more money by getting ahead of Local Law 97 and managing it properly.
Most businesses and building owners are going to see the Local Law 97 de-carbonization requirements as nothing more than profit-eating CapEx.
But some will realize this as an opportunity to turn lemons into lemonade by 1) getting ahead of the curve, 2) keeping costs low, and 3) taking advantage of consumer demand.
What we know is:
– The #1 problem all businesses/buildings have is finding a way to stand out
– Yet, 87% of consumers want their vendors/suppliers/buildings to be certified sustainable
– And 71% of consumers will move their business to a certified sustainable company
– Certified sustainable companies/buildings under our standard enjoy increased revenues, profits and valuation
– One of the biggest issues all big companies are focused on is becoming ESG compliant
– To do so, they need vendors/suppliers/landlords that are ESG-compliant
– Over the near term, this is a powerful competitive differentiation tool for vendors
– Over the longer term, all organizations will need to be ESG-compliant
– NYC buildings are mostly steam-driven
- It is nearly impossible for a NYC building to meet Local Law 97 without using carbon offsets and/or RECs
– Fortunately, NYC allows carbon offsets and RECs to be used to help satisfy Local Law 97
– This is a way to inexpensively ‘buy time’ on your CapEx
– But it needs to be packaged with a full solution
– Edenark Group helps a business/building satisfy all the above
Net, the building/business gains:
– A low-cost way to satisfy Local Law 97 and extend the CapEx work timeline
– A way to inexpensively become ESG compliant as part of the Local Law 97 process
– A way to inexpensively become certified sustainable as part of the Local Law 97 process
– A low-cost way to use certification and ESG compliance to drive revenue and valuation
Podcast on how small to mid-sized businesses can afford and benefit from sustainability certification
This podcast series, titled Sustainability Explored, from host Anna Chashchyna, studies all things sustainable.
She interviews David Goodman, of Edenark Group, to discuss the Edenark Group ISO 14001 program and how it is both affordable and beneficial to small to mid-sized enterprises (SMEs).
The Edenark Group ISO 14001 program is the world’s best environmental sustainability program for small to mid-sized enterprises (SMEs).
Sustainability/ESG Seen As Competitive Advantage and Necessity
This article, titled “Greenwashing concerns aside, fund managers tout ESG credentials” discusses
- Companies are using their ESG credentials to differentiate from competitors and gain market share
- Sustainability offerings are becoming increasingly important as a competitive necessity
If you are looking to differentiate and take market share, and might also enjoy helping the environment and future generations, becoming certified sustainable, and developing an ESG program, might be worth considering.
This PPP gives recommendations on what you should look for in a sustainability program.
Vodafone Study: Sustainability Delivers Competitive Advantage
Per this article, “Sustainability, once considered a ‘nice to have’ goal for businesses, is now a strategic priority for businesses as consumers demand, and investors reward, responsible operations. For US businesses, that priority is now considered a competitive advantage, as more than 60% of US firms cite sustainability as potential differentiator…”.
The Vodafone study shows sustainability is not just good for the planet, but also delivers tangible benefits that are good for a business.
Key points
- 60% of sustainable companies have higher profit than a year ago – 17% higher than their non-sustainable peers
- 83% of sustainable companies are projecting higher earnings over the next five years – 17% higher than their non-sustainable peers
Net Zero Carbon Plans Boost Valuation
If you want to boost corporate image to consumers and investors, positively impacting your valuation, develop a legitimate plan to become Net Carbon Zero.
As this article explains –
– Green companies are trading at a 30% premium to brown companies;
– PE ratios of companies with a Net Zero Carbon date are 60% higher than those without a date;
– The market views management of companies with a Plan to Zero being stronger, ahead of the curve.
The Edenark Group ISO 14001 program delivers sustainability certification, carbon neutrality and ESG planning, in a package that provides global-recognition, revenue-side benefit, and SME-designed pricing and executional efficiency.
Why Do You Need to Become “Certified” Sustainable?
Thank you, Verge Funding Group, for sharing our message and service –
2022 Global ESG Study, reported via Harvard Law School Forum on Corporate Governance
This article, titled ‘ESG Global Study 2022’ covers a lot of ground. The key points are:
- ESG adoption is on the rise, fueled by client demand and a desire to be part of the solution.
- Companies with good sustainability credentials outperform companies with lesser sustainability credentials, followed by companies with no sustainability credentials.
- Investment returns and sustainability impact go hand in hand.
Indian Consumers want SMEs to prove they are sustainable
Since the beginning of time, the consumer has never been satisfied. As soon as a vendor achieves a goal, the consumer raises the bar.
Sustainability is now part of the mix; both in India and everywhere else in the world. Per this article, proving you are a sustainable company (ie, not misleading with Greenwashing), while also delivering a great product at a great price at a great time, is now expected, as 9 out of 10 consumers say they expect their vendors to be sustainable and they will reward the ones that are.
The stakes, both for business and society, could not be higher. This article speaks to the stuggles Inda is facing over climate change. It is hard to ignore a problem that is 62 meters high.
“Sustainability is no longer an optional extra for SMEs interested in expanding their e-commerce business. Consumers increasingly see it as an essential and non-negotiable part of the decision-making process,” said Kawal Preet, president of Asia Pacific, Middle East and Africa (AMEA), FedEx Express.
“Consumer consciousness towards the environment exerts a stronger influence on the way they perceive a brand, making it imperative for businesses to embrace an effective ESG strategy,” was also stated in the article.
But, Greenwashing is real and consumers know it – +70% of all consumers and +90% of the Under 40 consumer disbelieve a company’s sustainability claims if not supported by a globally-respected certification.
If a SME wants to satisfy the consumer, it needs a credible program.
We recommend starting with this PPP, as it will explain what every SME needs to satisfy the consumer and its own organizational needs.
Family Businesses Can Lead ESG Reporting and Compliance
Family-run businesses are well on their way to leading the global effort to achieve full ESG planning, reporting and execution.
Per this article and study, 62% of the companies interviewed globally (and 85% of those interviewed in the US) are already contributing to the ‘S’ by investing in their local community.
Approximately half (45%) of these family-run businesses also believe they can take a leadership role in leading the way in sustainable business practices, positively impacting the ‘E’ in ESG if they follow a globally-accepted sustainability program that others can also follow.
However, only 23% have developed and communicated a complete strategy.
Net, the article explains the desire is there.
All these family-run businesses need is a template and guidance on how to develop an overall strategy around their ESG goals.
The Edenark Group ISO 14001 sustainability certification / carbon neutral / ESG planning program provides that template and guidance.
Infosys Research: 9 out of 10 Executives Report ESG Delivers ROI
Per this article, a study by Infosys revealed that 90% of executives said their ESG spending led to moderate/significant financial returns.
Here are a few interesting findings from the report:
- ESG is a proven moneymaker – a 10 percentage point increase in ESG spending correlated with a 1% increase in profit growth.
- Don’t stop with the E – Adding the S and G once you have the E will improve profitability.
- Adding ESG staff increases profitability – Upwards of 2% in profit and revenue growth.
- Supply chain transparency matters – Convincing your suppliers to become sustainable helps you attain your Scope 3 goals….which helps you win more business.
If you want to know how to start, follow the points in this PPP. You will be happy you did.