- THE MAGAZINE
The Pew Center on Global Climate Change recently launched a new Corporate Energy Efficiency Web Portal that features myriad resources designed to help businesses develop new and stronger energy efficiency strategies. The Web portal is part of a larger Pew Center project to document and communicate best practices in corporate energy efficiency strategies in internal operations, supply chains, products and services, and cross-cutting issues.
The broader project is being funded by a three-year, $1.4 million grant from Toyota. The Web portal, which will continue to be built out over time, currently features preliminary research findings and other resources, including:
- A comprehensive, searchable database of energy efficiency initiatives undertaken by the 45 companies in the Pew Center’s Business Environmental Leadership Council (BELC)
- Key results from a survey designed to gather key quantitative data, identify trends and gauge current activities in corporate energy efficiency
- Presentations delivered at a series of workshops held by the Pew Center to support the project
- Notable external resources on corporate energy efficiency strategies and news articles
As part of the research, a 65-question survey was completed by 48 companies, ranging in size from $8 billion to $99 billion in revenues. Key results, highlighted in detail on the portal, include:
- Companies reported an average energy efficiency target of 20%, or 2.2% on an annualized basis.
- The three leading motivations for corporations to undertake energy efficiency strategies were: reducing their carbon footprint, responding to rising energy prices, and demonstrating their commitment to corporate social responsibility.
- 81% of companies reported that they had modified their products and services to enhance or offer new levels of energy efficiency performance. The motives listed were to: “take advantage of new market trends brought on by consumer concerns about energy prices”; and “respond to competitive pressures.”
- The CEO and senior management team were most frequently identified as the key champions of corporate efficiency programs, ranking higher than facility managers and environmental health and safety teams.