The Business Case for Corporate Use of Renewable Energy in Europe
- 01 May 2007
What is the business case for companies to use renewable resources to meet their energy needs? A study in collaboration with World Resources Institute (WRI) indicates that firms are switching to renewable energy to obtain one or more of the following business benefits:
Lower or stabilized energy costs. In some situations, using renewable energy can directly lower corporate energy costs or stabilize corporate energy prices.
Reduced emissions. Using renewable energy can help companies reduce their emissions of greenhouse gases and other airborne pollutants that pose regulatory and fi nancial risks to firms.
Stronger stakeholder relationships. Using renewable energy can strengthen a company's image and relationships with its various stakeholders, including customers, local communities, employees, and shareholders.