The Business Case for Corporate Use of Renewable Energy in Europe

Reading time: 15 minutes
1 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.

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