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When it comes to attracting Millennials to cities, few things are as effective as incorporating sustainability principles into the urban landscape. Indeed, 25% of the top 20 qualities Millennials seek out in urban locations are directly tied into the Green movement, including more prudent energy use standards, according to Notable Life.
As companies increasingly focus on going green, it can be difficult for board members to know what sustainability metrics to pay attention to, considering the breadth of the topic. From water shortages to deforestation to greenhouse gas emissions, there are a lot of important issues. Yet since boards cannot manage everything, they need to focus on the metrics that are most important to the business.
Investors have increasingly been focusing on environmental, social, and governance factors, also known as ESG factors, when deciding where to allocate money & how they should interact with the companies they currently have a stake in. This trend of social impact investing and ESG investing extends across many different types of investor profiles.
Corporate boards are increasingly focusing on sustainability as shareholders, regulators, customers, and other stakeholders take action on this issue. While boards cannot be involved with all aspects of a company’s environmental initiatives, they can still influence their organizations to improve sustainability within the context of their board duties.
Asset managers are starting to put more pressure on companies regarding environmental, social, and governance (ESG) issues, as they are using their large equity ownership stakes to influence management.
While boards cannot be involved with all aspects of an organization’s day-to-day activities, it’s reasonable to consider energy costs when overseeing a company’s operations and sustainability efforts.
Corporate executives increasingly seek ways to improve sustainability, often because stakeholders such as investors and customers demand it. But the two sides do not have to be in opposition and only make changes when one side wins, such as through proxy voting.
Superior Energy Performance (SEP) is a program administered by the U.S. Department of Energy (DOE) that certifies industrial facilities’ implementation of the ISO 50001 standard and improved energy performance.
