Environmental, Social, and Governance (ESG) are the measures that altogether establish the structure for evaluating the impact of the sustainability and virtuous practices of a company on its operational and financial performance.The primary focus of the environmental factor is the company’s influence on the environment and its ability to mitigate various risks that could cause conservational harm.
ESG gains more recognition among all types of investors because of the greater attention of governments and regulators to such structural pillars, and a stronger public awareness of companies environmental and social influences.
A company’s environmental policies and its ability to mitigate environmental risks may directly influence its financial performance. More governments around the world are introducing strict environmental policies, and a company’s inability to comply with the standards may result in significant penalties.
Therefore, company’s must balance the need for steady and reliable power with the requirements of decreasing their own carbon footprint.
To meet the growing demands of ESG, companies are investing more time and resources into identifying and implementing solutions that address the environmental requirements while also continuing to grow their businesses.
R3Di Microgrid Controller – The R3Di system can incorporate multiple energy producing assets simultaneously. Palm Energy is then able to remotely monitor and dispatch assets from our 24x7x365 NOC, ensuring our Partner’s are always using the most environmentally friendly energy source available.
Open Access Tariff Reserve Requirements – Depending on the assets tied into the R3Di System Microgrid Controller, Palm Energy will work with the local Utility or RTO to determine whether the carbon footprint of the R3Di system is lower than the existing reserve mechanism (often referred to as “Spinning Reserves”).
Carbon Offset/Renewable Energy Certifications Procurement – If the appropriate carbon offsets or renewable energy certifications (RECs) are not able to be produced at a Partner’s facility, Palm Energy’s Procurement Team will utilize the available markets to purchase such credits/certifications on behalf of our Partners.