How to Achieve ESG Goals through Better Energy Management
Through the right energy management system, businesses can reach their ESG goals. ENTOUCH’s CEO, Jon Bolen, and Director of Customer Success, Trey Hernandez, joined host Tyler Kern to discuss what that energy management system looks like and how it benefits environmental, social and governance practices within organizations.
Today’s investors rely on ESG reporting as they evaluate the investment potential of a particular business. Bolen said a concept called socially responsible investing puts an ethical lens on how people want to invest.
“They may choose to or not to invest in a company because of their own personal ethics,” Bolen said. “And there’s impact investing, which is a group of investors who choose to invest in an organization because of the social impact that organization may have. And, sometimes, that impact may be climate change, but it could also be for human rights or a number of concepts. The idea is an impact investor is attempting to make an impact.”
With a significant component of ESG focused on the environmental impact an organization makes in terms of greenhouse gas emissions, among other energy-related concerns, it is paramount for these organizations to mitigate risks by reducing their GHG emissions. An excellent method for companies looking to meet their environmental goals is an energy management system.
And one of the ways an energy management system does this is through building energy management. Hernandez said ENTOUCH’s portfolio of energy management clients removed over 1 billion kilowatt-hours of energy through their solutions. And this reduction of energy usage also adds up to savings. Hernandez estimated they realized up to $30 million in annual savings and cash flow for their customer base.
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