How to Improve your ESG score with solar PV

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8th Jun 2023

What is ESG and how will it benefit my business? 

With the impacts of global warming becoming harder to ignore, more and more companies are striving to set stricter Environmental Social and Governance (ESG) goals to mitigate their impact on the environment and make their businesses a more attractive proposition. 

There are many benefits to having a strong ESG score, other than helping reduce a company’s impact on the environment. Consumers are becoming more environmentally conscious, and many are starting to look for companies that reflect their values in caring for the environment. A strong ESG score is a great sales and marketing tool to attract more customers. 

Furthermore, focusing on ESG shows a corporate commitment to reducing carbon emissions as well as maintaining accountability, which highlights an organisation’s goodwill to stakeholders. As you can see, improving your ESG score can only be beneficial to your company. Most companies will opt for solar energy , often supported by commercial battery storage, when wanting to increase their ESG scores, as solar power is the simplest and most cost effective way to quickly realise environmental and sustainable goals. 

How to increase your ESG score using solar energy 

Solar is attainable

Solar energy is the simplest type of renewable energy source to utilise, as it is set up on readily existing roof or green space. Solar power can be implemented for nearly any type of business with high energy consumption.

Solar energy provides a positive return on investment

Traditionally, the upfront cost of installing a commercial solar PV system has been high, but we now offer a range of solar financing options to help spread the cost. Even though there will be some initial outlay, it will garner a strong long-term return on investment. Once installed, the price of solar is cheaper than purchasing electricity from the grid, so it future-proofs your business against unpredictable energy rises. 

Solar systems are also sized based on the facility’s current and anticipated energy needs, which means a qualified solar provider can help your business optimise existing and planned proficiency projects, as well as accurately forecast energy expenditures.

Solar energy demonstrates your commitment to ESG and the environment

Many companies will say they are invested in protecting the environment, when in fact they are using clever marketing strategies and greenwashing to give themselves a more eco-friendly image. 

By investing in solar energy and actively improving your ESG score, you are actively showing shareholders and stakeholders that you are truly working towards protecting the environment. 

Solar energy is low maintenance

Solar panels have an industry lifespan of 25-30 years, and require little to no maintenance once installed. They have no moving parts, and come with robust warranty coverage, so your solar PV system should be operational and provide you with low-cost energy and minimal attention required from you. 

Solar energy has an immediate positive impact

The minute you activate your newly installed solar PV system, you will reap the rewards. Once turned on, your solar panels will keep generating clean energy for free, and can instantly offset your utility consumption. 

The overall benefits of commercial solar PV 

Other than improving your ESG score, having commercial solar panels installed comes with all the other benefits of going solar. These benefits include;

• You will see an immediate reduction of your carbon footprint
• You will garner a return on your investment
• There is a fixed cost of energy from the system generation, which protects your company from market fluctuations. You won’t be impacted by rising energy bills
• You will get green credentials, which makes your company more attractive to work with partners  who share the same  carbon reduction targets, such as net zero

Get in touch with us for your commercial solar panels

If you have any further questions on how solar energy can help improve your ESG score do not hesitate to get in touch with us.