By Marcus Krembs
Marcus serves as Head of Sustainability, USA & Canada, at Enel North America. During his tenure at Enel, Marcus established and led sustainability departments throughout the organization, integrating the company's Creating Shared Value (CSV) sustainability performance model and community relations teams across North American operations. He has worked across the energy value chain and sustainability for more than 20 years.
Organizations face many challenges and opportunities in today’s rapidly evolving energy landscape. Climate change, energy volatility, stakeholder pressure, and regulatory changes are driving the need for comprehensive energy and sustainability strategies, with decarbonization and low-carbon business models taking center stage in organizations’ priorities.
While organizations of different sizes and industries seek ways to decarbonize, each organization’s decarbonization roadmap is unique. Where is your organization on its decarbonization journey? And what steps should your organization take to meet your carbon reduction targets?
With global momentum for setting decarbonization targets and renewable energy procurement achieving record levels, carbon accounting and reporting schemes are also becoming mandatory and increasingly complex. In Europe, a range of initiatives and proposed regulations are emerging to govern corporate sustainability reporting and marketing claims. In the United States, the Securities and Exchange Commission (SEC) is expected to establish rules mandating climate change disclosures for public companies. The GHG Protocol secretariat is also planning to release drafts of revised text in 2024 and final standards or guidance in 2025. These changes have significant implications to its corporate accounting and reporting standard, scope 2, scope 3, and market-based accounting standard.
Considering the evolving regulatory and standards-aligned landscape is crucial as organizations design their decarbonization strategies and invest in renewable energy solutions. The choices they make will significantly impact their carbon accounting, disclosures, and sustainability claims.
Developing a robust decarbonization and energy strategy, taking meaningful action, and selecting appropriate energy solutions are essential for bolstering your brand reputation and value proposition. These efforts must be accompanied by durable, credible claims and align with recognized environmental marketing guidelines and carbon accounting standards.
Before embarking on your decarbonization journey, carefully consider the pledges you are aligning to, the claims you'd like to make, and how you plan to report on your progress. Investing in energy solutions that allow you to make credible claims about your progress in the decarbonization journey is of utmost importance.
A global renewable energy leader with sustainability at the heart of everything we do, Enel North America specializes in delivering energy strategies and decarbonization roadmaps. We work with organizations across North America to tailor roadmaps that accelerate net zero ambition and sustainability goals. Building upon our vast experience and expertise, we crafted a toolkit to guide organizations on their decarbonization journey.
Recognizing the need for tailored decarbonization roadmaps, this eBook offers value to organizations at every stage of the decarbonization journey. Whether you are just getting started, looking to take your strategy to the next level, or are well along in your journey and are looking to optimize, Decarbonization navigator: a toolkit for organizations will guide you in designing the energy and decarbonization strategy that is right for where you are on your journey and identifies the specific steps required to advance that journey forward.