Promoting sustainability and combating climate change have become integral aspects of running a business in today’s economy. This is perhaps particularly true in the energy sector, which accounts for approximately two-thirds of the world’s greenhouse gases. Our clients, and the sectors in which we work, are critical to civilization’s efforts to mitigate climate change. Increasingly, investors, employees and other stakeholders demand a coherent sustainability strategy, clear targets, and an action plan to achieve them.
Carnrite’s sustainability practice is focused on sustainability strategy, the operating model required to put strategy into action, and the pursuit of decarbonization projects, which leverage Carnrite’s in-depth operational experience in the energy and industrials sectors. Carnrite accelerated its commitment to alternative energy by making a strategic investment in Persefoni, providing clients with a revolutionary new way to efficiently and continuously measure, report and manage their carbon footprint.
Carnrite’s Sustainability Service Offerings
Blackrock puts sustainability at center of its investment strategy
Larry Fink, chief executive officer of BlackRock, the world’s largest investment firm with approximately $7 trillion in assets, said the firm will immediately stop investing in companies that present a high sustainability related risk. According to a report from Morningstar, investors in the U.S. alone contributed a record $20.6 billion to sustainability funds in 2019, four times the amount contributed in 2018.
Companies with a clear alternative energy strategy and action plan have the opportunity to create tremendous value, particularly in sectors such as energy and industrials, which must be part of the solution. Shareholders are demanding sustainable investment opportunities.