Welcome back and introduction to day 2 from Master of Ceremonies Hosted by SAGIA The Kingdom is changing — ushering in a new set of pro-investment initiatives designed to improve the ease of doing business for foreign investors. As the Kingdom looks to develop a much more prominent role for the private sector within its economy, the role of the Saudi Arabian General Investment Authority, is in the spotlight.
What I like about Mars is that they are always willing to share their tips and best practices so that other companies can learn how to start mitigating their impact on the environment. Here are the main takeaways from my discussion with Winston: A comprehensive sustainability plan integrates energy efficiency with renewable energy strategies.
Winston Chen, Renewable Energy Manager at Mars For a company that has been growing quickly over the last few years, it can be a challenge to achieve absolute reductions in its overall carbon footprint.
As the sixth largest privately held company in the U. Mars looks for ways to reduce energy demand through adoption of more energy-efficient technologies.
This includes low-hanging fruit such as lighting upgrades, but also more capital-intensive upgrades to manufacturing equipment. Ultimately, energy demand not only depends on the efficiency of the technology but how it is used on the factory floor; so Mars works with its employees to optimize the operation of energy-using equipment to minimize waste while improving productivity.
Reinventing how things are made can reduce energy demand. Mars invests in innovation to rethink its manufacturing processes — for instance, in its baking and drying processes to make pet food — to minimize energy use.
Mars also looks for solutions to decarbonize its energy supply, working with developers and utilities to procure renewable energy through PPAs.
Finding new ways to become more energy efficient is smart business for any company. With technologies widely available on the market to help companies innovate and save energy, solutions that benefit bottom lines and mitigate environmental impact abound.
For example, an overwhelming majority of executives at top companies say they are using innovative technologies to drive profitability and environmental performance, according to a recent EDF survey. More than 70 percent of executives surveyed said their business and environmental goals are more closely aligned than they were just five years ago, primarily due to advances in technology.
Collaborating for scale leads to innovation and a more sustainable supply chain. Companies have a number of options for procuring renewable power including investing capital to install onsite renewable energy projects.
I asked Winston why Mars prefers using PPAs, which account for almost all of its renewable energy investments. Sustainable companies attract customers, please employees, aid recruiting and burnish reputations. This insight is perhaps the best takeaway from my discussion with Winston.
He explains it perfectly in this quote: For more posts like this, follow Graziella Siciliano on Twitter. Get new posts by email We'll deliver new blog posts to your inbox.Nearly renewable energy companies and energy storage companies call Calgary home. A drive toward more sustainable and environmentally responsible energy sources, fueled by Alberta’s Climate Leadership Plan, is creating significant business opportunities in Alberta’s renewable energy .
The renewable energy use is equivalent to that produced by an average GW solar power plant, it said, roughly the annual consumption of , households. Germany's Energiewende, or energy revolution, is a mammoth, trillion-euro plan to wean the country off nuclear and fossil fuels by midcentury, but many companies worry the enormous cost will.
Application of San Diego Gas & Electric Company (U M) to Adopt Energy Efficiency Rolling Portfolio Business Plan Pursuant to Decision NRG Energy has agreed to sell its renewable energy business and South Central generation assets in strategic move to streamline the company.
“Today’s announcement represents a significant. A comprehensive sustainability plan integrates energy efficiency with renewable energy strategies. Winston Chen, Renewable Energy Manager at Mars For a company that has been growing quickly over the last few years, it can be a challenge to achieve absolute reductions in its overall carbon footprint.