Governance

For Power Industry, Innovation is Key. For electric utilities, innovation will be key to helping the industry evolve and prepare for the future.

This year marks the fifth edition of Giving Around the Globe, a leading report that explores Corporate Societal Investment (CSI) insights and cross-regional strategies among the world’s leading companies. The report is part of CECP’s continued efforts to study worldwide trends and better understand how companies, whether headquartered in the US or internationally, are pursuing strategies to be a Force for Good.

With up to 400 million Indians lacking a reliable energy supply, the country is planning major investments in its power generation and distribution infrastructure. Most of the investment in new capacity will be for renewable energy.

World Business Council for Sustainable Development (WBCSD) recently launched the Reporting Exchange - the single most up-to-date and comprehensive source of information on sustainability reporting requirements and resources currently available. RNFOead on to see what the experts are saying about this new resource.

Today, the World Business Council for Sustainable Development (WBCSD) launched the Reporting Exchange - the single most up to date and comprehensive source of information on sustainability reporting requirements and resources currently available.

Recognizing the critical role that private capital flows will play in moving society toward a more sustainable future, Yale University has launched the Yale Initiative on Sustainable Finance (YISF). This new academic effort will provide high-quality research on the flow of capital into sustainability-oriented projects and sustainable companies.

Amid interwoven and oft-cited concerns about reliability, cybersecurity, funding and aging infrastructure, this year’s survey results again reveal that electric industry leaders view risk-based planning, long-term budgeting and preventive maintenance as key to ensuring that asset health and reliability are sustained.

As a global provider of energy-efficient technology solutions, Ingersoll Rand is positioned to pursue opportunities that arise from the nexus between energy efficiency and climate change mitigation. While energy resource demands and climate change represent great risks for society and the planet, we recognize that the innovation that addresses these issues is a potential growth driver for our business.

While the White House’s plans for a $1 trillion federal infrastructure program continue to coalesce, one recent estimate puts the depreciated value of the American electric infrastructure—including power plants, transmission lines, distribution lines, substations and transformers—at around $1.5 trillion to $2 trillion, with a replacement value of $4.8 trillion.

Along with so many across the nation, CECP was shocked by the events in Charlottesville earlier this month and yet encouraged by the actions of the CEOs of many of world’s largest corporations – most affiliated with this CECP network – that demonstrated that the courage and conviction of business can and should be a force for good.