EXEC PERSPECTIVE: Jeff Heggedahl on Evaluating Risk in Energy and Sustainability Management

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EXEC PERSPECTIVE: Jeff Heggedahl on Evaluating Risk in Energy and Sustainability Management

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Jeff Heggedahl on Evaluating Risk in Energy and Sustainability Management

Wednesday, July 3, 2013 - 2:45pm

CAMPAIGN: EXECUTIVE PERSPECTIVE

CONTENT: Article

By Jeff Heggedahl, President and CEO, Ecova, USA 

As the economy improves and the effects of climate change multiply, many companies are thinking again about sustainability. Some have already reported impressive results, while others are still trying to figure out how to get started. For both, evaluating risk is essential as the true measure of sustainability success will be in both positive economic benefit and the ability to minimize a company’s impact on the climate. Due diligence must include true risk analysis if we are to evaluate sustainability on a level playing field.

There are several reasons many companies are undervaluing the risk associated with energy and sustainability impacts. The cost of doing nothing, or not enough, will continue to increase, for four reasons: regulation, cost mitigation, corporate reputation and investor expectations.

1.     Regulation will bring a mandated cost for carbon.

We’re experiencing a new phenomenon in sustainability: The market is defining what it means to be a sustainable company. BICEP is a prime example of the U.S. business community taking the lead. At some point, however, legislation will catch up with what the market and investors already know: we will eventually have federal regulations for greenhouse gas (GHG) emissions. Such regulation is not only inevitable, but desirable because it will help the business community prepare for the negative impacts of climate change and ideally limit its worst effects.

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Keywords: Energy | Management | Thomson Reuters | executive perspective | risk | sustainability

CAMPAIGN: EXECUTIVE PERSPECTIVE

CONTENT: Article

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