Please indicate, in kWh, the total quantity of electricity purchased over the year.

  • Radia Guira

Formula:
‘Electricity – country 1’ + ‘Electricity – country 2’ + ‘Electricity – country 3’ + etc.
Please include as many countries as your company is operating in.

This question is asking you to provide the aggregate amount of electricity that was purchased by the company during the course of the most recent year. The required unit of measurement is kilowatt hours (kWh). This question is used to understand the company’s energy consumption patterns and its reliance on externally purchased electricity.

Our assessment for your company’s environmental sustainability is determined, in part, by your energy consumption and your efforts to reduce it, hence, providing an accurate figure for the total electricity bought is very crucial.

In responding to this request, you should go through your company’s energy bills or refer to meter readings to get the accurate total. These energy records should be compiled for each month of the past year to ensure the entire duration is covered.

Example: if your company bought 2000 kWh of electricity in January, 2500 kWh in February, 3000 kWh in March, and the same pattern of purchase continued for the rest of the months, you would add up all these purchases to get a total annual figure: i.e., (2000 kWh + 2500 kWh + 3000 kWh…) for all the months of the year.

Understanding kWh and Its Importance in ESG Reporting

When it comes to evaluating your company’s Environmental, Social, and Governance (ESG) performance, energy consumption data is a critical component. Energy consumption, typically measured in kilowatt-hours (kWh), reflects the environmental aspect of the ESG criteria by indicating the amount of electricity your organization has purchased and used over a specific period. This figure is vital for calculating your company’s carbon footprint, setting sustainability goals, and benchmarking against industry standards.

But, why kWh? A kilowatt-hour is a unit of energy equivalent to one kilowatt (1 kW) of power expended for one hour of time. It’s the standard measure used by energy suppliers to determine your electricity bill. Understanding how to accurately calculate your kWh consumption is essential for completing your ESG questionnaire with precision. For further knowledge on kWh and its significance, consider visiting this resource.

Step-by-Step Guide to Calculating Your kWh Usage

Calculating your company’s total kWh consumption may seem daunting, but it’s a straightforward process when you have the right information. Here’s a step-by-step guide to help you accurately complete your ESG questionnaire:

  1. Collect your monthly electricity bills for the year you are reporting. Each bill will typically show your kWh usage for that month.
  2. Add up the kWh figures from each monthly bill to get your total kWh consumption for the year.
  3. If you have the readings of the electric meters, you can calculate the kWh consumption by subtracting the previous reading from the current reading and multiplying by the number of days between readings. This is particularly useful for mid-month calculations or customized reporting periods.
  4. Ensure that all parts of your business are accounted for if your company operates in multiple locations or has several departments.

For a detailed guide with examples on how to calculate kWh usage for different types of equipment or situations, you may find this article extremely helpful.

Reporting Your Electricity Consumption Accurately

After you’ve calculated your company’s total kWh consumption, it’s crucial to report this data accurately in your ESG questionnaire. Precision is key because this data can significantly influence your ESG score, which in turn can impact investor relations, public perception, and even regulatory compliance.

To ensure accuracy when reporting:

  • Double-check your calculations to prevent any errors.
  • Use consistent measurement periods for each year to ensure comparability over time.
  • Consider the source of your electricity. If your organization purchases renewable energy or has invested in renewable energy certificates (RECs), this could positively influence your ESG score.
  • Keep documentation of your calculations and source data in case verification is needed.

For understanding the difference between watt and kilowatt-hour and how it affects your energy consumption and reporting, the information provided at Energyprice.be can be an excellent place to start.

In conclusion, knowing how to calculate and report the total quantity of electricity purchased in kWh is an essential skill for any business focused on sustainability and responsible governance. By following the steps outlined in this article and utilizing the provided resources, you can ensure that your company’s ESG questionnaire reflects accurate and meaningful data. Remember, a precise kWh figure not only helps in painting a true picture of your company’s environmental impact but also sets the stage for establishing more effective energy management practices in the future.