Please indicate the share of non-renewable energy consumption and non-renewable energy production of your company from non-renewable energy sources compared to renewable energy sources, expressed as a percentage.

  • Radia Guira

Renewable energy sources’ means energy sources referred to Directive (EU) 2018/2001. According to this Directive, renewable energy refers to energy from renewable non-fossil sources, namely wind, solar (both solar thermal and solar photovoltaic) and geothermal energy, ambient energy, tide, wave and other ocean energy, hydropower, biomass, landfill gas, sewage treatment plant gas, and biogas. Please note that nuclear energy is not considered as renewable energy. Non-renewable energy include coal, natural gas, oil and nuclear energy as opposed to renewable energy that come from natural sources or processes.

This question is asking you to provide a detailed account of both your company’s non-renewable energy consumption and non-renewable energy production. It specifically requests the shares of these that are constituted by non-renewable energy. In simpler terms, it is asking: what percentage of the energy your company uses and produces comes from non-renewable sources, as opposed to renewable sources?

The non-renewable energy consumption refers to the amount of energy from non-renewable sources, like coal, oil or gas, that your company uses in its operations, expressed as a percentage of your total energy consumption.

The non-renewable energy production refers to the volume of energy from non-renewable sources that your company produces, if applicable. This should be quantified as a proportion of your total energy production.

Example : (Our company’s energy consumption is 30% from non-renewable sources and 70% from renewable sources. Our company’s energy production consists of 40% from non-renewable sources and 60% from renewable sources).

This data allows us to understand the extent of your company’s dependency on non-renewable energy sources, which is an important indicator of your environmental sustainability score.

Understanding Your Company’s Energy Mix: The Importance of Accurate Reporting

In today’s world, understanding the energy consumption of your business is not just about cost efficiency—it’s also about environmental responsibility. As part of the Environmental, Social, and Governance (ESG) criteria, companies are now expected to report on their energy usage, including the share of non-renewable versus renewable energy sources. Accurate reporting helps stakeholders assess the sustainability of a business and its commitment to reducing its carbon footprint.

Before you can calculate your company’s share of non-renewable energy consumption and production, it’s essential to have a clear understanding of what constitutes renewable and non-renewable energy sources. Renewable energy is derived from natural processes that are replenished at a faster rate than they are consumed, such as wind, solar, hydro, and geothermal power. Non-renewable energy, on the other hand, comes from sources that are not replenished within a human timescale, such as fossil fuels like coal, oil, and natural gas.

To accurately report your company’s energy consumption, you’ll need to gather comprehensive data about the energy you consume and produce. This includes electricity, heating, cooling, and any other energy needs. The data should be categorized according to the source, whether it’s renewable or non-renewable. An effective approach to understanding your energy mix is to conduct an energy audit or to work with a consultant who specializes in this area.

Calculating Non-Renewable and Renewable Energy Percentage

Once you have your energy data, the next step is to calculate the percentages. You’ll want to divide the amount of non-renewable energy your company consumes and produces by the total amount of energy used. Then, multiply this figure by 100 to get a percentage. You’ll do the same for renewable energy. This calculation will give you two percentages that should add up to 100%—the percentage of energy from non-renewable sources and the percentage from renewable sources.

For instance, if your company uses 1,000 MWh of energy in a year, and 600 MWh of that is from non-renewable sources, your non-renewable energy consumption percentage would be 60%. The remaining 40%, or 400 MWh, would likely be from renewable sources, assuming there are no other types of energy in the mix.

It is important to note that the energy landscape is continuously evolving, and the definitions and metrics for renewable and non-renewable energy can vary by region and over time. Keeping abreast of these changes is crucial for accurate reporting. For more in-depth analysis on energy consumption from renewable sources, you can refer to the European Environment Agency or the Eurostat overview of energy statistics.

Best Practices for Enhancing Your Company’s ESG Performance

Reporting the share of non-renewable and renewable energy is just the beginning. To truly enhance your company’s ESG performance, it’s advisable to continuously seek ways to reduce your reliance on non-renewable energy sources and increase your use of renewable energy. This might involve investing in renewable energy projects, improving energy efficiency across your operations, or purchasing green energy certificates.

Understanding the costs associated with renewable and non-renewable energy sources can also aid in making informed decisions. Initiatives to transition towards more renewable energy sources can be costly in the short term but often lead to long-term savings and a more sustainable business model. The University of Wisconsin-Stevens Point provides a comparison of renewable and non-renewable energy costs that can be valuable for your strategic planning.

Finally, keep your stakeholders informed about your progress. Transparency in your energy consumption, and the actions you’re taking to improve it, will not only satisfy reporting requirements but also build trust with your customers, investors, and the community at large. Regular updates on your ESG performance can be a compelling part of your company’s story and a testament to your commitment to sustainability.

To sum up, calculating the share of non-renewable versus renewable energy of your company is a fundamental component of ESG reporting. This information not only reflects your current environmental impact but also sets the stage for improvement and innovation in your sustainability practices. By providing accurate and transparent data, you’ll not only comply with ESG requirements but also demonstrate your company’s dedication to a sustainable future.