{"id":11578,"date":"2018-02-23T11:00:02","date_gmt":"2018-02-23T19:00:02","guid":{"rendered":"http:\/\/www.palada.net\/index.php\/2018\/02\/23\/news-5349\/"},"modified":"2018-02-23T11:00:02","modified_gmt":"2018-02-23T19:00:02","slug":"news-5349","status":"publish","type":"post","link":"http:\/\/www.palada.net\/index.php\/2018\/02\/23\/news-5349\/","title":{"rendered":"New Energy Companies: &#8220;Green,&#8221; Sustainable, and Profitable"},"content":{"rendered":"<p><strong>Credit to Author: Chris Dartnell| Date: Thu, 22 Feb 2018 21:11:33 +0000<\/strong><\/p>\n<p>Future growth hinges on the appropriate response to present conditions while strategically developing longer-term plans. For most industries, social, environmental, and political issues are having increasingly greater impact in reshaping the present and future business environment. In particular, the oil and gas (O&amp;G) industry is challenged to reliably and economically deliver transportation fuels in the present day while working strategically to provide \u201ccleaner\u201d energy products in the future.<\/p>\n<p>Globally, governments are passing legislation to address climate strategy. New laws promote sustainable operations and lowering carbon emissions from mobile and stationary sources. Low-carbon fuels and renewable energy are also strong options to achieve sustainability goals. Looking ahead, the global economy is progressively moving toward clean, green, and affordable energy. Accordingly, O&amp;G companies must find a balance in providing energy and the shift toward sustainable operations. The move will require time, vision, and investment in R&amp;D to foster innovation.<\/p>\n<h4>Rating sustainable performance.<\/h4>\n<p>At present, O&amp;G companies are at various stages to comply with evolving social and environmental commitments. Sustainability is a very broad metric that includes performance in safety, environment, and social issues. The Dow Jones Sustainability Index (DJSI) is one rating system defining sustainable performance for a broad range of industries. The DJSI uses the Corporate Sustainability Assessment (CSA) conducted by RobecoSAM, a specialist group focused on sustainability investing. RobecoSAM has over 17 years of experience and data on sustainability performance for numerous businesses, including the O&amp;G industry.<\/p>\n<p>In 2016, RobecoSAM invited 3,400 companies to participate in the CSA. The DJSI selected 315 companies as top sustainable enterprises; notably, 20 O&amp;G companies are 2016 DJSI winners. For the O&amp;G industry, key sustainability assessment areas are:<\/p>\n<ul>\n<li><strong>Climate strategy<\/strong>-Low-carbon fuels and renewables<\/li>\n<li><strong>Operational eco-efficiency<\/strong>\u2014Energy management and conservation<\/li>\n<li><strong>Occupational health and safety<\/strong>\u2014Training and accident prevention programs<\/li>\n<li><strong>Social impact on communities<\/strong>\u2014Hiring local workers and vendors and accident\/emissions reduction.<\/li>\n<\/ul>\n<h4>Corporate strategies of the new energy companies<\/h4>\n<p>There are many different pathways to become a sustainable company, and the O&amp;G industry is making great progress in this area. Innovation is a key part of the journey to becoming a sustainable organization as demonstrated by several 2016 DJSI winners:<\/p>\n<p>Total SA (Total)-Silver Level DJSI 2016<\/p>\n<ul>\n<li>Ranked No. 4 in the global O&amp;G industry and a leader in the bioenergy fuels market<\/li>\n<li>Plans to have low-carbon business comprise 20% of its energy portfolio by 2035<\/li>\n<li>Solar and wind projects are a major part of Total\u2019s low-carbon sources<\/li>\n<li>A world leader in photovoltaic solar energy technology and is involved in major solar energy projects such as Shams, the world\u2019s largest solar project in the United Arab Emirates<\/li>\n<li>Converting its La M\u00e9de refinery to a biorefinery that will be powered by 8-MW solar farm as part of climate strategy and eco-efficiency improvements.<\/li>\n<\/ul>\n<div id=\"attachment_45614\" style=\"max-width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-45614 size-full\" src=\"https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/02\/Solar-project.jpg\" alt=\"\" width=\"960\" height=\"466\" srcset=\"https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/02\/Solar-project.jpg 960w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/02\/Solar-project-300x146.jpg 300w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/02\/Solar-project-768x373.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/p>\n<p class=\"wp-caption-text\">Solar project developed by Total in the Middle East. Source: Total<\/p>\n<\/div>\n<p>Royal Dutch Shell Plc (Shell)-Bronze Level DJSI 2016<\/p>\n<ul>\n<li>Ranked No. 2 O&amp;G company by <em>Forbes<\/em><\/li>\n<li>Created New Energies group to explore opportunities that combine wind and solar power with natural gas<\/li>\n<li>In 2017, the company divested its interest in oil sands to pursue increased natural gas resources as part of its low-carbon and sustainability plans.<\/li>\n<li>In 2016, Shell acquired BG, creating the world\u2019s largest LNG company<\/li>\n<li>In July 2017, Shell\u2019s first floating liquefied natural gas (FLNG) vessel, <em>Prelude<\/em> arrived off the northwest shelf of Australia. <em>Prelude <\/em>is part of Shell\u2019s plan to provide more low-carbon resources for power generation.<\/li>\n<\/ul>\n<p>Neste Oy-10 years on DJSI<\/p>\n<ul>\n<li>World\u2019s largest renewable fuels producer, using palm and waste oils<\/li>\n<li>Neste began development of renewable diesel with a pilot unit at the Provoo, Finland refinery<\/li>\n<li>Over the past 10 years, Neste constructed and operates two world-scale renewable fuels operation at Singapore and Rotterdam, The Netherlands<\/li>\n<li>Besides climate strategy with renewable fuels, Neste comprehensive human and labor rights programs to improve conditions for migrant workers within palm-oil supplying countries<\/li>\n<li>The company has increased\u00a0 the transparency of its supply chain and is vigilant on preserving forest and the environment.<\/li>\n<\/ul>\n<h4>More DJSI 2016 companies<\/h4>\n<p>Schneider Electric is a Gold level DJSI winner for four consecutive years. Like the O&amp;G DJSI winners, Schneider Electric is continuously working toward improving the three sustainability KPIs\u2014Economic, Environment, and Social. Schneider Electric is leading the digital transformation of energy management and automation. Using IoT-enabled solutions to seamless connect, collect, analyze, and act on data in real-time delivering enhanced safety, efficiency, reliability, and sustainability performance of major industries, including O&amp;G.<\/p>\n<p>As proven by DJSI companies, a green future can be achieved through safer practices, less emissions, and innovative renewable energies. Deploying leading-edge technologies enables maintenance of normal operations that minimize accidents and protect workers, communities, and the environment. More importantly, sustainable companies are profitable.<\/p>\n<p>Visit us at CERAWeek where Schneider Electric is a proud Industry Partner Sponsor.<\/p>\n<p> <a href=\"https:\/\/blog.schneider-electric.com\/?feed-stats-url=aHR0cHM6Ly9jZXJhd2Vlay5jb20v&#038;feed-stats-url-post-id=45612\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-46040\" src=\"https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/02\/2-22-2018-3-53-07-PM-1024x196.jpg\" alt=\"\" width=\"1024\" height=\"196\" srcset=\"https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/02\/2-22-2018-3-53-07-PM-1024x196.jpg 1024w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/02\/2-22-2018-3-53-07-PM-300x57.jpg 300w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/02\/2-22-2018-3-53-07-PM-768x147.jpg 768w, https:\/\/blog.schneider-electric.com\/wp-content\/uploads\/2018\/02\/2-22-2018-3-53-07-PM.jpg 1155w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.schneider-electric.com\/?feed-stats-post-id=45612\" width=\"1\" height=\"1\" style=\"display: none;\" \/><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/blog.schneider-electric.com\/oil-and-gas\/2018\/02\/22\/new-energy-companies-green-sustainable-profitable\/\">New Energy Companies: &#8220;Green,&#8221; Sustainable, and Profitable<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/blog.schneider-electric.com\">Schneider Electric Blog<\/a>.<\/p>\n<p><a href=\"https:\/\/blog.schneider-electric.com\/oil-and-gas\/2018\/02\/22\/new-energy-companies-green-sustainable-profitable\/\" target=\"bwo\" >http:\/\/blog.schneider-electric.com\/feed\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>Credit to Author: Chris Dartnell| Date: Thu, 22 Feb 2018 21:11:33 +0000<\/strong><\/p>\n<p>Future growth hinges on the appropriate response to present conditions while strategically developing longer-term plans. For most industries, social, environmental, and political issues are having increasingly greater impact in reshaping&#8230;  <a href=\"https:\/\/blog.schneider-electric.com\/oil-and-gas\/2018\/02\/22\/new-energy-companies-green-sustainable-profitable\/\" title=\"ReadNew Energy Companies: &#8220;Green,&#8221; Sustainable, and Profitable\">Read more &#187;<\/a><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/blog.schneider-electric.com\/oil-and-gas\/2018\/02\/22\/new-energy-companies-green-sustainable-profitable\/\">New Energy Companies: &#8220;Green,&#8221; Sustainable, and Profitable<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/blog.schneider-electric.com\">Schneider Electric Blog<\/a>.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[12389,12388],"tags":[12477,17609,17610,17611,17612,12512,10495,12508,12411,6549,12427],"class_list":["post-11578","post","type-post","status-publish","format-standard","hentry","category-scadaics","category-schneider","tag-carbon-emissions","tag-ceraweek-2018","tag-cleaner-energy","tag-climate-strategy","tag-green-energy","tag-iiot","tag-iot","tag-machine-and-process-management","tag-oil-and-gas","tag-renewable-energy","tag-sustainability"],"_links":{"self":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/posts\/11578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/comments?post=11578"}],"version-history":[{"count":0,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/posts\/11578\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/media?parent=11578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/categories?post=11578"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/tags?post=11578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}