Yesterday, Energy Factors launched what is, reportedly, “the world’s initial universal metric for measuring sustainability.” While there are diverse measurements and labels out there for diverse sustainability topics, Electricity Points statements that it is the 1st to give a comprehensive measurement (and, as far as I know, it is).
How Vitality Details Functions
Right here’s a lot more from Electricity Details on exactly where the inspiration for the metric program came from, and what sorts of details it contains:
“According to the 2011 Sustainability & Innovation World-wide Executive Study and Study Task by MIT Sloan Conduite Critique and Boston Consulting Group, 68 percent of firms explained their concentrate on sustainability increased in the earlier year, whilst 66 percent of respondents stated that it was necessary to be competitive1. Despite this perception, there is no universal standard for measuring sustainability in an actionable way. While some organizations measure it in phrases of general expense reduction, others measure Greenhouse gas emissions reductions. Taken individually, these are laudable goals, but they do not account for the variables that can impact sustainability, which includes different fuel sources, geographic spots, electricity generation and much more. To make impactful and measurable choices, Electricity Points supplies executives with a universal metric that generates a extensive and uniform see of how diverse sustainability initiatives affect an organization.
“Energy Details gives a accurate measure of environmental sustainability by changing all domains (like electrical power, drinking water, transportation, etc…) into a simple frequent unit of measurement. This permits corporations, utilities and vitality services companies (ESCOs) to make comparative, intuitive and fact-dependent decisions throughout all business locations, making a higher financial and environmental return. Businesses can also measure their publicity to the altering electricity market place, estimate its environmental footprint and assess sustainability overall performance towards rivals.”
Increasing Clarity
Even for an individual who cares about the environment, or is obsessed with it, figuring out environmental measurements and labels can be a challenge. Energy Points tries its hand at offering a simplified front stop for customers that provides the net impact of all kinds of environmental information as a straightforward metric, Vitality Per Gallon (EPG). ”We all realize what a gallon of gasoline does in our autos and devices,” Vitality Points remarks. I’m certain everyone doesn’t have a feeling for what 1 gallon of gasoline equates to, but it’s almost certainly as very good a measurement as you can come up with to consider to achieve the broadest feasible audience these times.
Of training course, the driving-the-scenes operate that goes into presenting that basic figure is not so easy. It is primarily based on “years of growth function and validation by major faculty and scientists at Boston University and MIT,” the firm informs us.
“The EnergyPoints system brings together a exclusive analytics algorithm with GIS info that normalizes all sustainability data to provide the true worth of the all-natural assets becoming consumed. These measurements are computed throughout an complete organization and are based mostly on the nearby combine of electricity sources and resource scarcity (such as drinking water). The platform offers more measurement throughout areas, states, metropolitan areas and even precise facilities to get a accurate account on the influence of an organization’s sustainability initiatives.”
1st Round of Funding Secured
The firm also declared yesterday that it had secured an first spherical of financing, totaling $ 3 million and led by Program B Ventures.
“We believe that Power Details will modify the way sustainability choices are created – supplying organizations with the equipment to make selections primarily based on their true organizational impact,” explained Barbara Goldman, companion at Plan B Ventures. “We search forward to supporting the company’s progress and the establishment of the Power Point as the defacto sustainability normal.”
As element of the funding deal, Goldman is signing up for Power Details’ board of directors.
Appears like an intriguing metric system for measuring corporate or project sustainability a lot more comprehensively. Some thing I’ll be retaining an eye on.
Source: Power Points
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