Voluntary Initiatives

As efforts to mitigate the impacts of climate change intensify, greenhouse gas (GHG) emissions – and their sources – are facing increased scrutiny from governments and the public. Energy companies are navigating unfamiliar risks, opportunities, and challenges brought on by evolving environmental regulations, emerging carbon markets, and a growing end user demand for sustainable energy. The transition is underway and unavoidable. How should energy companies confront it? Better yet, how might they take advantage?

A voluntary emissions reductions initiative is a coordinated effort managed by an administering organization that enables participants to take standardized voluntary steps towards targeting, achieving, and/or taking credit for emissions reductions.

Highwood has produced a free report on Voluntary Emissions Reduction Initatives for Responsibly Sourced Gas. We have found the following findings:

  1. Verification via independent auditing is the exception, not the norm
  2. Voluntary initiatives tend to be broad in geographical and sectoral scope
  3. Most initiatives are nonprescriptive in terms of technology use
  4. Commitments are more common than certifications, guidelines, and ESG ratings
  5. Participation is often limited to companies, excluding governments, coalitions, and other groups
  6. Certification programs are new, limited in number, and have low participation
  7. Full public disclosure of unaggregated data is never required

Download the report below and connect with Highwood for more information on how to take advantage of these initiatives.

Download the 2021 Voluntary Initiatives Report

A growing number of voluntary emissions reduction initiatives exist for companies that want to demonstrate leadership to investors, end users, and the public. But the space is noisy; how initiatives compare, and the benefits of participation remain unclear. To shed light on these matters, Highwood has published this report.

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