Environment
Environmental, Social, and Governance (ESG) criteria have become essential in assessing a company’s sustainability and social impact. The environmental component of ESG evaluates how a company interacts with the natural environment, focusing on factors such as the consumption of natural resources, greenhouse gas emissions, and waste management practices. As climate change and environmental degradation intensify as global challenges, companies that prioritize sustainable practices and minimize their ecological footprint tend to excel in the environmental aspect of ESG.
The “E” in ESG
The environmental dimension of ESG scrutinizes a company’s effects on the natural world. Key areas of focus include:
- Greenhouse gas and pollutant emissions
- Utilization of natural resources
- Waste management and disposal practices
New Rise Renewables: Leading the Way with Sustainable Aviation Fuel
New Rise Renewables is dedicated to reducing greenhouse gas emissions through the production of sustainable aviation fuel (SAF). Integrating SAF into aviation operations can significantly decrease greenhouse gas emissions, contributing to improved air quality and a reduction in the industry’s environmental footprint.
Benefits of Sustainable Aviation Fuel in Reducing Greenhouse Gas Emissions:
94%
reduction in greenhouse gas emissions compared to conventional aviation fuels (U.S. Department of Energy)
80%
reduction in carbon dioxide emissions on a life-cycle basis (Air Transport Action Group)
56.4%
increase in the compound annual growth rate of the global SAF market (Allied Market Research)
How New Rise Renewables Contributes
Beyond the environmental benefits, sustainable aviation fuel (SAF) also offers economic advantages. SAF, such as the fuel produced by New Rise Renewables in Reno, Nevada, reduces dependence on foreign oil and boosts local economies by supporting domestic production. Additionally, using SAF enhances a company’s reputation by showcasing a strong commitment to sustainability and environmental responsibility.
For investors and stakeholders, a company’s adoption of sustainable aviation fuel is a powerful indicator of its proactive approach to environmental risks and opportunities. Companies that invest in renewable energy and green technologies, like SAF, are often viewed as leaders in sustainability, positioning themselves to leverage growth and innovation.
Sources
U.S. Department of Energy. (2024). Sustainable Aviation Fuel. Retrieved from:
https://afdc.energy.gov/fuels/sustainable-aviation-fuelAir Transport Action Group. (2024). Sustainable Aviation Fuel. Retrieved from:
https://atag.org/industry-topics/sustainable-aviation-fuelAllied Market Research Group. (2024). Sustainable Aviation Fuel Market. Retrieved from:
https://www.alliedmarketresearch.com/sustainable-aviation-fuel-market-A13064