ESG (environmental, social, and governance) has become a vital metric for evaluating the sustainability and social impact of a company. The environmental portion of ESG focuses on a company’s impact on the natural world, including the use of natural resources, greenhouse gas emissions, waste management, and disposal practices. With climate change and environmental degradation becoming increasingly pressing concerns, companies that prioritize sustainable practices and reduce their environmental impact will score well on the environmental portion of ESG.
The “E” in ESG
The environmental aspect of ESG focuses on a company’s impact on the natural world. This includes:
- Emissions of greenhouse gases and other pollutants
- The use of natural resources
- Waste and disposal practices
New Rise Renewables is particularly focused on the reduction of greenhouse gases via renewable diesel. Incorporating renewable diesel into a company’s fleet of vehicles, equipment, or facilities can significantly reduce greenhouse gas emissions and improve air quality.
How Renewable Diesel Can Reduce Greenhouse Gas Emissions:
Reduction in greenhouse gas emissions compared to petroleum diesel (National Biodiesel Board)
Reduction in carbon dioxide emissions on a life cycle basis (US Department of Energy)
Metric tons annual reduction in greenhouse gas emissions in the United States alone (National Biodiesel Board)
Units of energy gained for every unit of fossil energy used in the production of renewable diesel (US Department of Energy)
How New Rise Renewables Helps
In addition to reducing greenhouse gas emissions, renewable diesel can also provide economic benefits for companies. New Rise Renewables’ renewable diesel is domestically produced in Reno Nevada, reducing reliance on foreign oil and supporting local economies. It can also improve a company’s brand image, demonstrating a commitment to sustainability and reducing its environmental impact.
Investors and other stakeholders can use a company’s use of renewable diesel as a way to evaluate its environmental risks and opportunities. Companies that invest in renewable energy and green technologies, such as renewable diesel, can position themselves as leaders in sustainability and may have opportunities for growth and innovation.
National Biodiesel Board. (2021). Biodiesel Basics. Retrieved from:https://www.biodiesel.org/what-is-biodiesel/biodiesel-basics/
US Department of Energy. (2021). Biodiesel Benefits. Retrieved fromhttps://afdc.energy.gov/fuels/biodiesel_benefits.html