Solgrid Sustainable Energy

Renewable Energy
Updates & News

Sustainability is the key to business competitiveness

It is clear sustainability is not just about values and ethical principles, but has a direct impact on companies’ fundamentals and financials.

Going Green

Sustainability is much more than a buzzword or a “nice-to-have” these days. It has been at the forefront of the Government’s plans with the signing of the Climate Action and Low Carbon Development (Amendment) Act that was signed into law in 2021, which commits Ireland to a legally-binding path to net zero emissions by no later than 2050, and a 51 per cent reduction in emissions by the end of this decade.

For businesses sustainability has also become much more important, with many industries similarly committing to net-zero measures. While it might be seen as a purely virtuous endeavour, there can be a competitive advantage for those companies who implement such measures.

Sustainability is a trend that has rapidly moved from being a niche “nice-to-have” into a mainstream “must-embrace”, says Piergaetano Iaccarino, CFA, head of equity solutions, Amundi. “Companies are dealing with both fundamental and reputational drivers that cannot be assessed in silos anymore because of their deep interconnection.

To read the full article, please click here