Solar energy has made its presence more vibrant in the corporate sector business environment with its various applications and effects. Apart from adoption of solar energy in business process itself that curtails the overall energy expenses for the business, utilization of it renewable and solar energy in CSR activities helps in taking CSR activities to an all new level, spreading a positive image for the company.
In our continued CSR round up, we are looking at solar energy, one of the most relevant and effectively conveyed forms of renewable energy. It got into limelight, with all the global countries committing to renewable energy goals in the recent Paris Agreement. We see now the interest from various companies in utilising this resource towards their CSR goals. Following are some of the principal factors that have enabled its popularity:
Employee Productivity: The effects of global warming are real and more visible, day by day, which clearly would mean lower productivity owing to increasing heat through potential employee ineffectiveness at work. The losses due to increasing heat can run into billions for the global manufacturing community. There is an overall agenda by majority of countries to make an effort in the direction of making renewable energy 100% by the year 2050.
Efficient and Cheaper: Renewable are becoming cheaper and more efficient owing to remarkable innovation in manufacturing techniques, thereby making it a cost-effective solution even for SME’s. In some cases, the prices have fallen by 80 percent over the last 8 years, thereby making it a consideration for both domestic and industrial purposes. As a result, there’s now three times more wind power and 15 times more solar power in the world than in 2007. At the same time, there is a tremendous enhancement in efficiency of renewable energy. Thinner solar panels have been developed that enable generation of solar energy even in cloudy atmosphere thereby increasing the geographic and demographic coverage of solar application. This is a clear indication of the fact that the community has an increased care of the world we live in. Promotion of renewable energy has now become one of the important factors in assessing suppliers.
Increased Employment Opportunities: A recent Greenpeace estimate found that, if the world switched 70 percent of electricity programs to renewable energy, the resulting savings would be $180 billion each year. Actually, improved renewable energy initiatives have boosted employment, with 380,000 new jobs created in Germany — where one-quarter of their national energy demands are being met by renewables. Thus, renewable energy is playing a significant role in cost-cutting for various businesses.
Visible Impact: A business that adapts to renewable energy should do so visibly, as it has a positive public stigma. In addition to possible cost savings, it also has the potential for a very positive PR impact; along with a morale boost among employees and customers alike. Visible solar energy initiatives, for instance, are a great way to shift public perception toward the positive.
Some CSR projects have done phenomenal work in doing their bit for improving the environment, which is very commendable. We give an overview of three such projects in this article:
Renewable energy looks pretty good for business.
This project is executed under the CSR (Corporate Social Responsibility) program utilizing the renewable source of Energy. The largest Banking and Financial services company of India, STATE BANK of INDIA (SBI), Bengaluru circle, took the initiatives of funding to the project. All specified Branch Managers and Village Point of Contacts have given out social support and participated in CSR Sustainable energy Street light with Lithium-Ion battery technology Implementation Program to the various identified location to support quality of life at various adopted villages across Karnataka.
The main enthusiasm behind this project is to provide light for the needy during nights without putting financial stress since most of the identified places by the Bank Managers are in pretty much need of basic necessaries and lighting is the major problem during nights.
With the integrated team effort of SBI LHO Bengaluru, Regional/Branch Managers, Village Panchayat point of contacts and villagers, the project is carried out and completed successfully by UV Green Energy Team in 212 villages spread across 156 SBI branches.
The Rooftop projects at various government schools are executed under the CSR (Corporate Social Responsibility) program utilizing the renewable source of Energy.
The RBITC (Rotary Bangalore IT Corridor) took the initiative to facilitate the CSR funds from corporate to these projects. The main enthusiasm behind these projects is to have reduced electricity bill with the use of provided computer lab & RO water purifier installed. It helps in avoiding financial stress to the school management, earlier facing suffocation. The schools are not affected by the power cut interventions.
UV Green Energy Team extended the knowledge of Solar Rooftop Off-Grid System to the teaching staff of the school and children as well.
NGO- RBITC (Rotary Bangalore IT Corridor)
Implementation Partner- UV Green Energy
The 3rd largest retailer company in the world TESCO took the initiatives in funding this project. CSR is at the heart of TESCO’s operations and this commitment is referred as ‘TESCO in Society’. The value line tagged to TESCO’s name is –‘Every little help makes a big difference’. With this kind of vision TESCO initiated environment friendly CSR activities in a unique way of reducing carbon footprints to save the Mother Nature.
“Care for Nature- Environment focused initiatives”.
Under this initiative, TESCO in association with RWCT (Rotary Whitefield Central Trust) took an initiative to light up dark streets with solar street lights having latest lithium-ion battery technology solutions. TESCO undertakes its CSR initiatives with an objective to bring about effective change as a responsible corporate citizen.
1. It facilitate illumination of the villages, slums and schools through green energy initiatives
2. Working towards environmental related cause like reducing carbon footprint, use of fossil fuels etc.
As a part of their current year’s CSR activity, 50 solar street lights were lighted up in 13 villages & Schools across Whitefield, Bengaluru.
Author: Manoj Kabre
Manoj Kabre, Vice President of Indo-MIM Pvt Ltd, has directed and headed the sales & marketing function for Asia and parts of Europe, spoke at various forums across the world for propagating the MIM technology. His laudable work includes, Chairing – CSR Committee of RBWC, Founding of CaN Trust (NGO), working for needy children. He is also on advisory committee of ‘Your Philanthropy Story’ (YPS) which captures stories through interviews of heroes and the cause they are associated with.