4 ways utility companies are developing greener initiatives

What is meant by green initiatives?

Green initiatives refer to the stability of the environment and ecosystem. The aim of green initiatives is to improve and preserve the environment by using eco-friendly, sustainable and environmentally safe alternatives and practices. Companies from all industries and sectors are increasingly looking to integrate greener initiatives into their business operations to reduce waste and pollution and conserve resources.

How are utility companies developing greener initiatives?

Green initiatives can significantly impact the environment and economy, which is why companies across the utilities industry are incorporating these beneficial practices into their organizations. Take a look at 4 ways this can be achieved.

Renewable Energy Sources

Renewable energy can be harnessed from many sources such as solar panels, wind turbines, biomass plants and hydropower stations. The more of these that are built, the higher the ratio of green energy on the grid. Using renewable energy sources allows green energy utility companies to offer customers a choice between renewable energy or traditional on their utility bills. As more customers are eco-invested in today’s society, the likelihood of choosing green power increases, as does the demand for renewable energy resources.  

Sustainable Supply Chain

A sustainable supply chain is key to organizations' impact on the environment. Companies should take both a long-term and short-term view when considering how they can positively affect their supply chain—using materials that are low-carbon to manufacture and sourcing equipment that is low-carbon to use. Sustainable design and engineering practices, as well as logistics processes that are optimized to reduce carbon footprint and emissions, are ways they can implement a sustainable supply chain.  

Reduce Waste

Utility companies are taking advantage of the many recycling schemes available to minimize landfill waste. And sustainable business practices can extend to the optimization of running energy, water and gas to customers. Projects that reduce waste bring a financial upside: by harnessing sustainable business practices, green utility companies can become energy efficient and decrease overhead costs.

Digitization

Green utility companies are more advanced with the use of technology than many other industries. Using digitized systems, such as an asset sensor or smart meter, can effectively streamline and monitor energy use and control emissions through data flow to help meet regulatory and corporate goals.

Green Procurement

Green or 'environmental' procurement refers to purchasing services and goods with minimal environmental impact, such as recyclable products or products made using recycled materials. Positively affecting the supply chain, this can reduce water and energy consumption at the manufacturing stage and at the end of life. As more customers are looking to utility companies to act responsibly, green procurement is a core objective for organizations looking to demonstrate green credentials to reduce their carbon footprint.

Here at Oxford Plastics, we understand the importance of green initiatives. We believe in sustainability, which is why we build recycled materials and recyclability into our product ranges. Find out more about our comprehensive range of products or get in touch with our friendly team today.