How Do Commercial Solar Panels Impact Corporate Social Responsibility (CSR)?

Park Plaza solar array

Over the last few years, the profile of corporate social responsibility (CSR) (also referred to as ESG ) has risen dramatically. Despite sometimes negative press coverage, adopting sustainable business practices has become a crucial element of business strategy. As part of that, companies are increasingly turning to solar energy as a way to demonstrate their CSR / ESG commitment and to help play a part in the transition to a more sustainable future. This blog explores how embracing solar energy aligns with CSR and the positive effects it has on the environment and society – along with some interesting statistics to support the case.

The Shift Towards Sustainable Practices

Global warming and climate change are undeniable challenges facing our planet. Corporations, being significant contributors to carbon emissions, are now re-evaluating their environmental impact – often due to direct pressure from customers, employees and funders. Adopting solar energy is a powerful step in this direction. It’s not just about reducing carbon footprints; it’s about setting a precedent in the industry and showing a commitment to a sustainable future.

Solar Energy: A Keystone of Corporate Environmental Responsibility

Solar energy is one of the most efficient and accessible forms of renewable energy. For companies, it represents a practical solution to reduce reliance on fossil fuels and to cut greenhouse gas emissions. By integrating solar panels into their operations, businesses can significantly reduce their environmental impact, contributing positively to their CSR goals.

According to the UK Department for Business, Energy & Industrial Strategy (BEIS), the energy sector accounted for about 21% of the UK's GHG emissions in 2021. By adopting solar energy, businesses can play a crucial role in reducing these emissions.

Annual CO₂ Savings from Commercial Solar Panels

System Size (kW)	Annual Energy Production (kWh)	Annual CO₂ Savings (tons)
50 kW	55,00	25
100 kW	110,000	50
250 kW	275,000	125
500 kW	550,000	250
1 MW	11,100,000	500

Note: The CO₂ savings are based on the average emissions factor for grid electricity in the UK, which is approximately 0.45 kg CO₂ per kWh.

Economic Benefits Aligning with Environmental Goals

Contrary to the misconception that environmental responsibility is costly, solar energy can offer long-term financial savings. Reductions in energy costs, resilience to fluctuating energy costs, and an improved public image are just a few of the economic and commercial benefits. This alignment of economic and environmental interests is driving more businesses to invest in solar energy.

According to the Solar Energy Industries Association (SEIA), businesses that install solar panels can save an average of 75% on their energy bills over 25 years (UK Department for Business, Energy & Industrial Strategy (BEIS) : Solar Energy Industries).

Enhancing Corporate Reputation

Investing in solar energy demonstrates a company's commitment to environmental stewardship, which can enhance its reputation among customers, investors, and stakeholders. A strong CSR profile can attract environmentally conscious consumers and improve customer loyalty.

A study by Simon-Kucher & Partners found that 85% of people globally have moved towards buying from brands that are more sustainable over the past five years. Additionally, one-third of consumers are willing to pay more for a sustainable brand.

Attracting and Retaining Talent

Employees are increasingly looking to work for companies that prioritise sustainability. By investing in solar panels, businesses can attract and retain top talent who value working for a socially responsible organisation.

According to a study by the IBM Institute for Business Value, two-thirds of surveyed employees stated they are more likely to apply for and accept a job from an environmentally responsible employer.

Supporting Sustainable Development Goals (SDGs)

The United Nations' Sustainable Development Goals (SDGs) provide a global framework for addressing pressing environmental and social challenges. By investing in solar energy, companies can contribute to several SDGs, including affordable and clean energy (SDG 7), climate action (SDG 13), and responsible consumption and production (SDG 12).

The International Renewable Energy Agency (IRENA) reports that solar energy could reduce global CO₂ emissions by up to 4.9 gigatons annually by 2050. This could keep global warming to within acceptable and sustainable levels.

Driving Innovation and Technological Advancement

The adoption of solar panels drives innovation in the renewable energy sector. By investing in solar energy, companies support the development of new technologies, such as energy storage solutions and smart grid systems. These advancements can lead to more efficient and cost-effective renewable energy solutions for the future.

To summarise

Commercial solar panels offer a multitude of benefits that align with CSR / ESG goals. From reducing carbon emissions and enhancing corporate reputation to attracting top talent and supporting global sustainability initiatives, solar energy is a powerful tool for promoting CSR. By investing in solar panels, your company can play a crucial role in the transition to a greener future, demonstrating leadership in environmental stewardship and contributing to a more sustainable world.

Talk to us

Investing in commercial solar panels can be a wise financial move for many businesses. The reduction in annual electricity costs provides a clear financial benefit, which is enhanced by a range of further commercial benefits. At Eden, all of our system designs look at these factors and we ensure that we capture these in any proposal we make to you.

If you’re thinking about making the switch to a more sustainable energy future, then contact us via our website and we’d love to help you unlock the benefits.