Innovation. Action. Integrity. Ameresco Releases Second Environmental, Social and Corporate Governance (ESG) Report Business WireInnovation. Action. Integrity. Ameresco Releases Second Environmental, Social and Corporate Governance (ESG) Report Business Wire
Impact Investing Forum 2022
London. Dec 07-08, 2022.
FRAMINGHAM, Mass .–(BUSINESS WIRED)–Ameresco, Inc. (NYSE: AMRC), a global cleantech integrator that specializes in energy efficiency and renewable energies, released today its 2021 Environmental, Corporate Governance (ESG). The report’s central theme is “Doing well by doing good: Innovation.” Action. Integrity.” This reflects the company’s ESG programs and strategic initiatives as well as its commitments for the future.
The 2021 ESG Report highlights Ameresco’s practices in business and operations, environmental advocacy, impact, employee engagement and giving back, safety and corporate responsibility. The company’s accountability to its stakeholders and long-term focus upon sustainability is strengthened by the public sharing of its initiatives, performance metrics, targets, and targets.
Ameresco was founded in 2000. Sustainability has been a core value of the company’s business. This includes energy saving customer projects, clean energy generation assets, workplace green initiatives, and giving back to local communities. The cumulative carbon offset of the company’s renewable energy assets, customer projects and other activities has exceeded 60 million metric tons. The 2021 report outlines the company’s continued pursuit of a net zero future. The firm has committed itself to reducing its customers’ carbon footprint by 500 million metric tons per year by 2050.
The company not only provides innovative energy solutions for customers but also looks inward in 2021 in order to establish new programs, practices, and transparency that will increase impact and accountability. Ameresco’s ESG report outlines its long-term commitments to contributing to a sustainable, decarbonized, equitable, and energy secure future.
George Sakellaris, President and CEO of Ameresco said that climate change is a major issue of our time. “We need to think creatively in order to play a key role in the transformation and resolution of climate problems. We have the opportunity to change the course of the energy industry together with our customers, partners and communities. We are unwavering in our commitment to net zero and are more ready to take action than ever before.”
The company has committed to net zero carbon operations by 2040 in scope 1 and 2 emissions. They will also establish greenhouse gas emissions reduction targets through Science Based Targets Initiative by 2025 to validate net-zero targets with science-based certification. The company used their smart AssetPlanner(R), a software that was designed for customers and prospects to analyze their carbon footprint. The report includes details on Ameresco’s 2020 carbon inventory and carbon baseline for 2019, as well as background information about their initial steps to reach net zero.
The company committed to investing in a workforce that empowers and unites and inspires. Many stories can be found in the report. They also plan to increase diversity and celebrate the unique backgrounds, creative differences and individual experiences that make up the One Ameresco group. In 2021, the company invested in employee engagement programs that included a companywide learning management program, employee recognition, and enhanced mental and well-being benefits.
Ameresco is committed to C.A.R.I.N.G. Their local communities. The company offered 16 hours of volunteer work to every employee in 2021. It also hosted several volunteer opportunities in the region and established a matching program for employee donations. Ameresco’s global footprint saw over 1,000 hours of volunteer work. More than $75,000 in employee donations was made to more than 60 non-profit 501 (c)(3) organizations. Matching funds were established through September 30, 2021.
Ameresco’s governance policies are focused on strict safety compliance, safe technology infrastructure, and meaningful corporate ethics. This ensures that complex energy projects are completed with integrity. The report details Ameresco’s commitment to achieving world-class safety performance, including zero injuries or accidents, cybersecurity best practices and greater diversity in leadership.
Ameresco’s ESG ambassadors, which include team members from different functions and geographies, were established in 2021 to engage all stakeholders in achieving the company’s ESG goals and programs. The group was established in 2020 and aims to communicate and understand the many ways ESG is intertwined with company operations. The company plans to continue investing in its ESG programs for many years to come.
“As the Executive Chairman of our ESG Ambassador Group, I am personally and professionally energized and inspired by the increased awareness of ESG across all market sectors. I am also thrilled at the way that organizations are taking action with conviction, and at scale. Our ESG strategic initiatives in 2021 were implemented in parallel to customer projects focusing on meaningful decarbonization. Global attention to climate change, environmental equity and social responsibility is a catalyst of opportunity. Doran Hole, Chief Financial Officer and Executive Chair of Ameresco’s ESG Ambassador group, said the above.
To view the 2021 Ameresco ESG report, please visit: http://www.ameresco.com/2021-esg-report/
Visit www.ameresco.com to learn more about Ameresco’s cleantech solutions.
About Ameresco, Inc.
Ameresco, Inc. was founded in 2000 and is a leader in cleantech integration and the development and operation of renewable energy assets. Our extensive portfolio includes energy efficiency, infrastructure improvements, asset sustainability, and renewable energy solutions that we deliver to clients across North America and the United Kingdom. Ameresco’s sustainability support services for clients’ pursuit to Net Zero include upgrades of a facility’s energy infrastructure as well as the development, construction and operation of distributed energies. Ameresco has completed numerous energy-saving, environmentally responsible projects for Federal, State, and Local governments, Healthcare and Educational Institutions, Housing Authorities, and Commercial and Industrial customers. Ameresco employs more than 1,000 people in Framingham (MA), where it has its corporate headquarters. Visit www.ameresco.com for more information.
This release contains forward-looking statements as defined by federal and state securities laws. These statements include statements about our goal to achieve net zero emissions by 2040, our strategies for achieving this goal, and the underlying assumptions. You can identify forward-looking statements in some cases by terms such “may,”” “will,”” “should,”” “expects,”” “should,”” “should,”” “anticipates,””could,””intends,””target,””projects,””contemplates,””believes,””estimates,””predicts,” or “continue” and the negative of these terms, or similar expressions. Forward-looking statements include all statements, other than statements of historical facts, in this report. These forward-looking statements are based on current expectations for future events and should not be relied upon. For important information about the risks and uncertainties that could cause actual results to vary materially from the assumptions, expectations, and projections expressed in any forward-looking statements, please refer to the “Forward-Looking Statements” and “Risk Factors” sections of our filings with the Securities and Exchange Commission, all of which can be found at https://ir.ameresco.com/sec-filings.