Energy Transition

Many companies have begun integrating environmental and sustainability priorities into their products and services. As Gelber & Associates continues to expand our sustainability offerings, it was necessary to formalize these practices into a cohesive group under one hypernym.

Taking stock of the current landscape suggests a few popular umbrella terms you may be familiar with: Sustainability, Net-Zero, Environment, Social, and Governance (ESG), Energy Transition. In many instances, sustainability has become the blanket term of choice. It’s often used interchangeably with ESG to encompass environmental initiatives alongside social and governance commitments, like workforce development and diversity in leadership.

One vital aspect of ESG is the focus on transparency and accountability while analyzing a company’s impact on their environment and community. Net-Zero, on the other hand, fits with more targeted goals and services, but is almost too specific for the group as a whole. Energy Transition, however, is the perfect middle ground that gives an explicit sense of direction and combines advantages of all the options.

As we enter the second half of 2021, there is no question that both corporate and governmental sustainability initiatives are accelerating. While partially due to the political swings in federal and state governments, the growing momentum of the industry indicates that this will not be a temporary trend. As such, there is an opportunity for broader, long-term projects alongside short-term analysis, and the phrase “Energy Transition” best captures the opportunity for both.

Understanding and addressing companies’ impacts on the environment requires data driven analysis, transparency, and accuracy. There has been an anticipated fluctuation between differing climate priorities and approaches from the legislative side, which is expected to continue with political changeover. G&A recognizes the potential for uncertainty brought about by movement in the political framework and aims to provide stable, strategic services and resources that are up to date with regulations. The idea of a “transition” recognizes that necessary changes will be a long process, and G&A will be here to maneuver the industry through the work ahead.