NA Sustainability & Responsibility Summit

NA Sustainability & Responsibility Summit

The North American Sustainability & Responsibility Summit will bring together a “who’s who” of industry experts and service and solution providers from across North America to network, benchmark, learn, and share the real-world solutions to universal challenges that face every Sustainability, EHS, and ESG professional in their working lives.

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Consequently, incentives to reduce energy consumption have been misaligned among utilities, consumers, and society at large. Electric utilities, driven by financial motives to expand electricity sales and increase revenues, often lack incentives to encourage energy efficiency, unless mandated by government policy. Despite this, reduced energy consumption can benefit both customers and society. Additionally, the energy efficiency gap inspired the creation of the energy services company (ESCO) model. This model enables service companies to profit from energy savings. Early ESCOs operated under performance-based contracts, particularly focusing on energy efficiency upgrades like lighting retrofits. Under these contracts, customers paid for lighting services while ESCOs covered the electricity costs for the new efficient lights. Consequently, ESCOs shared the risk of performance. This approach has been largely successful in promoting the adoption of energy-efficient technologies. Consequently, incentives to reduce energy consumption have been misaligned among utilities, consumers, and society at large. Electric utilities, driven by financial motives to expand electricity sales and increase revenues, often lack incentives to encourage energy efficiency, unless mandated by government policy. Despite this, reduced energy consumption can benefit both customers and society.