The UN Global Compact and Accenture Identify Business Opportunities of Sustainable Energy

  The UN Global Compact and Accenture Identify Business Opportunities of
  Sustainable Energy

Business Wire

LONDON -- November 08, 2012

The UN Global Compact and Accenture (NYSE: ACN) have today released a series
of new reports, Sustainable Energy for All: The Business Opportunity.
Outlining business action across 19 industry sectors, the reports highlight
how businesses can create value by supporting the UN Secretary-General’s
Sustainable Energy for All initiative, which aims to expand energy access
worldwide, improve energy efficiency and increase the share of renewables.

The body of work features 19 “Industry Opportunity” reports focusing on
individual sectors, including retail; food and agriculture; automotive;
information and communications technology (ICT); chemicals; mining; utilities;
transportation; healthcare; financial services; travel and leisure; and
renewable energy. The reports aim to provide guidance and inspire companies
across all industries to take action in pursuit of sustainable energy.

Based on research and interviews with more than 70 companies, the reports
recommend several industry priority actions designed to advance the goals of
Sustainable Energy for All.

Fifty percent of the recommended actions within the reports focus on energy
efficiency, 38 percent on renewable energy use and 12 percent on access to
energy. The five most common priority actions identified across all sectors
were driving energy efficiency in operations as well as through energy
efficient products and services; the use of renewable energy in operations;
reusing waste streams; and engaging in stakeholder engagement and advocacy.

Highlighting that all industry sectors have a role to play in advancing the
sustainable energy agenda, the reports point to four ways in whichbusinesses
can derive value from supporting the initiative: reducing cost, mitigating
risks, generating new revenues and enhancing brand reputation. For example,
the reports estimate that the mining industry could reduce costs by up to 10
to 15 percent; retail by up to 20 percent; utilities by up to 25 percent; and
public building portfolios by up to 35 percent.

The new reports also identify two major challenges: the lack of global policy
and regulatory solutions, and the subsequent need for sectors to introduce
industry-wide standards that provide governments with a framework to support.
Meanwhile, the high level of risk associated with the recommended actions is
also identified, and incorporates suggestions that the creation of new
financing mechanisms and instruments will be required by both the public and
private sectors.

“The business community is well-positioned to lead the effort to advance the
goals of Sustainable Energy for All, and to generate new revenue streams and
reduce costs as they do so,” said Georg Kell, Executive Director of the UN
Global Compact. “While government incentives are critical, sector-wide
initiatives will be key to make progress without compromising healthy
competition. The business case for action is compelling.”

“It is clear that real progress in delivering sustainable energy to the 1.3
billion people who don’t have it today will be achieved within industry
sectors,” said Dave Abood, managing director, Sustainability Services North
America at Accenture. “Leading companies will compete and collaborate to drive
affordable innovations at scale, but policy and financial innovation will play
a part too. These industry reports will help all stakeholders agree joint
steps forward.”

About Sustainable Energy for All

Launched by the United Nations Secretary-General Ban Ki-moon, Sustainable
Energy for All brings together governments, businesses and civil society
groups in an unprecedented effort to transform the world's energy systems by
2030. The Secretary-General has set three complimentary objectives for the
initiative, all to be achieved by 2030: ensure universal access to modern
energy services; double the global rate of improvement in energy efficiency;
and double the share of renewable energy in the global energy mix.
www.sustainableenergyforall.org

About the UN Global Compact

Launched in 2000, the United Nations Global Compact is a both a policy
platform and a practical framework for companies that are committed to
sustainability and responsible business practices. As a multi-stakeholder
leadership initiative, it seeks to align business operations and strategies
with ten universally accepted principles in the areas of human rights, labour,
environment and anti-corruption, and to catalyze actions in support of broader
UN goals. With 7,000 corporate signatories in 135 countries, it is the world’s
largest voluntary corporate sustainability initiative. www.unglobalcompact.org

About Accenture

Accenture is a global management consulting, technology services and
outsourcing company, with 257,000 people serving clients in more than 120
countries. Combining unparalleled experience, comprehensive capabilities
across all industries and business functions, and extensive research on the
world’s most successful companies, Accenture collaborates with clients to help
them become high-performance businesses and governments. The company generated
net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its
home page is www.accenture.com

Contact:

Accenture
Chris Allieri, + 917 452 5161
chris.allieri@accenture.com
or
United Nations Global Compact
Kristen Coco, + 917 367 8566
cocok@un.org
 
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