The renewable energy industry is evolving and investors are increasingly aware of the impact and consequences that the mismanagement of Corporate Social Responsibility policies (CSR) has on their reputation. This is the finding of the first ‘Risks of renewable energy projects’ report, published by Blue Tree Asset Management (BTAM), a firm specialised in the comprehensive management of renewable energy projects, and the international legal firm CMS Albiñana & Suárez de Lezo, in which 110 renewable energy project investors from seven countries have taken part.
The report highlights that 95% of investors surveyed agree that CSR policies can mitigate important risks, provided they are well defined for each specific case, implemented in an appropriate manner and are adapted to the type of investor, size of the investment, technology and region. In this context, 77% of investors accept that they are familiar with CSR policies, with 72% believing that the mismanagement of Health & Safety directly impacts on investors’ reputation.
Consulted investors recognise that where their service providers implement robust CSR policies, an overall reduction in investor risk is achieved. However, only 27% of them request providers to comply with certain environmental and social criteria and 37% of those surveyed indicate that they do not communicate CSR policies and activities to stakeholders. Read more…
Article published in: FuturENERGY January-February 2017