I just went to the Solar Farm Summit, presented and spoke to the experts in the industry – one topic never came up – How will #esg requirements from companies like Cocacola Now and Walmart influence agricultural photovoltaics?
Just to make sure that everybody understands the terms – please google for more context – ESG (Environmental, Social, and Governance) ; #apv ( agricultural photovoltaics)/ #agrivoltaics / #agrisolar are kind of the same.
ESG requirements from companies like Coca-Cola and Walmart are likely to have a significant impact on APV, which is the practice of integrating solar panels into agricultural lands.
Firstly, these companies have committed to reducing their #carbonfootprint and promoting sustainable practices in their operations, which will require them to procure renewable energy. APV is a form of renewable energy that can be integrated into agricultural production and help reduce the carbon footprint of these companies. Therefore, the ESG requirements of these companies may drive the adoption of APV by their suppliers and partners. And not only that they will ask and require their suppliers to follow similar regiments to reduce the carbon footprint they will ask for strategic plans to get there and reports on the success.
ESG requirements are increasingly becoming a factor in investment decisions, with investors looking for companies that prioritize sustainability and social responsibility.
Secondly, APV can offer several benefits to #farmers , including providing an additional source of income, reducing water evaporation, and improving crop yield. By promoting the adoption of APV, these companies can encourage sustainable agricultural practices and support local communities. Given the ESG requirements farmers will be asked to support the goal of #carbonneutrality – it will be a challenge but also a huge opportunity through #solarfarming.
Finally, ESG requirements are increasingly becoming a factor in investment decisions, with investors looking for companies that prioritize sustainability and social responsibility. The adoption of APV can enhance the ESG profile of companies in the agriculture sector and help them attract more socially responsible investment.
In summary, the ESG requirements of companies like Coca-Cola and Walmart are likely to drive the adoption of APV in the agriculture sector, promoting sustainable practices, reducing carbon footprint, and improving the ESG profile of companies in the sector.
And the Oscar goes to THE FARMERS!! They will be asked to help!
I feel with the solutions we have seen over the last days at the conference the AG and solar community is ready to support the ESG goals!
March 20, 2023 by Helge Biernath