The Excellence Awards celebrate the greatest achievements and innovations in the industry. The programme provides a platform to recognize the people and companies that are driving change.
Our programme is designed to highlight excellence within the sector by looking at a range of corporate activities including deals, business projects and company initiatives, both internal and in the community.
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What is Environmental?
The Environmental category aims to highlight companies that are undertaking projects that reduce their impact on the natural environment or contribute to its general health. With the effects of climate change becoming ever more obvious, corporations have a responsibility to update and change their practices to prevent further damage being caused.
This category includes any projects that have led or will lead to a significant reduction in a company’s environmental impact and carbon footprint. This can include changes to materials and manufacturing, supply chain reviews; reduction in energy use or switches to renewables; recycling initiatives; and carbon offsetting. The category also includes projects that contribute to the environment such as tree planting schemes and river cleaning.
The power industry has dual aims when it comes to reducing environmental impact. In the industry itself there is obviously the transition to renewable energy and projects to decarbonise the construction process for generation and transmission infrastructure. The industry is however also intrinsically linked to all other sections of the economy and thus also has a key role to play in the decarbonisation of industry.
During the research period we have seen several examples of power companies contributing to wider national plans for energy transitions. These not only look at the volume of renewable power needed to replace existing fossil fuel generation but also the energy mix and the location and focus of power projects.
Another trend has seen power companies working closely with industry in their efforts to decarbonise. This is most clearly seen in the steel industry, which has made strides to use more focused renewable power and is also developing new techniques such as greater use of hydrogen.
More generally there has been a noticeable uptick in the announcement of large scale renewable investment plans by energy companies. These go beyond single projects and commit funding for long term, wide ranging investment.
The companies in this category have been involved in projects focused on the broader transition away from fossil fuels towards renewables, often at a regional or country level. This includes strategy and investment plans and projects focused on the transition of industry.
This category recognises those companies who have invested in and developed new and novel methods to aid the transition to renewable energy and tackle the effects of climate change. This includes new power generation breakthroughs and strategies to capture or reduce carbon emissions.
The companies in this category have made significant investments in renewable energy or green tech. This includes substantial standalone projects or broad renewable energy investment plans.