Are your customers, employees or shareholders asking about your sustainability efforts?
World Kinect Energy Services can help > > >
We embarked on our own journey toward a more sustainable future, and found a 4-step process that is helping others do the same. Where are you on your journey to net zero?
The U.S. Energy Information Administration projects that world energy consumption will grow by nearly 50% between 2018 and 2050. Due to climate change and growing ecological concerns, the need for renewable energy and sustainability solutions is greater now than ever. The time to act is now.
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Watch a short video about our commitment
Develop a Carbon Reduction Plan
Reduce Energy Use
Source Renewable Energy
Offset Carbon Emissions
While there is no single solution to achieve net zero carbon, all sustainability journeys share common elements.
Our experts will develop a custom pathway for your organization to achieve net zero carbon based on internationally recognized best-practices.
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Every sustainability journey should begin with robust planning, emissions measurement, and goal-setting.
Measuring and centralizing energy data helps you:
Identify and understand risks and opportunities associated with your emissions Identify greenhouse gas reduction opportunities, set reduction targets and track performance Engage suppliers and other value chain partners in greenhouse gas management and sustainability efforts Enhance stakeholder information and corporate reputation through public reporting
Need help achieving compliance with carbon-related regulations? Benefit from our deep regulatory knowledge and experience. Our experts can help you navigate and comply with relevant regulations in your region.
Learn about the Greenhouse Gas Protocol
Centralizing your energy data is a critical first step towards developing an emissions baseline from which to set company-wide goals and track future progress. Tip: When setting goals, striking the right balance between desired outcomes and business priorities is critical. Choose to work with a partner that has experience managing both reputational and financial risk
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Learn about the Compliance
Watch a short video
Since your company focuses on maritime shipping, the fuel that you use to power your vessels contributes to your Scope 1 emissions and your customer’s Scope 3 emissions.
Does your company measure its carbon footprint?
Yes
No
The Greenhouse Gas Protocol’s (GHGP) standards address greenhouse gas emissions. Calculating greenhouse gas emissions is a great starting point for businesses since greenhouse gas emissions are heavily correlated to energy use.
Knowing and understanding your emissions is a key step in achieving net zero carbon
Does your company need to comply with carbon reduction regulations?
Achieve Carbon Compliance
Next, your sustainability journey may include achieving compliance with carbon-related regulatory requirements where applicable Tip: Centralizing your energy data can help simplify the process of achieving carbon compliance where applicable and may also uncover cost savings and energy savings opportunities.
Many governments have implemented carbon reduction programs and schemes in order to help facilitate global decarbonization. Ambitious net zero carbon goals are emerging that have a wide impact on all industry types.
How we help: Navigating the global regulatory landscape can be a challenge, particularly for decentralized, global organizations. Our experts can help you navigate regional carbon compliance schemes, including the European Union Emissions Trading Scheme (EU-ETS), as well as UK-Specific regulations such as: Streamlined Energy and Carbon Reporting (SECR), Climate Change Agreement (CCA), and Combined Heat and Power Quality Assurance (CHPQA).
Learn how reducing energy use can help you reduce carbon emissions and achieve potential cost savings
Regardless of governmental requirements, improving energy efficiency should be the foundation for any company wishing to simultaneously lower carbon emissions, reduce bottom-line costs and further environmental, social and corporate governance. Tip: Implementing energy efficiency techniques can help reduce Scope 1 and/or Scope 2 emissions.
Want to reduce your energy use and lower your carbon footprint? Energy efficiency is the single most cost-effective way of reducing your organization’s carbon footprint.
How we help: Our energy efficiency audit is designed to help customers save money and reduce carbon emissions. Since we don’t promote equipment like other companies, our primary aim is to save as much energy as is feasible for as little expenditure as possible using your existing equipment. In the UK, we offer a turnkey service to help you achieve ESOS / EED compliance.
Learn how sourcing renewable energy can help you further reduce your carbon footprint
Unlike purchasing new equipment, energy efficiency control improvements can be undertaken for very low, or no investment, frequently yielding much larger savings than replacing existing equipment with something more ‘efficient’, but otherwise like for like.
Replace your energy consumption with energy from a renewable source. Your renewable energy sourcing plan should take real-world impact into account, working backwards from corporate objectives and strategic imperatives. Risk management should be top of mind - both financial risk and energy supply surety.
Which kind of renewable energy are you most interested in learning about?
I want to learn more about how I can source renewable power, such as solar and wind
I want to learn more about how I can develop a lower carbon fuel transition plan
Sourcing renewable power helps reduce Scope 2 emissions. Where it is not possible to physically take title to renewable power, many market-based mechanisms exist internationally that help companies “track” and “verify” that their electricity consumption comes from a renewable source.
Sourcing renewable fuel helps reduce Scope 1 emissions. It is important to keep in mind that renewable fuels are not totally free of carbon emissions - residual emissions must still be compensated for.
Source Renewable Energy: Renewable Power
Sourcing renewable power helps reduce Scope 2 emissions, regardless of whether it is accessed "directly" or "indirectly". Where it is not possible to physically take title to renewable power, many market-based mechanisms exist internationally that help companies “track” and “verify” that their electricity consumption comes from a renewable source.
There are two general paths toward sourcing renewable energy: directly, by entering into a contractual agreement with a renewable energy project developer, or indirectly by buying the energy's associated Environmental Attribute Certificates.
Direct
Indirect
I want to learn more about buying renewable power directly
I want to learn more about buying renewable "attributes"
Renewable energy market analysis and risk evaluation, including regulatory, contractual and investment advisory Renewable energy procurement and green project identification, including renewable PPA tendering & insights Project assessments measured against and tied directly to your company’s objectives and desired impact. Renewable energy feasibility studies Intermittent renewable energy balancing services and physical sleeved demand matching
Sourcing renewable power directly, with the exception of owning your own solar panels, requires no upfront capital investment.
On-Site Solar Power Generation
Power Purchase Agreements
Virtual Power Purchase Agreements
Ways to source: Own & operate your own solar panels (On-Site, Customer-Owned). Requires upfront capital investment Enter into an On-Site Power Purchase Agreement. Purchase solar power directly from a developer who uses your site to generate power. Requires no upfront capital.
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A Power Purchase Agreement (PPA) is a long-term electricity supply agreement between a company and a renewable energy power producer. Companies use PPAs in order to offset their scope 2 emissions, directly support the de-carbonization of the grid, and to take advantage of record-low costs of renewable energy.
Buying 100% renewable power directly from generators is challenging. We work on your behalf to ensure you get the most competitive deal possible, helping you lower your carbon footprint and potentially achieve cost savings.
A Virtual Power Purchase Agreement (VPPA) allows you to access renewable energy for all your facilities regardless of whether you are in a regulated or deregulated energy market-- with no upfront costs. VPPAs are a scalable solution that allow you to meet your short and long-term renewable energy goals.
How we help:
Quickest way to source renewable energy Achieve Scope 2 carbon reduction goals Support the advancement of renewable energy technologies Our proprietary platform, Track My Electricity allows you to go above and beyond a typical REC purchase and choose to directly impact a project in the developing world
Source renewable energy with Renewable Energy Certificates (RECs) & Global Equivalents to achieve your carbon reduction goals. How we help: We help corporate energy consumers source renewable electricity reliably and transparently from power plants of their choice. In addition, our platform Track My Electricity helps corporate energy consumers make an additional impact on projects of their choice in the developing world.
Why purchase RECs & Global Equivalents?
How do RECs & Global Equivalents Work? (Guarantees of Origin pictured)
Source Renewable Energy: Lower carbon fuel pathways
We will help connect you with supply of renewable fuels as well as ensure engine compatibility We will help you develop a lower carbon fuel transition plan We can help you compensate for residual carbon emissions with carbon offsets that benefit projects of your choosing since all renewable fuels create residual emissions
Challenges we solve:
Carbon Offsets Are Critical to Achieving Net Zero Carbon In locations where a renewable alternative is not available or is cost-prohibitive, customers can reduce their net carbon footprint by bundling their fuel purchases with an equivalent amount of carbon offsets from projects that support wind, solar, or forestry projects.
I want to learn more about carbon offsets
Does your business rely on conventional fuel for misson-critical applications, but also have ambitious net-zero carbon goals?
How does carbon offsetting benefit your business? Builds your brand's value: Leverage all available marketing materials from World Kinect Energy Services’ global portfolio of carbon offset projects. Adds value to your customers: Customers are increasingly looking to do business with companies that are taking steps to reduce their carbon footprint Inspires your people: Set the tone for your employees to embrace a carbon reduction mentality that will help them at work and in their homes. Displays climate leadership: Show how your company’s vision of the future spreads beyond a P&L and expands into becoming a responsible global citizen.
What is a Carbon Offset?
A Carbon Offset represents a reduction in greenhouse gas emissions that can be used to compensate for emissions made somewhere else. Purchasing Carbon Offsets allows companies to compensate for their residual carbon footprint by supporting projects worldwide that reduce carbon emissions. Many Carbon Offset projects contribute to the improvement of life for people across the globe through access to clean energy, improved health, education, and jobs. Carbon Offsets are not a complete solution for managing your company’s entire carbon footprint, but they are an effective bridging mechanism that can be used to compensate for residual and direct carbon emissions
How we help: Our team of qualified carbon-reduction and sustainability experts provide a turnkey solution that includes everything from measuring our customer’s fuel-related carbon footprint to helping them market their carbon reduction efforts and aspirations. We only source Carbon Offsets from projects that have been independently verified against international standards such as Verified Carbon Standard (VCS), Gold Standard, and the United Nations’ Clean Development Mechanism (CDM) Our customers benefit from the convenience of bundling their fuel or natural gas purchase with a matching amount of carbon offsets in order to compensated for their associated carbon emissions.
Wrap up
Carbon Footprint Reporting You can’t improve what you don’t measure. Our experts and tools help you measure your carbon footprint and take actions to reduce it. Benefit from fully scalable and flexible expert support for Carbon Footprint Reporting.
Sustainability Strategy Are you constantly being asked about your carbon reduction plans? Do you need to comply with compulsory and/or voluntary regulations? Our experts can help you plan for net zero carbon emissions.
Energy Efficiency Audit Want to reduce your energy use and lower your carbon footprint? Our experts will help you lower carbon emissions, reduce bottom-line costs and further environmental, social and corporate governance.
Renewable Power Achieve your carbon reduction goals. We help you source renewable electricity reliably and transparently. Renewable Fuels We will customize a reduced carbon fuel sourcing plan that helps you achieve your carbon reduction and /or net zero carbon goals.
Carbon Offsets We will tailor a custom Carbon Offset solution for your company to reduce your residual Scope 1 or Scope 3 Emissions. Our team of carbon reduction experts will work with you to develop a plan that leverages carbon offsets to compensate for your carbon emissions.
We have embarked on our own journey toward a more sustainable future. Our experts will help you do the same with a custom carbon reduction solution to fit your needs.
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Want to know more? Provide us with a few details and one of our experts will reach out to help you determine your next steps, and how to evaluate your various sustainability options.
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