Driving Efficiency Through Innovative Financing: Diversey’s Model
Organizations are seeking innovative financing mechanisms and models to enable energy efficiency within their building portfolio, as many cite lack of available capital as a large barrier to implementing efficiency projects. Diversey, a leading manufacturer of cleaning and hygiene products with a global reach of over 60 countries, has developed a unique approach to financing its internal efficiency projects. In an article published by the GreenBiz Executive Network, Diversey’s sustainability leadership describe the:
• Importance of making a corporate commitment to greenhouse gas and energy consumption reductions that enable in-house program development to support that commitment
• Company’s “loading order” for energy programs: Avoidance, efficiency, and generation. Diversey utilizes a portfolio approach which balances projects with variable payback periods.
• Tool developed internally at Diversey which accounts for greenhouse gas impacts as well as financial returns – including additional criteria that meet the company’s multiple goals.
By viewing energy and environmental performance of its facilities as an opportunity for innovation, Diversey’s Corporate Sustainability Manager, Dr. Daniel Daggett observes, “A corporate commitment to sustainability motivates employees, drives innovation, and creates a sense of purpose within the company.”
For more information, read the full article: http://www.greenbiz.com/blog/2011/03/07/diverseys-portfolio-approach-toward-sustainability-roi