- Louisiana-based Correlate Infrastructure Partners Inc. provides commercial industry solutions for reducing climate-averse energy use and pollutant emissions, drawing on Correlate’s data-driven analysis and experienced financial resources analysis
- The United States’ recently passed Inflation Reduction Act was a governmental effort to create incentives for greater renewable energy adoption, and CIPI anticipates a resulting tailwind effect for the company’s efforts to promote climate responsibility
- Many companies are using environmental, social and governance (“ESG”) reports to identify their approach to climate-friendly action in a transparent manner
- CIPI can draw on its experience to help clients avoid charges of “greenwashing” their ESG reports as a growing number of companies come under criticism for how they present their environmental friendliness
Economic worries have underscored news-of-the-moment reports for months as food and energy prices have soared, employment fatigue has hampered retailers and another season has brought its share of punishing weather conditions.
U.S. Treasury Secretary Janet Yellen, responsible for translating the government’s directives into policy that manages the public debt and sustains the economy, stated in a recent interview that advances in the adoption of renewable energy such as the newly passed Inflation Reduction Act (“IRA”) will ultimately help strengthen the nation’s economy through energy security (https://ibn.fm/JCQs1).
Clean energy solutions innovator Correlate Infrastructure Partners (OTCQB: CIPI) applauded the IRA as a means of providing consumers with great incentives for changing their customary approach to energy use toward more greenhouse gas-reducing options as financial assistance to climate-friendly companies trickles down.
“The historic climate bill includes several initiatives that will provide long-term stability and incentives to the U.S. renewable energy industry,” Correlate Infrastructure Partners CEO Todd Michaels stated in an August news release (https://ibn.fm/tB5F3). “This includes an increase and extension of the investment tax credit for solar and storage and a more flexible structure for companies like Correlate to monetize that tax credit. These two key proposals have the potential to accelerate Correlate’s growth, support our ability to own and operate nationwide solar and storage assets, and contribute to strengthening the economy through clean energy project deployment.”
Correlate, also known as CIPI, helps clients improve the ways their commercial buildings use energy by evaluating current energy use, anticipating potential ways to reduce their energy use and pollutants, and identifying ways to finance the transition and make the climate-friendly changes as affordable as possible.
These changes in turn have the potential to reduce the degree to which state power grids are taxed during severe weather events, creating the potential for improved emergency response to such situations.
“Once we identify the right mix of energy upgrades for a given property or portfolio, we then provide all the capital to deploy those technologies and maintain them over time including monitoring these facilities on a 24/7 basis,” Michaels stated in a September interview posted on the company’s website (https://ibn.fm/m5HVd). “Ongoing maintenance is very complex and even some of the most sophisticated facility management companies don’t have the resources to effectively manage it.”
While commercial industries have increased their use of environmental, social and governance (“ESG”) reporting to provide quality of life-conscious consumers with a measurable standard for judging the value of companies beyond their financial net worth, consumers and regulators still need to exercise caution in evaluating businesses’ transparency and the possibility they may be “greenwashing” their performance reports, a Sept. 21 CNBC report argued.
“The debate surrounding greenwashing is becoming increasingly fierce, with the charge often leveled at multinational companies with vast resources and significant carbon footprints,” the report stated (https://ibn.fm/IU7zS).
In addition to greenwashing investigations of companies by regulatory agencies such as the U.S. Securities and Exchange Commission (“SEC”) and criminal prosecutors in Germany (https://ibn.fm/0mcrw), a number of environmental organizations joined together in filing a lawsuit this summer against aviation giant KLM, showing the resources at their disposal to battle ESG claims they consider questionable (https://ibn.fm/uQjJM).
CIPI’s expertise and resourcefulness can help industry clients boost their ESG profiles and avoid negative greenwashing publicity from critics.
For more information, visit the company’s website at www.CorrelateInfra.com, including the following:
- Breaking Down Barriers To Your ESG Goals While Generating Additional Net Operating Income: www.CorrelateInfra.com/our-process
- Platform Generates New Rent And Operating Income, Allowing You To Meet Your ESG Goals: www.CorrelateInfra.com/program
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI
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