Replacing fossil fuels will be critical to achieving net-zero carbon emissions but wind and solar power cannot do it alone. When sourced responsibly, woody-biomass is a renewable, reliable, dispatchable, cost-effective, low-carbon energy source available today. According to World Finance, Enviva, the winner of the 'most sustainable biomass company' in the 2021 World Finance Sustainability Awards, is one of few companies with the track record and know-how to deliver this source at scale.
Replacing fossil fuels for power and heat generation will be critical to achieving net-zero carbon emissions but wind and solar power alone cannot solve the world’s energy needs. Sustainably sourced wood pellets can reduce greenhouse gas (GHG) emissions by more than 85 percent when used to displace coal, and by more than 70 percent compared with natural gas.
This is something that readers of World Finance, a global finance industry publication, and online platform belonging to UK-headed World News Media Ltd, have taken note of by nominating US-based wood pellet producer and exporter Enviva as the winner of the ‘most sustainable biomass company’ in the 2021 World Finance Sustainability Awards.
Enviva stands out from the competition for its ambitious net-zero greenhouse gas (GHG) emissions goals for 2030, its regenerative circular bioeconomy support, its support and investment in the Enviva Forest Conservation Fund (EFCF), as well as its resilient business operation during the pandemic, commented Monika Wojcik, World Finance’s Head of Special Projects.
A differentiator to Enviva’s green credentials is its commitment to source wood responsibly. Bioenergy must not come at the expense of habitat disruption, damage to biodiversity, or negatively impact water quality.
Enviva, for instance, does not source fiber from old-growth or protected forests but instead creates its wood pellets from low-value forest feedstock such as thinnings, tops, limbs, and sawmill residues.
Its “Track & Trace” technology reports exactly where all of its wood is sourced, ensuring a fully traceable system that is routinely updated and made publicly available on Enviva’s website.
Sustainability is the core of our value proposition, and on behalf of Enviva, I am so very proud that World Finance has chosen to recognize our commitment to acting with integrity and transparency in our mission to displace coal, grow more trees and fight climate change, said John Keppler, Chairman, and CEO of Enviva.
But the company’s commitment to sustainability doesn’t stop there. In February 2021, Enviva announced its plan to reach net-zero carbon emissions by 2030, which will result in the reduction, elimination, or offset of all its direct emissions.
As a key enabler of the energy transition, our business and the renewable fuels we produce promote sustainable forest management and healthy growing forests, create good-paying jobs in rural communities and support the world’s largest energy producers in substantially reducing their carbon emissions footprint to meet net-zero commitments by mid-century. I want to thank World Finance again for recognizing our tremendous, positive impact, said John Keppler.
