Amount of money spent by the organization for renewable energy infrastructure and technology to produce energy intended for consumption at the organization's operating facilities during the reporting period.
Amount of money spent by the organization for renewable energy infrastructure and technology to produce energy intended for consumption at the organization's operating facilities during the reporting period.
Organizations should footnote the type of expenditures made and details on the energy sources to be used. See usage guidance for further information.
This metric is intended to capture the organization’s investments in infrastructure to produce energy that will be consumed by the organization. For example, a large-scale manufacturing facility in the desert might install a solar array or wind farm.
Renewable energy sources include solar, wind, geothermal, hydro energy, and biomass, among other forms. Organizations can refer to the glossary for additional information.
Large-scale hydropower is often excluded from the definition of renewable energy. Although water itself is a renewable resource, the natural ecology of rivers is not, and hydroelectric dams can adversely affect aquatic ecosystems. Organizations can refer to the Low Impact Hydropower Institute (http://lowimpacthydro.org) for further guidance on creating low-impact hydropower operations.
Organizations may have various motivations for making these capital expenditures, including reducing Greenhouse Gas (GHG) emissions, reducing long-term energy expenditures, increasing the stability of energy pricing, or diversifying their sources of energy supply. Organizations are encouraged to footnote changes in the organization's regular, recurring energy costs caused by their investments in renewable energy infrastructure and technology.
Organizations are encouraged to report this metric in conjunction with Green Building Practices (OI6765).
June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revision to metric name, definition, and usage guidance for clarity.
January 2020 - IRIS v5.1 Released
No change.
May 2019 - IRIS v5.0 Released
No change.
March 2016 - IRIS v4.0 Released
New metric. Renewable Energy Expenditures (OI9206) was developed via the IRIS Taxonomy Group.