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• W1781696148 abstract "Stakeholders are voicing concerns over the social and environmental impacts of componentsof Europe’s renewable energy strategy that will significantly increase the region’s demand forforest biomass. Energy companies must address these concerns if they are to managefinancial, reputational, regulatory and competitive risks. Sustainability schemes may helpreduce such risks by increasing the social trust and legitimacy in both the company and itssupply chains. This paper examines how the application of sustainability schemes can helpEuropean utility companies address stakeholder concerns over the use of solid biomass inlarge scale energy generation. Both primary and secondary research techniques are applied fordata collection and elements of stakeholder theory are used to set out (i) who the mostrelevant stakeholders are; (ii) what their principal concerns are; and (iii) how these concernsmay best be addressed through sustainability schemes. The research involved an in-depthreview of eleven sustainability schemes and a survey with responses from 140 biomass experts.The sustainability schemes were benchmarked against the EU’s legislative requirements andagainst stakeholder ratings in order to show which sustainability criteria are covered by whichscheme, and to what extent each scheme satisfies legal and stakeholder requirements.The research results indicate that government representatives and NGOs are the mostsignificant stakeholders. They also showed that, while no scheme currently addresses allconcerns highlighted by these stakeholders, the criteria of the FSC, the PEFC, the ISCC andthe IWPB are comparatively comprehensive. Further, results indicate that, in practice, theactual sustainability criteria may be less important for a scheme’s trustworthiness than thename of the organisation leading the scheme. The work finds that NGO-led schemesengender the highest level of trust by stakeholders and are thus most likely to satisfy theirdemands. This comes despite equal or greater levels of stringency in a number of industry-ledschemes. Despite the current legitimacy concerns with their efforts, this research indicates thatutilities should continue their efforts; in particular under the IWPB certification system, as thescheme provides a valuable opportunity to consolidate the proliferation of existing standards.Regardless of which sustainability scheme is chosen, energy providers will benefit if theyclearly recognise the significant limitations of sustainability schemes. When devising mediumtolong-term strategies, they must proactively account for the risks that stem from a highlyvolatile policy environment created by increasingly vehement stakeholder opposition to thelarge-scale utilisation of biomass before locking themselves into substantive infrastructureinvestments." @default.
• W1781696148 created "2016-06-24" @default.
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• W1781696148 date "2012-01-01" @default.
• W1781696148 modified "2023-09-26" @default.
• W1781696148 title "Biomass or Biomess?: Examining sustainability schemes as way to address stakeholder concerns over the use of forest biomass" @default.
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