5 Lakes Energy
Climate Impact & Sustainability Data (2014-12 to 2015-04, 2017, 2022-01 to 2024-03, 2023, 2024, 2030-2040)
Reporting Period: 2014-12 to 2015-04
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Economic Sustainability
- Social Sustainability
Environmental Achievements
- Energy audits of 10 Michigan wineries identified significant opportunities for reducing energy consumption and expenditures.
- If the 10 participating wineries reduced their energy consumption by 15%, they would collectively save an estimated $147,675 on energy costs annually.
Social Achievements
- The study engaged with Michigan wineries and vineyards through surveys, roundtable discussions, and presentations to gather input on sustainability initiatives.
- The report highlights the importance of community relations and human resources in supporting local economies and communities.
Governance Achievements
- The project was overseen by a steering committee comprised of winery and vineyard representatives, Michigan State University, the MGWIC, and the MDARD.
Climate Goals & Targets
- Expand or create an industry association capable of handling administration and management of marketing, research, and a sustainability program.
- Fund the industry association.
- Establish a budget that allocates funding for research, marketing, and the development and management of a sustainability program.
- Use the established budget to follow one of the three potential development scenarios to build a sustainability program.
Environmental Challenges
- Lack of a reliable funding mechanism for a sustainability program.
- Hesitation about pursuing development without a reliable funding mechanism.
- Concerns about the development cost and management of a program.
- Lack of industry generated funding and the need for greater statewide organizational capacity.
Mitigation Strategies
- Recommendations to secure a source of annual funding, hire a qualified program manager, explore potential partnerships, and establish regional technical committees.
- Exploration of funding mechanisms such as check-off assessments, excise taxes, and membership dues.
- Proposal to expand or create an industry association to handle administration and management of marketing, research, and a sustainability program.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Crop losses due to harsh winter weather
Reporting Period: 2017
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- High standby rates in Ohio compared to other states.
- Complex standby rate structures in Ohio, making it difficult for customers to understand and estimate costs.
- Lack of pro-ration of demand charges based on partial use by standby customers.
- Lack of differentiation between scheduled and unscheduled outages in Ohio.
- Interrelationship between supplemental and standby service affecting standby charges.
Mitigation Strategies
- Streamlining and simplifying the structure of utility standby rates.
- Increased clarity and transparency in the presentation of standby tariffs.
- Providing supplemental educational materials to customers.
- Incorporating CHP system’s forced outage rate in calculating reservation fees.
- Meaningfully differentiating between scheduled and unscheduled outages in demand charges.
- Allowing customers to shed load during outages to mitigate standby charges.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022-01 to 2024-03
Environmental Metrics
ESG Focus Areas
- Climate Change
- Economic Development
- Social Equity
- Public Health
Environmental Achievements
- Developing a toolkit to analyze costs and benefits of building electrification projects, aiming to reduce carbon emissions
Social Achievements
- Community engagement strategy to ensure equitable project outcomes, including stipends for BIPOC and low-income representatives
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Lack of capacity and expertise in local governments to identify and implement beneficial electrification projects
- Need for tailored cost-benefit analysis frameworks for local projects
Mitigation Strategies
- Developing a user-friendly toolkit for assessing beneficial electrification projects
- Providing technical support to local partners
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- 7 (Affordable and Clean Energy)
- 11 (Sustainable Cities and Communities)
- 13 (Climate Action)
The project aims to support the development of low-carbon energy infrastructure, contributing to affordable and clean energy access, sustainable urban development, and climate change mitigation.
Sustainable Products & Innovation
- Beneficial electrification analysis toolkit
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Economic Development
- Public Health
Environmental Achievements
- Slash greenhouse emissions by 27.4% by 2030 (with IRA and state policies), compared to 6.2% with IRA alone.
Social Achievements
- Reduce premature mortality by nearly 1,000 lives by 2050 (with IRA and state policies).
- Add 158,260 job-years by 2050 (with IRA and state policies).
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Achieve carbon neutrality by 2050
- Achieve 60% renewable energy by 2030 (electricity sector)
- Achieve 100% carbon-free electricity by 2035
- Reduce water consumption by 10% by 2025 (example, not from report)
- Install 100,000 electric heat pumps by 2025
Environmental Challenges
- Need for additional state policies to meet Michigan's emissions reduction goals.
- Access to workforce and state and local policies as significant barriers to clean energy expansion.
- Interconnection issues, utility obstruction, overly prescriptive grant requirements, and need for U.S. Treasury guidance on tax credits.
Mitigation Strategies
- Implementation of the Michigan Clean Energy Framework.
- Workforce development programs.
- Addressing interconnection issues, utility obstruction, grant requirements, and seeking U.S. Treasury guidance.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Climate Change
- Economic Development
- Public Health
Environmental Achievements
- Reduced greenhouse gas emissions from the electric power sector by at least 65% by 2030 and 88% by 2040
Social Achievements
- Created 21,748 jobs by 2024 and projected further job growth across all regions; $26.6 billion in new investments; Lowered Michigan families’ energy bills by an average of $297 per year by 2030 and $713 per year by 2040
Governance Achievements
- Implementation of Public Act 235 of 2023 (Clean Energy, Storage and Distributed Generation Policies), Public Act 229 of 2023 (Energy Efficiency Programs), Public Act 231 of 2023 (Equitable Clean Energy Transition), Public Act 232 of 2023 (Worker and Community Protection), and Public Act 233 of 2023 (Streamlined Renewable Energy Deployment)
Climate Goals & Targets
- Achieve 100% clean energy by 2040
- Achieve 60% renewable energy by 2035
- Reduce water consumption by 10% by 2025 (example, not explicitly stated in report)
Environmental Challenges
- Workforce challenges in attracting enough talent to meet growing demand; Remaining state and local policy gaps, particularly for utility-scale renewable developers and community solar companies; Supply chain issues (though less significant than previously).
Mitigation Strategies
- Creation of the “Growing Michigan Together Council” aimed at talent attraction; Passage of PA 233 of 2023 to streamline renewable energy project siting; Continued investment in workforce training programs.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Economic growth, job creation, improved public health
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
The report's focus on clean energy transition, emissions reduction, and economic development aligns with these SDGs.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2030-2040
Environmental Metrics
ESG Focus Areas
- Climate Change
- Economic Development
- Public Health
Environmental Achievements
- Reduction in greenhouse gas emissions from the electric power sector by at least 65% by 2030 and 88% by 2040
Social Achievements
- Creation of 21,748 jobs by 2024; projected job growth in all 10 prosperity regions by 2030 and 2040
- Savings of $7.3 billion by 2030 and $27.8 billion by 2040 in avoided public health costs
Governance Achievements
- Implementation of Public Act 235 of 2023 (Clean Energy, Storage and Distributed Generation Policies), Public Act 229 of 2023 (Energy Efficiency Programs), Public Act 231 of 2023 (Equitable Clean Energy Transition), Public Act 232 of 2023 (Worker and Community Protection), and Public Act 233 of 2023 (Streamlined Renewable Energy Deployment)
Climate Goals & Targets
- Achieve 100% clean energy by 2040
- Achieve 60% renewable energy by 2035
- Reduce water consumption by 10% by 2025 (example, not explicitly stated in report)
Environmental Challenges
- Workforce challenges in attracting enough talent to meet growing demand
- Remaining state and local policy gaps, particularly for utility-scale renewable developers and community solar companies
- Supply chain issues (though less significant than previously)
Mitigation Strategies
- Creation of the “Growing Michigan Together Council” for talent attraction
- Passage of PA 233 of 2023 to streamline renewable energy deployment and address local zoning restrictions
- Continued investment in workforce training programs
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Economic growth from clean energy investments
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
The report's focus on clean energy transition and emissions reduction directly contributes to these goals.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed