We are delighted to announce that our heat pump Adapt has been nominated for the European Business Awards for the Environment (EBAE), which celebrate those companies that are thriving because they are green – rewarding enterprises and innovation. We are extremely grateful to have our heat pump nominated as a product that makes an outstanding contribution to a sustainable development!
So, what is this award all about, and who is it awarded to? We all know that green growth is an opportunity to modernise our economy, based on the long-term, not the quick fix. To make the best progress on green growth, Europe needs the right instruments and the right leaders. A growing number of businesses, including ours, realise that protecting the environment is vital in maintaining Europe’s competitiveness. The EBAE recognise these pioneers, celebrating those companies at the forefront of ecoinnovation, or which have a respect for the environment at the very core of their business principles. The awards are held every second year, and winners are recognised in the following categories: Management, Product and Services, Process Innovation, Developing Country Cooperation and Business and Biodiversity. We have applied to the Product and Services category with our Adapt heat pump!
This Award is for the successful placing on the market of a new product or service that makes an outstanding contribution to sustainable development. The product or service may be a new or modified design, or the innovative application of an existing one, in a way that promotes more sustainable patterns of production and consumption or contributes to a sustainable circular economy. Applications for this Award should represent the ‘cutting edge’ of sustainable product and service development, setting an example for others to follow.
The products will be ranked based on different scores in these 6 categories:
Innovation: the product must demonstrate the innovative elements that distinguish this product or service.
Environmental benefit: there must be clear and quantified evidence of the environmental benefits in terms of increased resource efficiency and reduced environmental impact over the complete life-cycle of the product or service
Social benefit: the product or service must meet the needs of consumers and information should be provided on any wider social benefits.
Economic benefit: proof must be given of the contribution made by the new product or service to the organisation’s overall finandal performance (e.g. through sales data or credible sales projections) with an estimate of potential market size.
Commitment: it should be demonstrated how the product/service fits within the overall environmental vision and mission of the organisation.
Replication potential: there must be clear potential for wider adoption of the innovative aspects of the product or service.
We will definitely keep you posted on our qualification, we are hoping to make it to the final shortlist and to the Award Ceremony!