International trading and logistics company BayWa AG has joined RE100 with a target to source 100% renewable electricity for its entire global operations by 2020.
This will play a significant part in helping the company deliver on its aim to reduce carbon emissions by 22% by 2025 and become fully carbon neutral by 2030.
The RE100 initiative, led by The Climate Group in partnership with CDP, now brings together more than 190 of the world’s most influential businesses committed to sourcing 100% renewable electricity, increasing the demand for – and delivery of – clean energy across the globe.
Sam Kimmins, Head of RE100, The Climate Group, said: “BayWa AG’s ambitious commitment to reach 100% renewable electricity by 2020 sends a clear message that going all in on renewables is a sound business decision.
“With solar and onshore wind increasingly providing the cheapest sources of new electricity generation, there’s no reason to delay – clean power is good for both the bottom line and for tackling carbon emissions.”
Klaus Josef Lutz, CEO, BayWa AG, added: "Renewable energies play an important role in achieving the ambitious goals of BayWa's climate strategy and make a contribution to limiting global warming to 1.5 degrees. BayWa as a group unites all its know-how under one roof and we are highly motivated to achieve the goal.”
BayWa AG expects that sourcing 100% renewables will reduce its carbon emissions by around 18,000 tons yearly.
The trading and services company will deliver on its RE100 commitment through a mix of solutions across markets, including switching to green electricity tariffs, investing in onsite renewables generation for self-consumption and signing power purchase agreements (PPAs).
More and more companies are joining RE100 with ambitious targets to source 100% renewable power within the next decade. Our latest RE100 Progress and Annual Report showed that three in four RE100 members aim to get there by 2030.
Read more about RE100 here.