News

  • Global tech giant Fujitsu commits to 100% renewable electricity and invests in clean energy technologies

    IT giant Fujitsu has joined RE100 with a commitment to source 100% renewable electricity by 2050, with an interim target of 40% by 2030.

    Japan’s largest IT company joins more than 130 major businesses in the global RE100 initiative, which is led by The Climate Group in partnership with CDP. They are all committed to 100% renewable power.

    “We are delighted to welcome Fujitsu to RE100" said Sam Kimmins, Head of RE100, The Climate Group.

     "Their commitment comes at a crucial time, sending a clear message to the world that Japanese companies are committed, alongside their global peers, to using 100% renewable power.” 

    Hideyuki Kanemitsu, VP, Head of Responsible Business Unit, Fujitsu, said: “Joining RE100 demonstrates our strong intention to deliver on our FUJITSU Climate and Energy Vision. We expect to see opportunities to collaborate with customers and various stakeholders through our RE100 membership.”

    Investing in clean energy solutions

    Fujitsu will consider the appropriate steps for each region of its operations, expanding its procurement of renewable electricity at locations in Japan and around the world, starting with datacenters outside of Japan. Some of these datacenters have already achieved 100% renewable electricity.

    The company will utilize a combination of sourcing mechanisms including renewable energy certificates, purchasing green electricity, power purchase agreements (PPAs), on-site installations such as solar panels combined with energy storage technologies and so on.

    However, Fujitsu is going beyond simply buying renewable energy. The company has plans to also invest in development and research, as well as technology trials, in energy management and storage. By doing so, Fujitsu hopes to aid innovation in the clean power sector.

    “With our technology and expertise, Fujitsu will show leadership in providing solutions for overcoming any barriers to disseminating renewable energy, such as cost,” said Hideyuki Kanemitsu.

    Engaging staff on renewables

    Alongside investments in renewable energy technology, Fujitsu is also investing in its people. The company has been actively conducting seminars and events with an environmental focus for employees around the world. By educating staff on clean energy, Fujitsu aims to raise global awareness of renewable power.

  • RE100 leading the way on accessible and sustainable energy for all

    The RE100 initiative, led by The Climate Group in partnership with CDP, has been recognized as one of seven leaders on UN Sustainable Development Goal 7, which targets access to affordable, reliable and sustainable energy for everyone.

    The news was announced at a Seven for 7 event hosted by SEforALL and Ashden in New York City, which shone a spotlight on climate leadership across policy, business and finance.

    Now in its fourth year, RE100 was recognized for spurring business action and driving long-term shifts in energy models. The initiative now unites 138 influential companies working to source 100% renewable electricity – bringing about a faster market shift to renewable energy overall.

    “Securing a clean and sustainable energy future is at the core of our RE100 mission,” said Amy Davidsen, Executive Director – North America, The Climate Group, accepting the honor at the event.

    “The Climate Group brings together pioneering companies committed to the highest level of climate action. They are shifting markets through their own purchasing power, enabling growth in the clean economy.”

    She added, “However, to go further and faster in this pivotal year we need more companies to step up to the challenge, and more governments and cities to join them. Only then will we accelerate the clean energy transition fast enough to avoid dangerous climate change and enable greater prosperity for all.”

    Also speaking at the Seven for 7 event, Lance Pierce, President of CDP North America, said: “At CDP, our vision is a thriving economy that works for people and planet. The large-scale transition to renewable energy by corporations around the world is key to achieving that.”

    He added: “Companies are not only committing to renewable targets, they are achieving them. Our RE100 pioneers show there’s no reason not to aim for a 100% goal, and they are demonstrating leadership by influencing many other companies to follow.”

    The need for urgent leadership

    The Seven for 7 celebration took place during the ministerial meeting of the 2018 United Nations High-level Political Forum on Sustainable Development. This is a platform for reviewing progress on the 2030 Sustainable Development Goals, the UN agenda for delivering action in areas critical for the prosperity of humanity and the planet.

    “The leadership stories we’re hearing tonight give me hope that we can make faster progress on SDG7,” said Rachel Kyte, CEO and Special Representative to the UN Secretary-General for Sustainable Energy for All.

    She continued: “We are not on track to realize the global goals by 2030. Their urgency requires leadership. These stories illustrate the difference leadership can make – speeding the pace of renewable energy development, accelerating energy efficiency gains and scaling access to energy increasingly with distributed renewable energy.”

    Shifting global markets

    Together, RE100 members represent over US$2.75 trillion in revenue and over 170 TWh of demand for renewable energy – equivalent to the energy consumption of a medium sized country.

    By investing in renewable energy technologies, they are increasing demand for clean power and driving innovation in the clean economy. Recent examples include Marui Group from Japan trialing blockchain technology in renewables sourcing; a consortium of RE100 members purchasing renewables in the Netherlands, and 38% of companies working with their suppliers to make renewables the norm in all aspects of the supply chain.

    The Climate Group is also working with RE100 members to leverage their collective demand to influence policy debates. A new provisional EU deal targeting 32% renewables across the EU by 2030 follows an open letter to the Council of the European Union from RE100 members calling for ambitious and supportive policy.

  • RE100 newsletter: big wins, ministerial support and member news

    This month has been filled with success. The European Parliament and Council made a provisional deal on the Renewable Energy Directive, reflecting the call from RE100 members that the EU set more ambitious targets. Sam Kimmins, Head of RE100, The Climate Group, also met government ministers and members in Taiwan, Japan and South Korea, and in the UK RE100 was awarded Environmental Awareness Campaign of the Year.


    RE100 policy success

    The new provisional EU deal recognizes corporate power purchase agreements and targets 32% renewable energy across the EU by 2030. As part of the RE-Source Platform, we will continue working with members on policy outreach to ensure EU ambition stays on track.


    Ministerial ambassadors for RE100

    The Japanese Ministry of Foreign Affairs and Ministry of Environment have expressed official support for RE100, encouraging more companies to join and demonstrating the growing momentum on RE100.

    Sam Kimmins, Head of RE100, The Climate Group, met government ministers and member companies in Taiwan, Japan and South Korea.


    RE100 awarded best campaign

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    RE100 won the award for Environmental Awareness Campaign of the Year at the BusinessGreen Leaders Awards 2018.

    Thank you to all our members for their leadership in driving clean energy markets and influencing others. 


    Step up: a new definition of leadership

    Ahead of the Global Climate Action Summit and CWNYC, Mike Peirce, Corporate Partnerships Director at The Climate Group, wrote about the need for further and faster action by companies wishing to show climate leadership in this pivotal year. 


    RE100 member news

    BBVA joined RE100, taking us to 137 members.

    Read our interview with Daiwa House on why joining RE100, and The Climate Group's EP100 initiative on making better use of energy, is a smart business move.

    IKEA Group launched its science-based targets and called on other companies to follow suit.

    RE100 members Google, Facebook, IKEA Group, Microsoft, BT and Danone were announced as new Steering Group members for the RE-Source Platform for advancing renewable policy in Europe.


    Dates for your diaries:

    Soon after Global Climate Action Summit (San Francisco, September 12-14), we will host CWNYC Climate Week NYC. RE100 members are invited to showcase the highest level of climate leadership on renewables at high level events. If you are planning a progress announcement or interested in sponsoring, please let us know.

    To find out more about our events and webinars visit RE100.org/events

  • RE100 wins Environmental Awareness Campaign of the Year Award

    The Climate Group’s RE100 initiative has been named Environmental Awareness Campaign of the Year at the BusinessGreen Leaders Awards, held on Wednesday 27 June, in London. The Climate Group leads RE100 in partnership with CDP.

    BusienssGreen wrote: “In a hotly contest field, RE100 stood out and the campaign to get corporates to switch to 100 per cent renewables has gone from strength to strength. The judges were hugely impressed by the campaign's global reach and sharp messaging, as well as the catalysing role it is playing for both corporate sustainability strategies and the renewables industry.”

    Helen Clarkson, CEO, The Climate Group, said: “We are delighted to accept this award on behalf of RE100 members, staff and our international partners. Our team at The Climate Group and our colleagues at CDP have worked hard to sign up leading multinationals committed to 100% renewable electricity and to grow the initiative around the world.”

    Just back from a trip to Taiwan, Japan and South Korea, where there is rapidly growing interest in RE100, Sam Kimmins, Head of RE100, The Climate Group added, “RE100 is going from strength to strength. We are starting to see positive policy impacts as the result of increasing business demand for renewables – it goes to show that pioneers are more powerful in shifting markets away from fossil fuels when they come together as one.”

    With a combined global revenue of over US$2.75 trillion, RE100 members – including Global Fortune 500 companies – represent a powerful new dynamic in global energy markets. The Climate Group showcases members’ progress towards their 100% renewable electricity goals and works to ensure governments recognize that, with the right market and policy environment, there is huge potential for business to provide a vast new source of capital to fund renewable energy infrastructure and achieve large carbon savings.

    In 2017, we amplified the advocacy efforts of RE100 members through an open letter to the Council of the European Union and a meeting with key MEPs, calling for a supportive renewable energy policy framework. Improvements were adopted by the European Parliament –  this month’s new provisional EU deal now targets 32% renewables across the EU by 2030.

    We also called on companies to engage their suppliers on renewable electricity, publishing guidance and best practice examples in this field. A RE100 survey shows that learning from pioneer companies on how to engage suppliers and set appropriate targets is important for 90% of responding members.

    Our most recent RE100 Progress and Insights report showed that many members had already achieved their 100% commitment, some faster than expected. In 2016, the average share of renewables in RE100 members’ power consumption was 1.3 times higher than the global rate of renewable electricity use.

    “We hope this award recognizing our achievements encourages many more multinationals to become members of RE100, EP100 and EV100, to work with us to lower emissions and accelerate much needed climate action,” said Clarkson.

    The Climate Group would like to take the this opportunity to congratulate all the other shortlisted award nominees for the work they have done on sustainability: 2 Degrees of Separation by Carbon Tracker, the TCFD implementation workshop series by Climate Disclosure Standards Board, the #BringBackHeavyMetal 2017 campaign by Ecosurety and Hubbub, Clean Air Day by Global Action Plan and Partners, The Square Mile Challenge by Hubbub, The River Itchen Challenge by Southern WaterThe Carbon Literacy ProjectThe State of Sustainability in the UK Built Environment by UK Green Building Council and the Renewable Transport Fuel Obligation (RTFO) Campaign by Vivergo Fuels.

  • Blog: A week in Taiwan: meeting RE100 members and driving the clean energy transition

    The Climate Group’s Head of RE100, Sam Kimmins, writes from Taiwan, where he has toured TCI’s rooftop solar array and presented the RE100 initiative in Taipei.

     Taiwan is a land of innovation. Many of the high-tech inventions you use on a daily basis – possibly the laptop screen or mobile phone you’re reading this on or the vitamins you took this morning – are likely to have come from here. 

     I came to meet TCI, manufacturer of dietary supplements, specialist drinks, and skin care products – and the first Taiwanese member of RE100, The Climate Group’s corporate leadership initiative on renewables delivered with CDP. Together, we presented RE100 at the Link and Loop Conference in Tapei, bringing together global stakeholders to discuss new business models for the circular economy.

     TCI is targeting 100% renewables by 2030 and already making real progress towards this goal. Chairman Mr Vincent Lin believes in long term planning; his business is growing by up to 50% per year, and he sees innovation and investment as crucial to long-term success.   

     Speeding off by bullet train to TCI’s LEED-Gold certified facility in Pingtung, I was kindly shown around a high-tech building topped by a significant rooftop solar array.  I heard how the company is looking to reach 30% renewable electricity by 2020 through a mix of on-site renewables and power purchase agreements. It’s a model that other businesses can follow.

     Opportunity for market change

     Taiwan is on the cusp of exciting change. With as much as 98% of its energy coming from heavily subsidised imported fossil fuels, Taiwan is looking to reduce its dependency on imports. Reducing energy demand, switching to renewable electricity, and rolling out electric vehicles will all improve self sufficiency and the national balance sheet. 

     With a target to source 20% renewable energy by 2025, Taiwan is taking bold steps to transform its energy system. In fact, some argue it’s on brink of an offshore wind goldrush.

     The opportunity is strong, but policy changes are needed if corporates are to invest at scale and reap the benefits of cheap renewables. The T-REC system, launched in 2017, is an essential step in creating corporate markets, but its certificates are quite pricey and in short supply – and may be soon gobbled up by RE100 multinationals seeking to achieve their 100% renewables ambition in Taiwan. 

     This is where business comes in. By growing the RE100 initiative in Taiwan, we can give the Government confidence that there is a strong corporate demand for renewables, with companies ready to invest and support new infrastructure. This will then enable the Government to reduce feed-in-tariff subsidies as the renewables market develops and prices drop – which in turn will enable a reduction in subsidy for expensive imported fossil fuel sources.

     Growing RE100 impact in Asia

     When travelling for work, it’s encouraging to see the (increasing number of) RE100 member logos as I walk through a new city. In Taipei, I spotted Burberry, H&M and Starbucks clustered around the incredible Tower 101, and had the pleasure of meeting members Apple and Tetra Pak in person.

     Travel also, however, brings into focus the current US and European bias of RE100 – and the need to rapidly accelerate corporate sourcing of renewables among the leading brands in Asia. 

     With the help of local partners, we aim to change that situation. Companies here supply to some of the world’s biggest brands – RE100 members like Apple who are increasingly asking their suppliers to use renewable electricity. Engaging these companies is vital for achieving change at the scale and speed that is needed to address climate change, and RE100 membership can provide Taiwanese companies with a credible opportunity to demonstrate alignment with their supply-partners’ needs.

    I look forward to visiting Taiwan again, and to supporting TCI by growing a strong local community of new RE100 members, driving change towards a clean energy economy.

     Coming soon: Sam writes from Japan, where he is meeting our growing community of RE100 members, and supportive government Ministers.

     

  • IKEA Group launches new science-based targets and calls on other leading companies to follow suit

    IKEA Group has committed to reducing greenhouse gas emissions from customer and co-worker travel and customer deliveries by 50% by 2030 (compared to 2016 levels) – and the use of electric vehicles (EVs) will be key.

    CEO Jesper Brodin announced the pledge as one of three new approved science-based targets for reducing greenhouse gas emissions across the company’s global operations and value chain. He was speaking at the EU for Talanoa conference in Brussels, part of the Talanoa Dialogue – an international process to ensure the world stays on track to achieve the goals of the Paris Agreement. 

    IKEA Group has also set two other science-based targets:

    • Reduce the greenhouse gas emissions from IKEA Group stores and other operations by 80% in absolute terms, compared to 2016;
    • Inter IKEA Group, the worldwide IKEA franchisor and responsible for the IKEA range and supply chain, commits to reduce the greenhouse gas emissions from the IKEA value chain2 by at least 15% in absolute terms by 2030, compared to 2016. This translates to a 70% reduced climate footprint on average per IKEA product.

    “Taking action on climate change is not only the right thing to do for people and the planet, it’s necessary for our long-term success as a business,” said Pia Heidenmark Cook, Chief Sustainability Officer, IKEA Group

    She continued, “Setting science-based targets will challenge us to find new and better ways, as well as drive innovation and renewal in our business. We encourage other companies to join us in accelerating the transition to a low-carbon economy which boosts investment, employment and innovation.”

    With businesses owning over half of all registered vehicles on the road, it is crucial that companies lead the shift to electric vehicles. IKEA Group was one of the first companies to join The Climate Group’s EV100 initiative, which aims to make electric transport ‘the new normal’ by 2030.

    Over half of IKEA Group’s stores already have EV charging stations installed, and it plans to roll out this offering globally as part of its EV100 commitment, also working with service providers to transition its delivery fleets to EV. For example, over 50 EV trucks are already in operating in China, and 20 will be deployed in Los Angeles and New York this year.

    Helping to ensure that electric vehicles are ultimately powered by renewable energy, IKEA Group is also a founding member of RE100, led by The Climate Group in partnership with CDP to accelerate the shift away from fossil fuels. The company is engaging its supply chain to increase uptake of renewable energy.

    Mike Peirce, Corporate Partnerships Director, The Climate Group, welcomed the new targets. “Seizing multiple opportunities to slash emissions right along the value chain are strategic business decisions that speak volumes to consumers. Coupled with efforts to spur greater action from suppliers and peers, IKEA is demonstrating exactly the kind of leadership we need from major companies to accelerate the clean economy.”

    Click here to read more about a new emerging definition of corporate leadership on climate.

  • Newsletter: new members, policy outreach and corporate leadership

    In the last month, we have welcomed five new members and driven ambitious policy outreach. Sam Kimmins, Head of RE100 at The Climate Group, will meet government ministers and businesses in Japan, South Korea and Taiwan through mid June - please get in touch if you operate in the region and would like to meet.


    More companies join RE100

    Japan's Jonan Shinkin Bank, US data giant Iron Mountain, and UK companies Prudential plc, The Crown Estate and Vodafone have joined RE100 and committed to source 100% renewable electricity - taking RE100 to 136 companies.

    Japanese government supports RE100

    Following outreach from The Climate Group’s regional partner Japan-CLP, Japan's Ministry of Foreign Affairs and Ministry of Environment have set goals to source 100% renewable electricity for their offices and global embassies, and the Ministry of Environment has set a target of 50 Japanese companies joining RE100 by 2020.


    Corporate leadership at CEM

    The Clean Energy Ministerial saw the launch of our new policy recommendations for corporate renewables sourcing, supported by a wide group of NGO's. Google, Novo Nordisk, Signify and AB InBev discussed these on a panel hosted by IRENA.

    The Climate Group held a reception in Copenhagen with Carlsberg Group, to drive corporate leadership on electric vehicles, renewable energy and energy productivity.


    RE100 Webinar: US markets

    RE100 ran a webinar for its members in partnership with the Business Renewables Center on electricity markets and renewable power purchase agreements in the US.


    RE100 members drive policy change

    RE100 members IKEA and BT joined Unilever in Bonn to participate in the Talanoa Dialogue as the voices of corporate climate action.

    Unilever wrote about fostering partnerships that scale up ambitious policy change.


    RE100 member announcements 

    Mars, Inc. is set to go 100% renewable in Australia as a result of a new solar power investment, whilst Facebook has just signed a new power purchase agreement for 294 MW of wind in Norway. 

    Heathrow Airport has a new strategy on electric vehicles as part of The Climate Group's EV100 initiative. Read about it here.


    Dates for your diaries

    June 5-7 and August 23-24, 2018: Schneider Electric Perspectives Summit, Budapest and Nashville. We will arrange a special luncheon for attending RE100 members in each location. Contact Constant Alarcon (Europe) or Kristin Hanczor (US) for more information. 

    June 6, 2018: RE-Source Platform event, Brussels, bringing together renewable energy buyers and sellers. Contact Constant Alarcon for more information.        

    June 14, 2018: FT Energy Transitions Strategies Summit, London. Speakers include Joan MacNaughton, Chair of Board, The Climate Group.

    June 27, 2018: RE100 webinar providing an introduction to GO². Learn more about H&M’s use of innovative Guarantees of Origin which support additional renewable capacity. Invitations to follow.  

    July 3, 2018: RE100 Landlords & Tenants – Unlocking Renewable Electricity Solutions, Burberry HQ, London. We will hold a collaborative workshop to help guide members sourcing renewable electricity in a landlord/tenant context. Contact Constant Alarcon for information. 


    Coming soon:

    Soon after Global Climate Action Summit (San Francisco, September 12-14), we will host CWNYC Climate Week NYC. RE100 members are invited to showcase the highest level of climate leadership on renewables at high level events. If you are planning a progress announcement or interested in sponsoring, please let us know.

    And finally:

    Interested in learning about electric transport and how to transition your fleet to electric vehicles? Register for The Climate Group’s new EV100 webinar on June 15.

  • Data storage giant joins RE100 and commits to 100% renewable power

    Global data storage and information management company Iron Mountain has joined RE100 with a target to source all its electricity from renewable sources by 2050.

    RE100 is a collaborative initiative led by The Climate Group in partnership with CDP, which brings together the world’s most influential companies committed to 100% renewable electricity.

    For Iron Mountain, the decision to source renewable power as part of RE100 is one that makes business sense. Since the company started procuring renewables, it has seen savings of more than $2M a year on its energy bills.

    Furthermore, sourcing 100% renewable electricity will help Iron Mountain to deliver on a science based target for lowering its greenhouse gas emissions - which it has agreed to set by the end of next year.

    “We’re thrilled to welcome Iron Mountain to RE100 and see another major energy user commit to renewable power,” said Sam Kimmins, Head of RE100, The Climate Group. “With plans to sign deals for solar and wind, Iron Mountain will be a powerful driver of the transition to a low-carbon economy and the clean energy future.”

    William L. Meaney, president and chief executive officer, Iron Mountain, said, “Understanding the impact of our energy usage has led to the adoption of energy and greenhouse gas reduction strategies that are helping the company save money, reduce environmental impacts and better serve our customers.”

    He continued, “In making these commitments today, we are setting aggressive public goals with the endorsement of well-respected non-profit organizations, accelerating our efforts to foster strong economic growth while operating as a responsible, ethical and sustainable company.”

    PLANNING AHEAD

    With over 1400 facilities across 54 countries, Iron Mountain has a significant carbon and energy footprint. Over the last four years the company has been increasingly meeting its energy needs from renewable sources.

    The data giant went from being 1% renewable electricity in 2015 to 30% in 2017 – all its data centers are now being powered by renewable energy. It already operates its own 6 MW on-site solar power installation and has made numerous purchases of renewable power.

    To reach its target of 100% renewable electricity by 2050, Iron Mountain plans to sign major power purchase agreements (PPAs) for wind and solar farms. 

    A recent RE100 Progress and Insights Report revealed a rapid increase in the use of PPAs by RE100 members between 2015 and 2016, with procurement growing fourfold from 3% to 13%.

  • Vodafone becomes the latest business to join RE100, targeting 100% renewables by 2025

    One of the world’s largest international telecoms companies,  Vodafone Group Plc joined RE100 today with a commitment to purchase 100% of the electricity it uses from renewable sources by 2025.

    Led by The Climate Group, in partnership with CDP, RE100 brings together the world’s most influential companies committed to 100% renewable electricity with the aim of scaling up demand for – and delivery of – renewable power.

    Vodafone’s operations are currently powered by 13% renewable electricity, meaning its target to source 100% by 2025 will require a significant shift in the use of clean energy. To reach its goal, the company will look to sign power-purchase agreements which will support the growth of renewable energy markets across the globe.

    Beyond this, Vodafone aims to develop on-site renewable systems across its technology centers and base station sites and purchase renewable energy certificates.

    Sam Kimmins, Head of RE100, The Climate Group, said: “I’m delighted to welcome Vodafone Group to RE100. Setting a target to source 100% renewable power by 2025 demonstrates real leadership and a commitment to be a driving force in the clean energy transition.

    An integrated approach to energy

    Sourcing renewables as part of RE100 is one of several things Vodafone is doing to lower greenhouse gas emissions.

    To meet a commitment to reduce emissions by 40% from its own network operations by 2025, Vodafone is focusing on incorporating energy efficiency into new network designs. Vodafone is also bringing intelligent interconnection of its networks to facilitate reduced energy consumption for its customers.

     

      

     

     

     

     

  • Mars signs new solar PPA to source 100% renewable power in Australia

    Global confectionary giant and RE100 member Mars, Inc. has announced a corporate purchase of solar energy which will deliver 100% of the electricity needed to power its Australian operations by 2020.

    Signing a power-purchase agreement (PPA) with renewable energy company Total Eren for the 200 MW Kiamal Solar Farm in Victoria, Mars will source electricity to match the power needs of its six Australian factories as well as two sales offices.

    Mars was one of the first companies to join RE100, a global corporate leadership initiative led by The Climate Group in partnership with CDP, which now brings together more than 130 ambitious companies committed to sourcing 100% renewable electricity.

    The company is already using or purchasing renewable electricity to cover all of its operations in Belgium, Brazil, Lithuania, the UK and the US.

    Sam Kimmins, Head of RE100, The Climate Group, said, “Congratulations to Mars, one of the first RE100 pioneers to sign a power purchase agreement Down Under. As well as demonstrating to chocolate fans its high level of commitment to sustainability, investing in solar power is a sound business decision in light of fluctuating energy costs in Australia.”

    A powerful business case

    Mars’s announcement comes in the wake of volatile power prices in Australia, and as more and more Australian businesses choose to source cheaper renewable electricity to the benefit of their bottom line. 

    Barry O’Sullivan, Mars Australia said, "The rise in electricity prices last year accelerated our plans to join Mars sites in the US, UK and 9 other countries in moving to renewable electricity. We acted quickly because the price volatility of energy in Australia made renewables the best option for our business, in addition to getting us closer to our commitment to eliminate greenhouse gasses from our operations by 2040."

    The latest RE100 Progress and Insights Report revealed that 88% of RE100 members see the business case as an important driver for sourcing renewable electricity. As the price of renewables drops and becomes cost competitive with fossil fuels, switching energy sources makes increasing financial sense.

     Going further on corporate leadership

    Mars has previously called on other companies to “double down in support of the Paris Agreement.” As part of its pledge to become ‘Sustainable in a Generation’, the company aims to reduce greenhouse gasses by 67% across its entire supply chain by 2040.

    Kevin Rabinovitch, Mars Global VP Sustainability, said, “Last year we announced we’re spending a billion dollars in the next three years to start transforming our supply chain to get those impact reductions.”

    He added, “We’ve made solid progress on the sustainability of our own operations since 2007, so now we’re in a good position to accelerate work and share lessons with our supply chain partners as we tackle impacts beyond our own operations.”

    Sam Kimmins praised Mars’ leadership: “By adding renewables capacity and engaging suppliers, leaders like Mars can spur wider corporate action that can shift the local market away from fossil fuels and start bringing down the country’s high emissions.” 

    A recent report by RE100 highlighted the importance of companies going beyond their own operations and engaging their supply chain in driving the clean energy transition. When doing so, global companies can further accelerate market change in favor of renewables.