News

  • Demonstrating leadership on renewables: Microsoft drives innovative solutions in the US

    RE100 member Microsoft has signed a 15-year power purchase agreement (PPA) for renewable power from a 90MW wind project in rural Pennsylvania, US, and is helping to open up the local market to further direct investment by businesses in renewables.

    RE100 is the global corporate leadership initiative on renewables led by The Climate Group in partnership with CDP, bringing together more than 150 companies committed to sourcing 100% renewable electricity.

    The Big Level wind facility by TransAlta is the third PPA signed by Microsoft in the PJM Interconnection, and takes the company’s total renewable electricity portfolio to more than 1.2 gigawatts (GW) across six states and three continents.

    As well as clean power, the project will bring multiple economic and social benefits to Hector Township. Construction is now underway – creating 100 jobs, and over the life of the project, local communities will receive more than $8 million in tax benefits and landowner lease payments.

    "Working with companies like TransAlta to bring new projects online, especially wind projects in states outside the Wind Belt, is good for our business, the community and the clean energy economy," said Brian Janous, General Manager of Energy and Sustainability, Microsoft.

    John Kousinioris, President, TransAlta Renewables added, "Microsoft is a leader in procurement of renewable energy and a catalyst for change in how corporate customers can control their energy procurement.” 

    Accelerating market change

    Further to sourcing 100% renewable power for its own operations, Microsoft is demonstrating further leadership in the transition to renewables by helping to open up the market to smaller players.

    The IT giant has created a new contract to sit on top of PPAs to remove risk for buyers and incentivize aggregated energy storage – providing solutions that are scalable and affordable.

    PPAs are an increasingly popular way for businesses to source renewable electricity. The last RE100 Progress and Insights Report showed how 2016 saw a fourfold increase in the use of PPAs by RE100 members, and according to Microsoft, renewable energy created from PPAs went from zero to more than 13 gigawatts in the US in less than a decade.

    “This rapid growth, both within our portfolio and beyond, is because these deals are good for business,” write Brian Janous, General Manager of Energy and Sustainability and Kenneth Davies, Director of Innovation for Energy Strategy & Research, Microsoft, in a blog.

    “Renewable energy agreements help companies meet sustainability commitments customers increasingly expect and – if structured properly – do so in a way that provides a hedge against the risk of rising electricity costs on the open market. The fuel for renewable energy projects – the wind and the sun – are free, enabling a fixed price over the length of the agreement.”

    They continue, “However, as the market has matured, it’s become clear that other risks and complexities exist within the PPA structure that may inhibit their effectiveness as risk management tools. The failure to simplify this complex process and mitigate the risk assumed by the buyer could endanger the corporate procurement market, causing it to slow or stall out completely.”

    Driving innovation

    To overcome this challenge and encourage thousands of smaller companies to invest in PPAs, Microsoft has developed a ‘volume firming agreement’ (VFA) to address near-term price fluctuations created by the hourly variability of wind and solar. Effectively, VFAs remove the risk from the buyer and relocate it to those who want it – namely insurance companies.

    To date, Microsoft has signed three such contracts with Allianz, covering three wind projects in Texas, Illinois, and Kansas, totalling almost 500 MW.

    “At Microsoft, we are committed to driving a more sustainable future beyond our own four walls,” write Janous and Davies. “That is why our corporate energy commitments are broader than just megawatts. We intend to support and enable the transformation of the energy sector using our buying power and innovations so everyone can benefit.”

    Mike Peirce, Corporate Partnerships Director, The Climate Group, praised the company’s success. “Since joining RE100 in 2015, Microsoft has consistently demonstrated leadership by switching to direct sourcing of renewable energy and backing supportive policy frameworks. Having already achieved 100% renewable electricity, it’s fantastic to see the company now driving forward innovative solutions to help companies of all sizes to do the same.”

    Microsoft’s news comes in the wake of a special report by the Intergovernmental Panel on Climate Change (IPCC), which warns of rapidly increasing impacts of global warming above 1.5° Celsius.

    A recent RE100 paper sets out recommendations for ways in which companies can demonstrate leadership on renewable electricity and accelerate market shifts.

    Read more RE100 news here.

  • PwC commits to source 100% renewable electricity for global operations

    Professional services network PwC has joined RE100 with a target to source 100% renewable electricity for its global operations by 2050 and an interim goal of 70% by 2022.

    RE100 is a global leadership initiative led by The Climate Group in partnership with CDP. It brings together leading companies committed to source 100% renewable electricity, growing demand for – and delivery of – clean power.

    The interim target will be met by PwC first sourcing renewables for 21 of its largest firms, extending the commitment to cover the rest of its operations by 2050. Last year, 60% of electricity used by PwC’s largest operations – representing 88% of its revenue – came from renewable sources.

    Mike Peirce, Corporate Partnerships Director, The Climate Group, said: “By joining RE100 and committing to source 100% renewable electricity for its global operations, PwC makes it clear that renewable power is integral to a future-oriented business strategy.

    “As a network of firms in over 150 countries, PwC is sending a powerful message that business has a key opportunity to grow demand for clean energy across the globe.”

    Bob Moritz, Global Chairman, PwC commented: “We believe business has a key role to play in solving societal challenges alongside other stakeholders. This commitment is for us a recognition of the need to accelerate the pace of change, and individual business commitments, collectively, will make a critical difference to that.”

    Lowering emissions

    Over the past year PwC has reduced its global emissions by 4%, with emissions per employee reduced by 7%. PwC UK has achieved an 85% reduction of emissions from energy use over the last 11 years, and PwC Netherlands has introduced an internal cost of carbon.

    Alongside its RE100 commitment, the consultancy giant is introducing an air travel offsetting program backed by strict criteria. 

    Colm Kelly, PwC Global Leadership Team member and Corporate Responsibility Board Chair, said:

     “While our carbon impact is relatively low, it’s still important that we take action to tackle our emissions. Operating efficiently is simply good business and these commitments are a great way of keeping up momentum on embedding smarter ways of working. As we work towards our commitment we will offset unavoidable emissions from air travel by investing in high quality projects.”

    PwC will also offset residual electricity use until its 2050 target is met, helping to manage the transition.

  • Iron Mountain signs 145 MW power purchase agreement in Kansas

    RE100 member Iron Mountain has announced its biggest power purchase agreement (PPA) yet, signing a corporate deal for 145 MW of new wind power from a project in Kansas.

    RE100 is the global corporate leadership initiative on renewable electricity led by The Climate Group  in partnership with CDP.

    The amount of renewable electricity generated by the PPA will be enough to power 56,000 US homes and will reduce fossil fuel emissions equivalent to removing more than 101,000 cars from the road annually.

    The wind farm will also support 250 jobs during construction and generate millions of dollars in revenue for the local community.

    Sam Kimmins, Head of RE100, The Climate Group, said: “With this new power purchase agreement, Iron Mountain is bringing more renewable power onto the Kansas grid, supporting local economic growth and jobs and decarbonizing its own operations.”

    He added: “RE100 members are driving forward a clean economy and this is a shining example of how renewables are a win-win for both business and the climate.”

    Kevin Hagen, vice president of Environmental Social and Governance Strategy, Iron Mountain, said: “Renewable energy has become a key strategic component in how we manage electricity usage throughout our global real estate portfolio.

    “What is especially exciting is that, with this agreement and the achievement of other milestones, 100 percent of our data center business now operates on renewable electricity.

    “When you consider the sheer amount of electricity required to power our entire operational portfolio, it’s truly remarkable to hit these goals in a ‘business-positive’ manner that leverages renewable energy to help us reduce utility expenses, stabilize rates and reduce the business risks associated with fossil fuels.”

    Powering growth

    The new PPA will take Iron Mountain to 75% global renewable electricity usage in 2018, moving the data storage giant closer to being fully renewably powered by 2050; a target set through RE100.

    Iron Mountain will partner with NextEra Energy Resources on the agreement, which will result in the construction of a new wind farm and bring increased renewable electricity capacity onto the Kansas grid. The Pretty Prairie Wind Farm will be built in Reno County and operated by NextEra Energy Resources, with Iron Mountain purchasing a portion of the electricity it generates.

    Over its first 30 years in operation, the wind farm is estimated to generate $50 million in payments to local landowners, as well as millions of dollars in additional tax revenue to the local community.

    John Di Donato, vice president of Development for NextEra Energy Resources, said: “The Pretty Prairie Wind project will not only help advance Iron Mountain’s renewable energy goals, it will help drive the local economy forward, creating good jobs, millions of dollars in landowner payments, and additional revenue for the community to enhance roads, schools, and other essential services.”

    On the path to 100%

    With over 1,400 facilities across more than 50 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.

    In August 2018, the data giant announced that all its operations in Belgium, Ireland the Netherlands and the UK had reached the goal of being powered by 100% renewable electricity. All its global data centers also operate fully on renewable power.

    Read more news from RE100 members here. 

  • Sony accelerates shift to renewable power by bringing forward target year in the US

    RE100 member Sony has brought forward its target year for reaching 100% renewable electricity in the US to 2030.

    Sony joined RE100 in September with a goal of going 100% renewable globally by 2040. By setting an earlier target for its US operations, the tech giant is demonstrating it is possible for businesses to go further and faster.

    Sam Kimmins, Head of RE100, The Climate Group, welcomed the news: “We congratulate Sony for seizing the opportunity to make a faster transition to 100% renewable electricity in a well-developed market.”

    Sony’s decision to accelerate its US transition to renewable power comes in the wake of a new report  released by the IPCC showing that limiting global warming to 1.5°C will require rapid and profound transitions in energy systems across the globe.

    Commenting further, Sam Kimmins said: “In a week when scientists are telling us we need to do more to keep global warming under 1.5 degrees Celsius, you couldn’t have a more powerful message than one of the world’s largest electronics and entertainment companies stepping up the pace on climate action. This shows the business community what can be done, and we encourage all major companies to follow suit.”

    Mark Khalil, Executive Vice President, Sony Corporation of America, stated “While the Sony Group continues to work on the energy efficiency of our operations and products, we are increasing our efforts toward renewable electricity usage.  Our commitment to achieve 100% renewable electricity usage in the North American region by 2030 is a step toward our global goal.  By joining RE100 and establishing global and regional targets, we hope to accelerate the usage of renewable electricity at Sony and inspire other companies to do the same.”

    The path to 100% renewable electricity  

    RE100 is a global leadership initiative led by The Climate Group in partnership with CDP, bringing together ambitious and forward-looking businesses committed to 100% renewable electricity. 

    Sony is already sourcing 25% renewable electricity for its US operations in 2017 and plans to reach 100% through a combination of on-site solar, renewable energy certificates, and others. 

    Sony is already sourcing 100% renewable electricity in Europe, and will focus on North America, China and Japan next.

    As the base for Sony’s semiconductor manufacturing sites, Japan accounts for the company’s largest energy consumption. To roll out renewable electricity here, Sony will establish a transfer scheme of electricity generated at its sites to fully utilize excess renewable electricity generated by on-site solar panels.

    The company will also work with other RE100 members in calling on Japanese energy companies to provide affordable and reliable supplies of renewable energy.

    Sony incorporates its RE100 commitment into its “Road To Zero” plan which aims to achieve a zero environmental footprint across the lifecycle of its products and business operations by 2050. Beyond sourcing renewable electricity, the plan also involves resource conservation, chemical substance use and the promotion of biodiversity.

    Read more news from RE100 members here.

  • RE100 newsletter: Global summits, 13 new members, and dates for your diary

    Alongside the success of the Global Climate Action Summit and Climate Week NYC, September saw 13 leading companies join RE100, making ambitious commitments to source 100% renewable electricity. This month’s newsletter reflects on both summits, our new report with Capgemini Invent demonstrating the business case for renewables, and important upcoming events.


    Welcoming new joiners

    Shortly after Capital One, Sony Corporation, McKinsey & Company, Royal Bank of Scotland, and WeWork joined RE100 for the Global Climate Action Summit, followed by clothing giant PVH. Climate Week NYC then saw seven new joiners from seven different countries: Decathlon, Lyft, Mahindra Holidays & Resorts India, Fuyo General Lease Co., and TRIDL, as well as our first members from Turkey (Gürmen Group) and Latin America (Grupo Bimbo).


    RE100 members forum

    The Climate Group led on the Healthy Energy Systems challenge at the Global Climate Action Summit. RE100 members Apple, Dalmia Cement, IKEA Group, Mars, Inc., Microsoft and Salesforce spoke at events on corporate sourcing of renewable energy.

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    Going further and faster for Climate Week NYC

    The Climate Group hosted the 10th Climate Week NYC, showcasing ambitious climate action. The Opening Ceremony featured the CEO of Ricoh, Chairman of Mars, Inc., and the President and Chief Legal Officer of Microsoft. This was followed by a series of business focused events in the first ever Climate Week NYC Hub.

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    RE100 members forum

    More than 40 delegates participated in this RE100 forum at Climate Week NYC. Discussions focused on how to show leadership on corporate sourcing of renewables, through peer collaboration, policy influencing, and growing the RE100 movement.

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    RE100 webinar with Swiss Re

    Gold members were invited to a webinar with Swiss Re on risk management for corporate power purchase agreements. 

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    Member news

    We are pleased to partner with CIER to manage RE100 regional engagement for Taiwanese members. Please contact George Hu to make an introduction if you operate in this region.

    The Climate Group continues to partner with Japan-CLP to manage RE100 member engagement in Japan. If you operate here and would like to meet Japan-CLP, contact Takayuki Shibaoka

    Novo Nordisk writes on why “going 100% renewable just makes sense” in a recent Q&A.

    Over 15 companies attended a virtual workshop with RMI’s BRC, CDP and RE100 in September, discussing how companies engage their supply chains. This will be followed by two in-person workshops led by RMI and co-facilitated by RE100, at the REBA summit in October. For more information, or to sign up to the FUSE supply-chains newsletter please contact mporter@rmi.org.


    To find out about our events and webinars, go to www.there100.org/events

  • Climate Week NYC: companies with cleaner, smarter energy use outperform their peers

    RE100 companies are more profitable than their peers, a new report reveals today – underlining the business case for putting sustainability at the heart of corporate growth strategies.

    The RE100  report with Capgemini Invent, which draws on 2016-17 data from a sample of 3,500 companies, shows RE100 businesses (committed to 100% renewable electricity) consistently perform better than non-members on two key financial indicators: net profit margin and EBIT margin (Earnings Before Interests and Taxes). The difference is significant (up to 7.7 percentage points), and is true across all sectors (most prominently for IT, telecommunications, construction and real estate).

    The report comes from Climate Week NYC, where for the 10th year running The Climate Group is convening business and government leaders from around the world to advance climate action.

    Also new today:

    Helen Clarkson, CEO The Climate Group, speaking from ‘Ambition. Pace. Scale.’, The Climate Group’s flagship business event at Climate Week NYC, said: “Being energy-smart and being business-smart goes hand in hand and this has to be norm, sooner rather than later to keep warming well below 2 degrees Celsius. We congratulate those going further and faster on climate action and we urge others to do the same – a win-win for emissions and the bottom line.”

    With the addition of today’s new members and of PVH Corp. (Tommy Hilfiger, Calvin Klein, Speedo) last week, RE100 now brings together 152 leading companies from a wide range of sectors, representing over US$3.8 trillion in revenue. Committed to sourcing 100% renewable electricity for their global operations in more than 120 countries, they are creating demand for over 184 TWh of renewable energy per year – more than enough to power New York State and Connecticut combined*.

     Increasing renewable energy demand – RE100

    Grupo Bimbo

    Grupo Bimbo is the leading bakery company headquartered in Mexico and with operations in 32 countries in the Americas, Asia, Europe and Africa, including the US, Canada, Chile, and Spain. The company is targeting 100% renewable electricity in all geographies by 2025, with an interim goal of 80% by 2020. Approaches include solar PV, power purchase agreements, renewable electricity attribute certificates, and green tariffs.

    By 2019, Grupo Bimbo will be saving 440,000 tons of CO2 emissions every year globally, thanks to renewable electricity. 70% of the electricity used by the company in Mexico is being sourced from wind energy, and this year the company also installed 4.2MW solar panels on rooftops. In the US, Grupo Bimbo aims to become the first baking company to use 100% renewable electricity by 2019, and signed a virtual power purchase agreement (VPPA) for wind energy earlier this year.

    Daniel Servitje, President and CEO, Grupo Bimbo, said: “Our commitment to convert our operation to 100% renewable energy is a major step towards our purpose of building a sustainable, highly productive, and deeply humane company. Having operations in 32 countries, this is a challenge we assume with the clear conviction and responsibility of contributing to a better planet for present and future generations.”

    Sharing the company’s renewable energy journey in front of peers at Ambition. Pace. Scale., Jorge Zárate, VP for Global Operations, Grupo Bimbo, added: “As a global company, we are firmly committed to working every day with a high sense of environmental responsibility. This initiative is part of our strategy for renewable energy, which we began in 2012 with the opening of the Piedra Larga wind farm, acquiring importance as an important global commitment. Today, we are the first Latin American Company in joining RE100 and we are confident that in the near future many other companies in the region will join this important project”.

    Gürmen Group

    Gürmen Group is based in Turkey and operates within the fields of retail, mining, energy, agriculture, construction and real estate, exporting to 60 countries worldwide. The company is expecting to achieve 100% renewable electricity by the end of this year. Gürmen Group has access to the largest geothermal power generation area in Turkey. Having built a 10 MW plant in 2017, the company will expand this to 34 MW in 2019, before adding an additional 50 MW by the end of 2020, and eventually taking advantage of the full 150 MW capacity of the site through further investments – buying and selling electricity through power purchase agreements.

    Remzi Gür, Chairman, Gürmen Group, said: “Gurmen Group aims to become one of the industry leaders on environmental issues and the commitment of using 100% renewable electricity is the proof of this purpose. We are pleased to join the RE100 initiative and be the pioneer for our country. We hope these first steps will influence new firms in Turkey.”

    Fuyo General Lease Co., Ltd.

    Fuyo General Lease Co., Ltd. (FGL) is a Japanese company leasing buildings, IT and office equipment, industrial machinery, medical devices and transport equipment. The company is targeting 100% renewable electricity by 2050, with an interim goal of 50% by 2030. FGL will boost its supply of renewable electricity with up to 200MW of solar power plants by 2022. The company will promote project financing to renewable power plant operators and provide leasing options for renewable energy and energy saving systems.

    Yasunori Tsujita, President and Chief Executive Officer, Fuyo General Lease Co. Ltd, said: “Joining the RE100 campaign means not only our commitment to 100% renewable electricity sources by 2050, but also our basic strategy that FGL will deliver a multi-faceted contribution in the business field, in order to promote renewable sources in society. FGL, as the first RE100 member among comprehensive leasing companies in Japan, expects to have increasing opportunities to collaborate with customers and various stakeholders to achieve our goals.”

    Mahindra Holidays & Resorts India

    Mahindra Holidays & Resorts India is a part of the Leisure and Hospitality sector of the Mahindra Group, providing holidays primarily through ownership memberships. Already a member of EP100 and committed to doubling its energy productivity by 2030 (2008-9 baseline), the company is targeting 100% renewable electricity by 2050, with an interim goal of 60% by 2030. By shifting from fossil fuels to renewable energy sources, it aims to reduce emissions, improve energy security, save costs, and enable sustainable business growth. The company is already using solar PV in its resorts, and it intends to drive innovation by using various renewable energy technologies going forward.

    Kavinder Singh, MD & CEO, Mahindra Holidays & Resorts India Ltd. “We are the leaders in leisure hospitality in India and we are the No. 1 vacation ownership company in the world in terms of member base (excluding North America). We are committed to RE100 as it is an important step towards sustainable tourism and sustainable livelihoods in the destinations, where we run/build our resorts. We believe RE100 is a step to achieve our mission - Good Living, Happy Families!”

    TRIDL [also see EP100 section]

    TRIDL is a facial mask and skincare company operating in Asia and North America. The company has a RE100 target to achieve 100% renewable electricity globally by 2048, with an interim target of 30% by 2020. TRIDL plans to install solar panels in 2019.

    Sany Lai, Vice President, Tridl, said: “Joining the RE100 project shows TRIDL’s commitment to protecting our Earth and lands. Striving for environmental protection, efficient reuse of waste energy and ensuring our products are made using natural resources responsibly are the ways we are delivering on our promise to align with customer preferences and values and help make a positive impact.”

    Decathlon

    Decathlon is Europe’s biggest sports retailer, with operations in 51 countries and over 1,400 stores. The company is committed to sourcing 100% renewable electricity globally by 2026. This includes facilities in France, Spain, Italy and China, which account for most of its electricity use and already have some onsite solar installations, as well as new territories such as Australia, Israel, Chile, Canada and the US.

    Emma Woolley, Project Manager for renewable energy, Decathlon, said: “Decathlon is really proud to join RE100. We look forward to learning from, sharing and working with other companies to make renewable energy more accessible. This commitment is totally aligned with our company’s Vision for 2026, which was co-written by our team mates and has a heavy focus on reducing our environmental impact. By doing our part to combat climate change, we are protecting the natural environment where people play sport. We hope our commitment enables other companies to do the same.”

    Lyft

    Lyft is the fastest growing rideshare company in the US. The company achieved its goal of covering 100% of its operations' electricity consumption, including electric vehicle charging, with renewable electricity in Q4 of 2018. Where available, Lyft is purchasing clean energy directly from its local utility partners, beginning in San Francisco with the city's CleanPowerSF program. Where direct renewable energy supply is not yet available, Lyft is purchasing renewable energy credits (RECs) through its partner 3Degrees. The company intends to work with its local utility partners in other cities to replicate this direct supply model everywhere it can. Already public about its 100% renewable electricity achievement, Lyft is today joining the RE100 leadership group to help send a collective demand signal to the market. 

    Sam Arons, Director of Sustainability, Lyft, said: “Our pledge is to make Lyft a carbon neutral and 100% renewable company. This means offsetting the carbon emissions from all Lyft rides, and purchasing enough renewable energy to cover the electricity consumption of every Lyft office space, driver hub, and electric vehicle mile on our platform. Lyft’s investment and impact will continue to grow as the company does. We're excited to join RE100 to become a part of this important group of organizations stepping up to fight climate change.”

     

  • Clothing giant PVH joins RE100 and targets 100% renewable electricity by 2030

    Apparel industry giant PVH Corp. – owner of brands such as Calvin Klein, Tommy Hilfiger and Speedo – has joined RE100, committing to source 100% renewable electricity by 2030 with an interim target of 50% by 2025.

    RE100 is a global corporate leadership initiative led by The Climate Group in partnership with CDP. It now brings together more than 140 businesses accelerating the demand for – and delivery of – renewable energy across the globe by committing to power their own operations with electricity from renewable sources.

     Welcoming PVH to the initiative, Mike Peirce, Corporate Partnerships Director, The Climate Group said: “By joining RE100 and transitioning to 100% renewable electricity, PVH is taking a lead on sustainable clothing. With some of the best-known names in fashion – such as Calvin Klein, Tommy Hilfiger and Speedo – all covered by this commitment, there is no doubt that going ‘all in’ on renewable electricity is the future of the apparel industry, bolstering brand reputation and delivering the sustainable approach that consumers increasingly want to see.”

    Emanuel Chirico, Chairman and CEO, PVH Corp., said “Climate change is one of the greatest challenges facing the world today. As a leader in the apparel industry, we believe that we have a responsibility to limit our environmental impact and support cleaner energy alternatives, and mitigate the negative impacts of greenhouse gas emissions.”

    Leadership aligned with science

    PVH is not only joining RE100 but, but has also announced its commitment to setting science-based targets designed to keep its greenhouse gas reduction aligned with worldwide efforts to limit global warming to well below 2˚C.

    “Joining RE100 and the Science Based Targets Initiative are important – and meaningful - steps in our ongoing sustainability journey, leading us toward a circular, low-carbon economy”, said Emanuel Chirico.

    “In the coming years and beyond, we will continue to use our role in the industry to strengthen and grow our partnerships, change workplaces for the better, enhance local communities and protect our shared environment.”

    A key moment to step up

    PVH’s announcement comes just ahead of Climate Week NYC, the time and place where the world gathers to showcase amazing climate action and discusses how to do more.

    Taking place between September 24-30, 2018, in New York City, Climate Week NYC is one of the key summits in the international calendar and has been driving climate action forward since it was first launched by The Climate Group in 2009.

    On September 25, RE100 members will gather to share their stories of sourcing 100% renewable electricity and new corporate action announcements are expected. 

     

  • New frontiers in corporate leadership on renewable power ahead of Global Climate Action Summit

    • First in a series of corporate announcements in the week of the Global Climate Action Summit, San Francisco
    • Sony Corporation, one of the world’s largest electronics and entertainment companies, with consolidated sales of approximately $77 bn (FY2017), commits to sourcing 100% renewable electricity for its global operations – spanning Europe, North America, and Asia
    • McKinsey & Company – the first management consultancy to globally step up and join RE100 - Royal Bank of Scotland (RBS) and the innovative shared workplace company WeWork, also join RE100, commit to source 100% renewable electricity

    San Francisco: In the global entertainment industry’s biggest move on renewable electricity yet, one of the world’s largest electronics and entertainment companies, Sony Corporation, joins RE100, alongside management consulting leader McKinsey & Company, global coworking and community company WeWork and the Royal Bank of Scotland (RBS).

    RE100 is a global corporate leadership initiative led by The Climate Group  in partnership with CDP, bringing together more than 140 multinationals committed to 100% renewable power.

    RE100 members are creating demand for 182.4 TWh of renewable energy per year – more than enough to power a medium sized country, such as Thailand or Poland. Their operations span a wide range of geographies and sectors, highlighting diverse business action in a pivotal year for clean energy leadership.  

    Further corporate leadership announcements on clean energy are expected this week as leaders from business, states, regions and cities come together in San Francisco for the Global Climate Action Summit (September 12-14). The Climate Group is leading work on Healthy Energy Systems and hosting the Under2 Coalition General Assembly (September 12).

    Helen Clarkson, CEO, The Climate Group, said: “By stepping up and joining RE100 these leading companies are saying loud and clear that 100% renewables are the solution – they reduce business risk and drive down greenhouse gas emissions. By putting renewables at the heart of their business strategies, RE100 members are sending the demand signals needed for national governments to increase their own ambitions on clean energy.” 

    Welcoming Sony Corporation to RE100, she added: “We are excited to welcome Sony aboard RE100. From PlayStation® and image sensors to consumer electronics, music, and film, this is the largest entertainment and technology business in the world stepping up and switching its entire operations to 100% renewable electricity. Sony is at the forefront of cutting edge innovation and is showing the global market that renewable energy is the future.”

    California Governor and Global Climate Action Summit Co-Chair, Edmund G Brown Jr., said:

    “The Global Climate Action Summit is a call to action and these companies, with their bold commitment to clean energy, are setting the pace.”

    Business leadership

    Sony Corporation is the parent company of Sony Group, including Sony Music Entertainment, Sony Picture Entertainment, Sony Mobile Communications and more. By sourcing renewable energy, Sony has already avoided 154,000 tons of CO2 emissions since FY2016

    Sony is now targeting 100% renewable electricity by 2040; 30% by 2030. Already sourcing 100% renewable electricity in Europe, its next steps will be in North America and China, and installing on-site solar panels in Thailand and Japan. Japan is home to Sony’s semiconductor manufacturing sites and accounts for the largest energy consumption within the Group. Here, Sony will establish a transfer scheme of electricity generated at Sony sites to fully utilize excess renewable electricity generated by on-site solar panels, while working with other RE100 members to call on Japanese energy companies to provide affordable and reliable supplies of renewable energy.

    Kenichiro Yoshida, President and CEO, Sony Corporation, said: “For many years, Sony has been an industry leader in actively addressing climate change and other environmental issues. As part of our “Road to Zero” initiative to eliminate our environmental footprint, we are pleased to join RE100 and contribute to the realization of a society that operates on fully renewable energy.

    “In anticipation of the coming autonomous driving era, Sony aims to contribute to the safety of mobility and to the reduction of environmental impact through its automotive CMOS image sensor business. We have positioned these initiatives as one of our pillars of our societal contribution from a long-term perspective. At the same time, we are also proactively taking measures to assess and minimize the impact of our overall business activities such as semiconductor manufacturing on the environment. By joining RE100, we hope to contribute to the expanded usage of renewable energy not only within Sony but by the industry at large”.

    Paul Simpson, CEO, CDP, commented: “We are delighted that Sony Corporation has joined RE100 with a bold commitment to source 100% renewable electricity. This strong uptake of renewables will help them achieve their science-based target. One of the first to move in their industry, Sony is leading the pack in the transition to the new low-carbon economy, and we will be transparently tracking their progress along the way.”

    He added: “With a heavy reliance on fossil fuels, Japan’s electricity market is a hard nut to crack if you’re looking to source 100% renewable electricity, but Sony is showing what can be done. We welcome Sony’s intention to work with RE100 peers to demonstrate growing demand to suppliers – just the kind of leadership we need to see.”

    McKinsey & Company, WeWork and RBS operate in largely developed renewable energy markets. McKinsey & Company and RBS are both committed to sourcing 100% renewable electricity by 2025, and WeWork is targeting 2023. McKinsey is the first management consultancy firm to join RE100 and is transitioning to 100% renewable electricity as part of its broader commitment to become carbon neutral. The firm plans to achieve this by purchasing green tariffs and by working with its landlords where they provide the electricity in offices it leases. Where this is not possible, it intends to purchase energy attribute certificates to send a clear demand signal and support the development of renewable energy in those markets.

    Kevin Sneader, Global Managing Partner, McKinsey & Company, said: “McKinsey has been researching and working with our clients on sustainability for more than a decade. It is important to us that as firm we operate in a way that is environmentally sustainable. That is why we are going to become carbon neutral and why we are proud to be joining the RE100 group of companies who are demonstrating their leadership by committing to 100% renewable electricity.”

    Thanks to green tariffs purchased in the UK and Ireland, RBS has already reduced its emissions by approximately 80% over three years (391,000tCO2e in 2014 to 76,000tCO2e in 2017). After reaching 90% renewable electricity by 2020, RBS plans to reach 100% by 2025 using renewable energy attribute certificates equivalent to its Indian operations. In 2017, 80% of RBS’s energy project financing went to renewables. The bank has also been recognised as the UK’s largest lender to renewables projects by numbers of transactions from 2012-2017, according to InfraDeals, a renewables and infrastructure market-data provider.

    Kirsty Britz, Director of Sustainable Banking, RBS, said: “We want to help build a cleaner, more sustainable economy for the future. So we’re pleased to be joining the RE100 network as we work towards using 100 per cent renewables for all our electricity across our global operations. This is part of our work towards building a more sustainable bank; we lend to more renewables projects in the UK than any other bank, and we’ve recently changed our lending policies to ensure that we no longer fund high polluting projects like new coal fired power stations or new thermal coal mines”.

    Today, WeWork has locations in over 80 cities around the world. The company itself has negligible energy consumption and expects to play a leading role in the clean energy transition by designing, building and operating spaces powered by renewable electricity. Its sustainability strategy addresses the impact that the community of WeWork employees, members and partners can have on energy, materials and the health of spaces all around the world.

    Miguel McKelvey, WeWork Co-founder and Chief Culture Officer, said: “Together with our global community, we are redefining the way we work, live and learn. As globally conscious citizens, we believe that WeWork has a responsibility and an opportunity to create a new forum for discussion and new forms of action. We have committed to making all of our global operations carbon-neutral by 2023.”

    “We are also actively exploring sustainable sources and circular models for materials, and pushing the boundaries of how we design and operate spaces.  Our company, employees, members and partners are dedicated to creating meaningful positive impact in our buildings, neighborhoods and cities and ultimately building a better future.”

    The new member announcements follow the launch of an RE100 leadership paper on how businesses can go further and faster in the transition to renewable electricity. Notable examples include taking a leadership position and influencing key stakeholders in more difficult market contexts (Sony, Japan) and setting global end goals in the near future (WeWork – 2023, McKinsey & Company, RBS – 2025).

    About RE100

    Led by The Climate Group in partnership with CDPRE100 is a collaborative initiative bringing together the world’s most influential businesses committed to 100% renewable power. Renewables are a smart business decision, providing greater control over energy costs while helping companies to deliver on emission reduction goals. RE100 members, including Global Fortune 500 companies, have a total revenue of over US$2.75 trillion and operate in a diverse range of sectors – from information technology to automobile manufacturing. Together, they send a powerful signal to policymakers and investors to accelerate the transition to a low carbon economy. Japan-CLP is the local engagement partner acting on behalf of The Climate Group in Japan.

    RE100.org | #RE100

    About The Climate Group

    The Climate Group’s mission is to accelerate climate action to achieve a world of under 2°C of global warming. We do this by bringing together powerful networks of business and governments that shift global markets and policies. We focus on the greatest global opportunities for change, take innovation and solutions to scale, and build ambition and pace. We are an international non-profit organization, founded in 2004, with offices in London, New Delhi and New York.

    Our business campaigns are brought to you as part of the We Mean Business coalition.

    Visit TheClimateGroup.org and follow us on Twitter @ClimateGroup and Facebook @TheClimateGroup.

    About CDP

    CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$87 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 6,300 companies with some 55% of global market capitalization disclosed environmental data through CDP in 2017. This is in addition to the over 500 cities and 100 states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Please visit www.cdp.net or follow us @CDP to find out more.

  • RE100 newsletter: members forum, new report, and upcoming events

    The Climate Group will soon host Climate Week NYC, during which members are encouraged to attend our closed-door RE100 members forum. Two weeks ahead of the Global Climate Action Summit, our members are calling for more companies to commit to 100% renewable electricity. Read on for more information, including the launch of our new leadership report


    RE100 members forum

    Members are invited to our RE100 members forum, September 25 at Climate Week NYC. Attend this participatory workshop to network with RE100 peers and contribute to the future campaign strategy. To register, contact Eleanor Dinnadge

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    New RE100 leadership report

    Our latest report provides a framework for companies looking to demonstrate leadership in the transition to renewable electricity, drawing on members' best practice. For further insight, read our blog here

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    Our momentum in Japan continues to grow

                                                                                                        AeonDaiwa HouseH&ML’Occitane and Unilever spoke on a panel at a 100% renewable symposium in Japan. In September, we will meet with METI to discuss effective market reforms for companies to source renewables in Japan.

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    RE100 webinar with Schneider Electric

    Gold members were invited to a webinar with Schneider Electric looking at the dual-benefit of cost savings and sustainability from renewables in India.  

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    Member news

    Read parts 1 and 2 of our interview with Mars to learn why the company is sourcing 100% renewable electricity.

    The Climate GroupFifth Third Bank spoke on a panel at Schneider Electric’s Perspectives Summit in Nashville.

    AppleSwiss Re and Etsy joined forces to sign new power purchase agreements. BBVA signed a wind PPA in Spain.

    Facebook announces new 2020 target for 100% renewable energy.

    Iron Mountain and The Climate Group spoke during a case study interview with Ethical Corporation.

    Participate in a survey for DG ENER/CEPS/COWI on corporate sourcing of renewable electricity.


    Coming soon

    Global Climate Action SummitSan Francisco, September 12-14. Watch this space for new member announcements.
    Climate Week NYC, September 24 - 30. On September 25, The Hub introduces a day of exclusive corporate leadership events. To register, click here.

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

  • Kevin Rabinovitch, Mars: "We can help send the market signals necessary to keep momentum moving in the right direction”

    Mars was one of the first companies to join RE100, a global leadership initiative on renewable energy led by The Climate Group in partnership with CDP. Here, Kevin Rabinovitch, Global Vice President of Sustainability at Mars, tells us about the challenges and opportunities resulting from sourcing 100% renewable electricity. This is part two of the interview - read part one here.

    What challenges are you encountering from sourcing renewable power?

    "As we continue to expand our renewable electricity programs globally, we’ve learned quite a bit about what works and what doesn’t.

    One of the challenges Mars has faced is gaining a strong understanding of the variability surrounding how electricity is bought, sold and regulated from country to country. To negotiate the best long-term contracts possible, we’ve dedicated significant time and resources to better understand the renewable electricity space in each market we operate in and customized our approaches to the different regions.

    Today, we’re working closely with local developers to research and determine what technologies perform the best in different priority regions around the world.

    We also know that electricity is only one component where renewable sources can be applied. Companies’ demand for heating and cooling—a largely unrecognized energy demand—offers another important opportunity. The use of energy for heating water and both heating and cooling space, referred to collectively as thermal energy, accounts for roughly one-third of the total energy consumed in the U.S."

    Have any new opportunities come from sourcing renewable electricity?

    "We’re purchasing renewable electricity at prices equal to, or less than, traditional electricity sources in 10 countries around the world. This is an innovation story that has real bottom line benefits.

    It’s also opened doors for us to work more collaboratively with customers working toward their own renewable energy goals. And it provides a dynamic area of engagement with policymakers."

    Do you face any policy barriers? 

    "The Paris Climate Agreement set a global pathway toward climate action. In the past year, we’ve seen retractions of commitments in the U.S. This has presented companies like ours with obstacles and barriers that we’re aiming to address through multi-stakeholder initiatives such as We Are Still In  (WASI).

    WASI is a bipartisan coalition of more than 2,700 representatives in business, local government, higher education, as well as cultural, tribal and faith institutions declaring that we will not retreat from the global pact to reduce greenhouse gas emissions to mitigate climate change.

    In the U.S., we’ve gone all in on renewable energy and believe others should join us. That’s why we filed a letter in support of the Clean Power Plan with the EPA earlier this year."

    Why do you think it is important for companies to play a role in increasing demand for renewable electricity?

    "Humanity’s greenhouse gas emissions have changed the composition of our atmosphere and the climate that surrounds us.

    Around the world, people are feeling the effects – from increased average and extreme temperatures, to changes in rainfall patterns, to more severe and less predictable storms. We believe corporate climate strategies need to be rooted in the best-available science, which tells us that to avoid the worst consequences, we should limit global warming to well below 2°C above pre-industrial temperature.

    Electricity producing assets – be they fossil based or renewable – have long lives, so projects being built today will have consequences for decades.  Driving demand for renewables changes the investment decisions across the marketplace and increases the attractiveness of building new renewables rather than fossil assets.

    We believe business has a big role to play in increasing the demand for renewable electricity. By establishing long-term power purchase agreements, we can help send the market signals that are necessary to keep the momentum moving in the right direction."

     How are you going further and faster as a company to deliver climate leadership?

    "We’re very focused on using our scope and scale to influence others. We engage in multilateral advocacy through collaborative groups like the Ceres Business for Innovative Climate and Energy Policy (BICEP) Network, WASI and We Mean Business.

    We also conduct direct lobbying, provide public filings for the Clean Power Plan with the EPA, and attend and engage in global climate forums such as the UN Conference of the Parties (COP), the Global Climate Action Summit and more.

    We’re also seeing consumers beginning to encourage companies to do their part to fight climate change. In 2017, our M&Ms brand launched the Fans of Wind campaign, a consumer-facing campaign that aims to educate consumers about the benefits of renewable wind energy and what they can do to support renewable energy in their own lives."

    We also actively communicate our sustainability strategy internally to all our Associates around the world. This work is critical to establishing the vision and values that people are increasingly looking for as they consider where they work."

    Read part one of the interview here.