News

  • 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.

  • Kevin Rabinovitch, Mars: "Every movement needs a group of first movers and we believed we had the capability to step up."

    As a new RE100 leadership paper sets out guidance for companies everywhere to show leadership on renewable electricity, we talk to Kevin Rabinovitch, Global Vice President of Sustainability, Mars – the first US company to step up and join RE100, back in 2014.

    Why is Mars going 100 percent renewable?

    "When we established a formal, global sustainability team in 2007, we decided that we would rely on science to guide our GHG emissions reductions.  At that time, we only had good data for Scope 1 and 2 emissions, so we set an initial goal for our direct operations – recognizing that was where we had the most control and influence.

    Anticipating that working beyond our factories and offices would likely be more challenging than our own operations, we decided to over-deliver against what the science said was necessary in our direct operations – leading to our goal of 100 percent renewable emissions by 2040. Setting and working to achieve this goal pushed us to understand the dynamics of advancing renewable use at scale.

    With the cost of renewable electricity coming down rapidly, the business case for switching to renewable electricity is good and becoming stronger. Mars’ long-term renewable electricity contracts are allowing us to achieve cost parity, and in some cases, significant long-term cost savings as well."

    Mars was one of the first members of RE100 – why was it important for Mars to go first?

    "Every movement needs a group of first movers and we believed we had the capability to step up. We were one of the early leaders of RE100 and made a commitment to 100 percent renewable electricity use in our direct operations.

    Now there are 140 companies committed to RE100. Through RE100, Mars is joining with other like-minded companies to share key learnings and help inspire and encourage others in our industry to lead the change towards a low-carbon future."

    What are your achievements so far?

    "Momentum in this space has been greater than we anticipated.  We’re already using or purchasing renewable electricity to cover 100 percent of our operations in Austria, Belgium, the Czech Republic, France, Lithuania, Poland, Spain, the United Kingdom and the United States. We’re also adding Mexico in 2018.

    We recently finalized a long-term contract that will enable us to procure 100 percent renewable electricity in Australia starting in 2020. We’ll be an off-taker of a 200MW solar project in Ouyen, Victoria. The total project will include approximately 125,000 solar panels from which Mars will procure approximately 43MW annually.

    Mars, in partnership with Total Eren, will play a role in reducing Australia's reliance on fossil fuels – the power generated at the Kiamal Solar Farm will be supplied to the national grid, thereby increasing the ratio of renewable energy in the National Energy Market.

    Our approach to renewable electricity comes to life in a variety of different ways around the globe, from on-site renewable generation to annual electricity supply contracts in Europe, to signing long-term, country-level Power Purchase Agreements (PPAs).  in places like the United States, the United Kingdom, Mexico and Australia. These projects create new market demands and help expand renewable infrastructure across the world.

    Since producing energy is not one of Mars’ core competencies, we do not invest our own capital in renewable electricity projects. Instead, Mars forms long-term partnerships with organizations that can invest the upfront capital required and purchases the electricity output from the projects through a long-term contract to minimize risk and maximize financial returns over time.

    While a lot of companies prioritize fixed price agreements and shorter contracts, Mars prioritizes long-term contracts in an effort to achieve cost parity, or better, over time and retain ownership of renewable attributes (such as RECs or GOs). Since there is also less risk associated with long-term contracts for our partners, it is a win-win for both us and our suppliers."

    What plans do you have for switching more of your electricity use to renewables?

    By the end of this year we’ll have 10 countries where we use or purchase renewable electricity to cover 100% of our operations. We expect 36 percent of Mars’ global direct electricity use to be renewable by the end of 2018. This does not include our latest contract in Australia, which will not begin sourcing electricity from solar power until 2020 – but when it does, it will power 100% of our Australian operations.

    Click here to read the RE100 leadership paper ‘Business Leadership in the Transition to Renewable Electricity’. Coming soon: part 2 of this interview, where Mars will share with us the challenges and business benefits of working towards 100% renewable power.

     

  • Blog: How to lead - going further and faster on renewable electricity (new RE100 report)

    What constitutes leadership on corporate sourcing of renewables? As businesses around the world are asked to ‘step up’ their efforts to lower climate change emissions, Sam Kimmins, Head of RE100, The Climate Group, and Alberto Carrillo Pineda, Director, Science Based Targets & Renewable Energy, CDP, share their thoughts.

    Since its beginning, RE100 has been about leadership. Our members put their heads above the parapet and pledged to go 100% renewable when few thought it possible, smashing preconceptions and sending a powerful demand signal to the market. 

    Four years later, The Climate Group and CDP have brought together 140 pioneer companies with the same ambitious commitment, all putting renewables at the hearts of their business strategies.

    2018 is a pivotal year for accelerating climate action, and leading companies want to be as effective as possible in reducing emissions and in driving the clean energy transition for the benefit of their business.

    Our members increasingly ask us how they can optimize their impact and use their influence most effectively as agents of change. In the past, these kinds of discussions have mainly focused on extra capacity being brought onto the grid. This is important, but not the whole story.

    As our new briefing shows, leadership is truly multifaceted.  

    Ambitious targets and transparent progress

    So, what does it take to be a corporate leader on renewables?

    Firstly, it means setting clear and ambitious targets for sourcing 100% renewable electricity as soon as possible. A 100% goal leaves no room for doubt – reaching a 100% renewable electricity requires change across a business globally, from the boardroom right through to the shop floor.

    Speed is just as important. To keep warming under 2 degrees Celsius, we need to decarbonize the grid by 2050, globally. Targeting 100% renewable electricity by this time is not a stretch target, it’s the minimum we need to succeed.

    Nearly two-thirds of RE100 members aim to power their operations entirely with renewable electricity by 2025, and more than three-quarters by 2030. This includes companies from energy intensive sectors like the automotive industry, for which a fast transition to renewables will never be easy, but unparalleled opportunities exist to lead.

    For Tata Motors, the opportunity is strikingly clear. With a target to source 100% renewable electricity by 2030, India’s largest automobile manufacturer has established itself as a pioneer in a challenging market, and through RE100, is sharing its learnings with other companies.

    Transparency is another hallmark of leadership. By publicly declaring their targets and progress, and by sharing how they are buying renewables, businesses can substantiate their claims and showcase action to their investors and customers, who are increasingly interested in how companies are managing the risks and opportunities of the clean energy transition. By sharing their experience with their peers, companies can also help to accelerate the growth of renewable electricity markets, to the benefit of all.

    It’s a requirement for RE100 for companies to disclose their energy data through CDP, and we encourage companies to go further, reporting not only the proportion of electricity being sourced from renewables, but also how they are sourcing it, and any other ways in which they are influencing change. Transparency provides the insight for greater action. 

    Driving sustainable economic growth

    Leadership also means creating positive impact – driving economies of scale, new jobs and innovation.

    Corporate sourcing of renewables provides a new source of finance, and according to Bloomberg NEF, RE100 members are investing over $94 billion. Bloomberg NEF also calculates that the current 140 signatories of RE100 will need to purchase an additional 197TWh of renewable energy in 2030 to reach their 100% targets – which could be met with a 100GW of build, larger than California’s electricity grid.

    According to IRENA, 10.3 million people are now employed worldwide in the renewable energy sector. RE100 members are taking this number higher, especially, when pursuing the highest impact strategies for sourcing renewable electricity, such as power-purchase agreements, onsite generation, and investing in emerging technologies.  Through these methods, leading businesses are actively growing renewables capacity on the grid and delivering a cleaner economy.

    Leading companies are not only transitioning towards 100% renewables. They are also ensuring that this transition is done sustainably – directly benefiting local communities, conserving natural habitats and increasing wider access to renewables.

    Organic Valley is a great example of this. Half of its 30MW solar project in Wisconsin in the US is used by the food company and the other half provides renewable electricity for local residents, at a lower cost. This model won’t work for all major businesses, but it will be possible for many; and could be a new frontier for corporate leadership.

    Going beyond the expected

    A key aspect of business leadership is the will of a company to go beyond its own operations to influence others to follow.

    When RE100 reached its 100 members milestone one year ago, we called on companies to engage their suppliers on renewable energy. We also produced a guide on how it’s done.

    Earlier this year, Apple announced that 23 of its supply chain manufacturers (including RE100 member DSM) are now committed to using 100% renewable electricity for all their Apple productions. This is a shining example of a company accelerating change by taking responsibility for the wider structures around it.

    We want to be telling many more stories around this kind of leadership. How we get more companies to lead in this way is one of many subjects The Climate Group will be exploring at Climate Week NYC in September.

    At the same time, as the size of the RE100 membership grows, our collective influence over policymakers is growing – enabling the progressive voice to be better heard above the fossil fuel lobbyists.

    When BT, H&M, IKEA Group and many other RE100 members signed an open letter to the Council of the European Union calling for an ambitious post-2020 Clean Energy Package, they brought their purchasing power to bear around the need for supportive policy. This is exactly the kind of leadership we want to see from businesses to effect change on a much larger scale.

    And the leaders are not just making waves in Europe. During a recent visit to Japan, we met with the Ministry of the Environment and the Ministry of Foreign Affairs, who, inspired by the rise of Japanese companies joining RE100, have committed to transitioning their own electricity use to 100% renewable energy. The hope is that, when its departments are taking this journey themselves, the Government will realize the need for impactful policy change allowing the renewable energy market in Japan to reach its full potential.

    With many of our RE100 members going the extra mile, and by demonstrating climate action is good for business, we believe they will influence many more companies to go further and faster – and in more ways than one. There’s no one way for a company to demonstrate leadership on renewables; what’s vital is that they seize the opportunities. 

    Download the RE100 Leadership Paper here. 

  • IKEA Group opens new store and brings its corporate climate action to India

    As IKEA Group opens its first store in India, it brings with it electric vehicle and renewable power solutions. 

    A member of The Climate Group’s RE100 and EV100 initiatives, the former led in partnership with CDP, the retail giant has committed to source 100% renewable energy by 2020 and to transition to electric vehicles across its entire global fleet by 2030.

    Within the first year of opening its store in Hyderabad, India, IKEA Group will transition 20% of its local delivery fleet to electric vehicles whilst also installing on-site solar rooftop panels on the store to power its operations.

    “It is exciting to see that IKEA's first store has already installed 4,000 solar panels, while the company plans to make one fifth of its delivery fleet electric” said Jarnail Singh, India Director, The Climate Group.

    “This is a significant addition to their long-term efforts on a sustainable supply chain, and it’s fantastic for customers to know that their merchandise is produced and delivered without much harm to the planet. We look forward to seeing them achieve their RE100 and EV100 goals in India, sooner than stated.”

    Expanding leadership in new regions

    IKEA Group's expansion into India comes at a crucial time as the Telangana state government pushes for scaling up renewable power alongside a comprehensive policy on electric vehicles. By opening a store in Hyderabad, the company is supporting the wider shift to clean, accessible and connected energy and mobility taking off in India

    The company plans to build new stores in other Indian cities, starting with the Navi Mumbai store which is expected to open in 2019. So far, IKEA Group has purchased four land sites in the states of Telangana, Maharashtra, Karnataka and Delhi/NCR. This expansion will not only accelerate the transition to clean energy technologies and the transport systems of the future, but also contribute to lowering pollution levels in Indian cities.

    Corporate leadership for the future

    IKEA Group was one of the first companies to join EV100, an initiative by The Climate Group to make electric transport the new normal by 2030. Under this commitment, the company has already installed EV charging stations at half of its stores.

    The furniture giant is also a founding member of RE100, led by The Climate Group in partnership with CDP, which brings together companies to accelerate the demand for – and delivery of – renewable energy. Under RE100, IKEA Group has installed around 750.000 solar panels on its buildings.

    The company is also working with its supply chain  to accelerate renewable energy uptake even further. Close collaboration with partners is key to transitioning IKEA Group’s fleet to electric vehicles as well, and whilst building its store in Hyderabad, the company engaged closely with local manufacturers, charging developers and policy makers.

    The outcome will be a practical and scalable model for electric vehicles which can be integrated with renewable electricityy, ensuring the new fleet can also run on clean power.