News

  • Manufacturing giant 3M commits to 100% renewable power for global operations

    Manufacturing and technology giant 3M has become the latest company to join RE100, the global leadership initiative bringing together companies committed to 100% renewable power, led by The Climate Group in partnership with CDP.

    The company has committed to source 100% renewable electricity for its global operations by 2050, with an interim goal of 50% by 2025.

    Making the announcement, 3M stated that its global headquarters will now be renewably powered – taking the company to sourcing 30% renewable electricity globally.

     Helen Clarkson, CEO, The Climate Group, said: “By joining RE100 and switching to 100% renewable electricity globally, 3M is building sustainability into its business growth strategy and showing the two go hand-in-hand,” said Helen Clarkson, CEO of The Climate Group.

    “Seeing such a large manufacturer commit to ‘go all in’ on renewables to produce sustainable new products is an encouraging step forward. Big brands like this can influence positive action from other companies and customers and accelerate the clean energy transition around the world.”

    “3M is flipping the switch to becoming powered 100% by renewable energy,” said 3M CEO Mike Roman. “We are continuing to step up our leadership toward a more sustainable future – in our own operations, and in solutions for our customers.”

    Lowering emissions while growing revenue

    Joining RE100 is part of 3M’s wider strategy to build sustainability into its business strategy. The company has so far recorded a 68% reduction in greenhouse gas emissions since 2002, while nearly doubling its revenue at the same time.

    At COP24 in December, 3M introduced its first formal requirement for a Sustainability Value Commitment be included in all new products introduced beginning in 2019. Sourcing renewable electricity will add to the process of greening 3M’s manufacturing process.

    The majority of the power for 3M’s headquarters will be supplied by Xcel Energy wind farms located near Pipestone, Minnesota that will produce and transmit electricity on to the grid area in which 3M consumes its electricity. Additional electricity will come through the wind projects that are part of Xcel’s Windsource program and solar sources.

    Chris Clark, president, Xcel Energy-Minnesota, North Dakota, South Dakota, said: “We applaud 3M’s leadership in making a bold commitment to 100% renewable energy. Xcel Energy is proud to partner with 3M, because we both share a drive to innovate and a commitment to reducing carbon emissions and protecting the environment.’’

     Minnesota, where 3M’s headquarters are located, is also a member of the Under2 Coalition, for which The Climate Group acts as Secretariat. As a member of this group of ambitious state and regional governments committed to climate action, Minnesota is currently debating a proposed bill which would require its utilities to provide 100% renewable electricity by 2050.

    For more information on RE100, read our latest Annual Progress and Insights Report November 2018.

  • Nike leaps ahead on renewable electricity with first European power purchase agreement

    RE100 member Nike has signed its first European power purchase agreement (PPA), which, once online, will see the company become 75% powered by renewable electricity worldwide.

    RE100 is a corporate leadership initiative on renewable electricity led by The Climate Group, the global non profit focused on accelerating climate action, and is delivered in partnership with CDP.

    The new PPA will see Nike receive a supply of 40 MW of wind power from a new 111 MW project being built by Iberdrola in Navarra, Spain.

    This is the first step the company has taken to cover its European operations with renewable power. It comes a year after Nike signed a PPA to source wind energy in Texas, transferring its North American operations to 100% renewable power.

    Mike Peirce, Corporate Partnerships Director, The Climate Group, said: “We’re thrilled about Nike’s news – this is a powerful illustration of how RE100 members are investing at scale and accelerating the global shift to clean energy.

    “By committing to source electricity from a new wind project in Spain, Nike is growing its own renewables portfolio as well as supporting the construction of new projects to power local homes and communities – generating benefits on all sides.”

    Noel Kinder, Nike Chief Sustainability Officer, said: “All athletes need fresh air and clean water to thrive. Delivering on our sustainability commitments, like working towards 100% renewable energy across our owned and operated facilities worldwide, is just one of the ways we protect the future of sport.”

    He continued: “In 2018, we announced that we had contracted for 100% renewable energy in North America, and this latest agreement means we will be operating on 100% renewable energy across Europe by 2020. This means we are delivering against more than 75% of our worldwide goal.”

    Growing renewables markets in Europe

    Nike is committed to sourcing 100% renewable electricity by 2025, with this recent PPA in Navarra representing an important first step for its European operations.

    Navarra is a member of the Under2 Coalition, a group of ambitious state and regional governments committed to climate action for which The Climate Group acts as Secretariat. 81.1% of its electricity demand is currently covered by renewables, and the region has established itself as a European leader in wind power innovation. Encouraging private investment in renewables is part of Navarra’s roadmap for growing the industry further. 

    Commenting on the agreement signed with Nike, Xabier Viteri, Director of Renewables at Iberdrola, said: “Large businesses with a focus on sustainability are showing that they can be a positive force in tackling climate change. More and more we are seeing companies set themselves tough carbon reduction goals, and Nike is showing leadership in taking action to deliver on those goals.”

    RE100 members are increasingly choosing PPAs as a method for sourcing renewable power. The recent RE100 Progress and Insights Annual Report revealed that 16% of the renewable power sourced by member companies in 2017 came from PPAs.

  • Budweiser puts 100% renewable electricity message at heart of Super Bowl commercial

    Budweiser is demonstrating to millions of consumers its commitment to brewing every beer with 100% renewable electricity from wind power.

    The company’s ‘Wind Never Felt Better’ commercial is being showcased during Super Bowl LIII – one of the biggest US sporting events of the year.

    The commercial features the iconic Budweiser Clydesdale horses alongside wind turbines, set to the soundtrack of Bob Dylan’s ‘Blowin’ in the Wind’.

    Parent company Anheuser-Busch, the world’s largest brewer, is a member of RE100, a corporate leadership initiative on 100% renewable electricity led by The Climate Group in partnership with CDP.

    Anheuser-Busch has set a goal to source all of its purchased electricity from renewable sources by 2025, and it made great strides in the US last year by launching a 100% renewable electricity label for Budweiser.

    “Super Bowl is one of the most exciting times of the year for our team, and people all over the country,” said Ricardo Marques, VP of Marketing Core & Value brands, Anheuser-Busch.

    “Those who wait for the best commercials all year expect Budweiser to show up big, and we felt there was no better way to show up this year than to talk about our commitment to renewable electricity.

    He added, “We are proud to be the first Anheuser-Busch brand and the first major beer brand to be brewed with 100% renewable electricity from wind power and hopefully we can use this moment to inspire others in our pursuit for a more sustainable future.”

    Amy Davidsen, Executive Director – North America, The Climate Group, said, “We are thrilled that Budweiser is promoting renewable energy at the Super Bowl, reaching millions of people nationwide. We hope employees all over the country see this and ask, is my company showing the same leadership?”

    To help raise awareness and spread the 100% renewable message as far as possible, Anheuser-Busch has encouraged all RE100 members to promote their own commitments ahead of and during the big game.

    Business and government action go hand in hand

    Going further, Anheuser-Busch is donating clean energy to the city of Atlanta to power the entire Super Bowl week with 100% renewable electricity.

    Atlanta is a member of the Under2 Coalition of cities, states and regions committed to keeping global temperature rise to well below 1.5°C. Convened by The Climate Group, the Coalition is made up of more than 220 governments who represent more than 1.3 billion people and 43% of the global economy.

    Atlanta’s Climate Action Plan aims to cut greenhouse gas (GHG) emissions to 20% below 2009 levels by 2040, 40% by 2030, and become carbon neutral by 2040. The Solar Atlanta Program is set to increase the city’s renewable energy capacity, reduce energy costs and GHG emissions, serve as a model to other cities on how to deploy solar, and provide educational opportunities about the benefits of renewable energy.

    To top it off, the New England Patriots and the Los Angeles Rams football teams will be playing at Mercedes Benz Stadium, which happens to be the first professional sports stadium in the country to achieve LEED Platinum certification.

    “By working together to drive down emissions, businesses and local governments can accelerate the clean energy transition around the world,” said Davidsen.

    “The US has an important role to play in this and RE100 members like Anheuser-Busch are leading by example.” 

    Click here to read more about Budweiser’s 100% renewable electricity label.

  • Newsletter: New members, impressive progress and upcoming webinars

    Happy New Year from the RE100 team! This year will see us expanding our global impact, reaching into more geographies and sectors than ever before, and continuing to showcase the powerful business opportunity from sourcing 100% renewable electricity. In this newsletter, we welcome new companies, celebrate progress, and look ahead to upcoming webinars and events.


    New RE100 members

    We've reached 161 members of RE100, with Aurora Organic Dairy, Firmenich and Toda Corporation being the latest businesses committing to go 100% renewable for their global operations.

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    Businesses ask for raised ambition at COP24

    RE100 members such as BT Group, Carlsberg GroupIKEA GroupMars, Inc. and Unilever participated at COP24 in Poland, showing business ambition for bold climate action as national governments negotiated a robust rulebook for the Paris Agreement - with a better-than-expected outcome.

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    Welcome changes to Japanese renewables claims

    The Japanese Ministry of Economy, Trade and Industry (METI) announced that non-fossil certificates, provided along with tracking information, will now be recognized as derived from renewable energy and therefore eligible for RE100 claims. Read more here.

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    Sourcing renewables in Central & Eastern Europe?

    We are collaborating with The Prince of Wales’s Corporate Leaders Group to produce a report on advancing the clean energy transition in Central and Eastern Europe. If you are interested in contributing by sharing your experience of operating in this region, please contact Annabelle Roblin as soon as possible. Report launch due in March 2019.

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    Upcoming webinar: engaging your supply chain

    On January 30, we are presenting a webinar with WWF on strategies for supply chain engagement on renewable energy. IKEA Group and BT Group will share their experiences on getting internal buy-in and engaging suppliers. This is the first of four joint webinars. Register here.

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    Member news

    Anheuser-Busch InBev signed the largest unsubsidized solar PPA in the UK on record, enabling all Budweiser sold in the country to be brewed with 100% renewable electricity by 2020.

    Bank of America will purchase renewable energy certificates (RECs) from the first commercial wind-solar hybrid project in the US, covering its electricity usage in Minnesota state.

    DSM has tripled the size of its Belvidere solar field, making it the largest in New Jersey. Read the recent blog on how DSM is stepping up on renewables.

    IKEA Group  raised ambition with a new announcement for COP24, including a goal of reducing emissions from production by 80% compared to 2016.

    Infosys announced it will be 100% powered by renewable electricity by 2020.


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

  • DSM triples the size and output of its Belvidere solar field in New Jersey

    RE100 member DSM has expanded its Belvidere solar field from 20 to 66 acres, tripling the size and the solar output of the project.

    The new solar field will power DSM’s Belvidere production plant and will at peak sunlight generate more solar power than the plant’s energy consumption. This will allow the company to sell back enough excess energy to the grid to power 406 homes for a year.

    Sam Kimmins, Head of RE100, The Climate Group, said: “DSM is a prime example of an RE100 member investing in pragmatic and impactful projects by cutting emissions from its operations and greening the grid to the benefit of local communities at the same time.

    “By expanding its Belvidere solar field to triple the size, DSM sends a powerful message that the business case for renewable power continues to grow – showing the wider business community that the energy transition is happening now and won’t slow down.”

    More of a good thing

    RE100, led by The Climate Group in partnership with CDP, brings together leading businesses committed to sourcing 100% renewable electricity for their global operations. DSM is targeting an interim goal of 50% renewable power by 2025, and the newly expanded Belvidere solar field is an important part of the journey.

    “This newly expanded solar field is part of DSM’s commitment to doing well by doing good for both our communities and our environment,” said Hugh Welsh, President and General Counsel of DSM North America.

    “It will minimize our impact on the planet through clean, renewable energy, exceed our Belvidere plant’s energy needs, and allow for selling enough energy back to the grid to power 406 homes for a year. At DSM we are proud to do our part to move the state of New Jersey and our country toward a clean energy future.”

    By adding more than 42,000 panels to the existing Belvidere solar field, the Dutch vitamin company now operates the largest net-metered solar field in New Jersey and the second largest on the East Coast. It will reduce DSM’s operating emissions by 17,400 metric tons of CO2 annually.  

    RE100 members are progressing rapidly in their goals of sourcing 100% renewable electricity. Our recent RE100 Progress and Insights Annual Report revealed that the companies increased the amount of renewable power sourced by 41% from 2016 to 2017.

  • Newsletter: A year of accelerating international growth

    2018 marks our biggest year yet; 158 companies are now members of RE100. In November, we launched the RE100 Progress and Insights Annual Report 2018, highlighting the international growth of the initiative and the progress our members are making. RE-Source 2018 saw members gather at Europe’s largest PPA event, and the launch of a new call to action to EU policymakers. Read on for more.


    RE100 Progress & Insights Report 2018

    Our fourth annual report shows that RE100 members, operating in more than 140 markets, have increased the amount of electricity sourced from renewables by 41% in just one year. Their impressive progress and leadership on renewables is setting a clear precedent for other corporates.

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    New companies join RE100

    Commonwealth Bank of Australia became the first Australian RE100 member, and The Allianz Group, BESTSELLER and Hair O’right also joined RE100, all with ambitious targets to source 100% renewables before 2025. We look forward to welcoming more big names in 2019.

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    RE-Source 2018 and EU member's meeting

    Over 800 participants attended our RE-Source event, bringing together buyers and sellers across Europe. We held a members’ meeting to discuss barriers and opportunities for renewables procurement in Europe. Thank you to those members who signed a declaration calling for EU policymakers to remove barriers to corporate sourcing.

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    Japanese call to action

    12 Japanese RE100 members signed a call to action for the Japanese government to set out a strategy for net-zero emissions by 2050, led by our regional delivery partner, Japan-CLP.

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    RE100 webinars

    RE100 members were invited to our quarterly campaign update webinar as well as an overview and growth forecast of the renewable electricity market in Israel. Please get in contact if your company is an RE100 member and you would like to watch the recordings.

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    Member news

    Starbucks signed a long-term agreement for wind power which will power 340 stores in Illinois with 100% renewable electricity.

    Facebook's new data centers in Georgia and Alabama are to be supplied with 100% renewable electricity.

    Vail Resorts announced a long-term wind VPPA to purchase enough electricity to power 100% of its North American operations with renewables by 2020.


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

  • Blog: DSM - Turning the tide by making waves through corporate climate action

    As the COP24 climate negotiations in Katowice, Poland enter their final days, Paulette van Ommen, Global Climate Lead at RE100 member DSM shares the actions the company is taking to step up on renewables, reduce its environmental impact, and accelerate market change.

    Did you know that over a century ago, DSM started off as a Dutch coal mining company? Fast forward to today, we’ve transformed into a global, purpose-led, performance-driven company in nutrition, health and sustainable living, working at the frontlines of climate action.

    With the world’s scientists flagging the climate disruption ahead of us, we believe that doing so is an important responsibility. Mother Earth has a fever, and we as humans are already affected by her sweating, sneezing, and coughing in the form of droughts, floods, and storms.

    Taking climate action is also an opportunity. As the recent New Climate Economy report pointed out: a thriving, low-carbon economy could deliver a direct economic gain of US$26 trillion by 2030, compared to business as usual.

    That’s why, at DSM, we improve our own environmental impact, enable the same for our customers, and advocate a progressive climate action agenda. In each of these, scaling renewable energy in an environmentally sound way is a key priority.

    Firstly, when it comes to improving our own environmental impact, we’ve set ourselves clear goals. We’ll cut 30% of our own (so-called Scope 1&2) greenhouse gas emissions by 2030, compared to 2016, in absolute terms.

    How? By being smarter in our energy use, and by sourcing 75% of our purchased electricity from renewable sources by 2030 – a new, higher interim target we set earlier this year, as we journey to being 100% renewable.

    In the Netherlands, we’re already at 100% renewable purchased electricity, thanks to our collaboration with energy company Eneco and the Dutch Wind Consortium, a partnership between DSM, Google, Philips, AkzoNobel. In the USA, we’ve teamed up with NextEra Energy Sources to buy wind electricity produced in Oklahoma.

    Our €50 internal carbon price, which we use when reviewing large investment decisions – including on renewable energy and energy efficiency projects – helps us to future-proof our business.

    We’re not acting in isolation. DSM is one of 158 companies in The Climate Group’s  RE100 initiative, with a collective electricity demand greater than Argentina and Portugal combined, as the new RE100 report reveals.

    We also encourage our suppliers to follow our lead. A few months ago, we kicked off this journey on the DSM Supplier Partnerships Day, where former UN climate chief and “stubborn optimist”, Christiana Figueres came over to inspire us.

    Indeed, her latest Nature article (supported by DSM’s CEO Feike Sijbesma) flags that today, more than 50% of new capacity for generating electricity is renewable, with wind and solar doubling every four years.

    Secondly, through our innovations, we also enable greenhouse gas emissions cuts for our customers, and their customers, who use our products.

    For example, our solar solutions help boost the output of PV modules. Our endurance backsheets are 100% recyclable with no production waste and have a 30% lower CO2 footprint compared to fluorinated backsheets. Our backsheets also help extend the lifetime of PV modules in very harsh conditions, like in desert where it’s hot and there’s a lot of sand, and in tropical environments, where it’s hot and humid.

    As IRENA and the International Energy Agency pointed out in a 2016 report, it’s key to integrate circular principles in renewable electricity generation, too, as PV module waste will emerge as a major source of electronic waste over the coming decades.

    Thirdly, while we put our money where our mouth is, we also have to use our mouth when it matters.

    Just before the current climate summit in Poland, together with 50 CEOs in the CEO Climate Leaders Alliance of the World Economic Forum, we launched an open letter to call on world leaders to accelerate and deepen their commitment to act on climate change.

    Having a meaningful price on carbon is an agenda we’ve been driving for years now. Putting a price tag on carbon stimulates what we want more of (renewable energy, clean air, jobs, innovation) at the expense of what we want less of (pollution and heat-trapping gases).

    For renewable electricity to scale further and faster, we need government policies and private sector leadership to be mutually reinforcing. This positive feedback loop, also called ‘the ambition loop’, is put into practice by our fellow RE100 members.

    Many are adding their voice to the #StepUpNow initiative, which brings together a range of non-state actors who jointly demonstrate a clear movement for a stronger response to climate change in Europe. It builds on the success of a similar initiative we helped launch immediately after the 2016 presidential elections in the US: #WeAreStillIn.

    While we’re still on a journey, DSM’s multiple transformations and ongoing actions inspire many people. Given what’s at stake, it’s now time to transform not only our individual companies, but our societies and economic systems.

    We can still turn the tide, but to succeed, we have to be ready to make waves. Together. At DSM, we are! As a consumer, citizen and professional: are you?

     

  • Blog: Leading the shift to renewable power in Europe

    As RE-Source 2018 kicks off in Amsterdam, bringing together 800 energy buyers and suppliers, The Climate Group’s RE100 Policy and Campaign Manager Ola Mirowicz explores how RE100 members are already shifting the European renewables market and how ambitious policy change can accelerate its growth even further.

    At RE-Source 2018 in Amsterdam,  I'm squeezed in between over 800 businesses and energy suppliers, at the grand opening of this year’s conference. Policymakers and business leaders share their stories of investment in the European renewable energy market. The room is full and the air is one of optimism. 

    With under a month to go before COP24 in Katowice, the timing for this event couldn’t be better. As the recent IPCC special report made clear, we have little time to limit global warming to below 1.5°C, and the task of just transition to a low carbon energy future can at times seem daunting.

    Today, however, I feel galvanized by the action I’m witnessing here: ambitious companies, innovative energy suppliers, and forward-thinking policymakers and organizations showcase how they are going to bring the number of businesses buying renewable power from 100 to 100,000. This is no easy job, but as our recent RE100 Annual Progress and Insights Report shows, RE100 is already making it happen. 

    RE100, led by The Climate Group in partnership with CDP, now brings together 155 companies committed to 100% renewable electricity in more than 140 markets across the globe. With 77 RE100 companies based in Europe, it is at the heart of our movement – and with our members’ operations spread across EU Members States, it’s no surprise to see so many familiar faces across the conference rooms. Yet there is still more to do. 

    Accelerating the clean energy transition in Europe

    Business action on renewable electricity is shifting global markets. Our new report reveals that RE100 members increased the amount of renewable electricity they source by 41% in one year -  and that 37 member companies are already sourcing over 95% renewable power.

    Europe is where our members source the highest share of renewable electricity, 62% in 2017. Due to a well- functioning Guarantees of Origin tracking system, as well as dynamically developing markets for power purchase agreements (PPAs), we are expecting this number to grow exponentially. Some individual European countries are already forging ahead, with RE100 members sourcing 93% renewables in Denmark, 82% in the UK and 81% in Switzerland.

    This is a fantastic story of progress. Yet despite these achievements, policy barriers are still the barrier most commonly cited by RE100 members as limiting corporate renewables sourcing.

    Unlocking corporate renewables sourcing

    That’s why the businesses joining me today at the RE-Source 2018 event are calling for EU policymakers to grasp the untapped potential for corporate sourcing of renewables in Europe. This can only be realized by the removal of policy and market barriers that constrain the growth of renewables in many European markets.

    Such barriers are particularly prominent for PPAs. 6 GW of PPAs have already been signed in Europe, yet we know the market is still lagging behind the USA.

    Last year, we called on the EU to reform the Renewable Energy Directive (RED II), so that the EU 2030 renewables target could increase to 32% and important provisions could unlock corporate investment in renewables. Now we are calling on Member States to enact it.

    To fully unlock the potential for corporate PPAs in Europe, we need the EU to remove existing regulatory barriers, allowing direct corporate investment in new renewable capacity to expand beyond the Netherlands, the UK and the Nordic countries.

    This work is carried forward through our involvement in the new RE-Source Declaration, co-signed by several of our RE100 members. This declaration will serve as a vehicle for enabling our 2019 policy discussions in EU Member States, starting with Poland, Germany, France, and the Netherlands, and continue the work on progress in the UK and Sweden.  

    Crucially, enabling greater sourcing of corporate PPAs also involves a recognition of the different needs of different companies. During my recent speaking engagements in the less saturated renewable markets of Central and Eastern Europe, namely Poland, Romania and Hungary, I learnt that while energy suppliers are ready to jump on the PPAs opportunity, our members will often have very varied consumer needs, at times driven by price, while in other places by commercial user behaviour. We are taking this into account when pushing for long-term and economically viable means to source 100% renewable electricity across different European countries.

    An economic opportunity

    I am always amazed by how much can be achieved in collaborations between the energy industry, companies and third sector partners. At RE-Source 2018, we are creating peer-to-peer spaces where buyers can meet sellers and in a spirit of competition further drive down prices for renewable electricity. It is such shifts that lead to the growing economic opportunity presented by renewables - a key driver for RE100 members sourcing clean power, as shown in our recent report.

    This is also a collective opportunity for EU Member States, their economies, communities and environment. In 2016, The EU wind energy industry contributed (directly and indirectly) €36.1bn to the EU's Gross Domestic Product, and by 2021, the European solar power industry is expected to sustain nearly 175,000 full time jobs. With countries like Spain showing leadership by setting targets to be 100% renewable by 2050,  the opportunity presented by clean power is clearly gaining traction. 

    Re-Source 2018 proves it is possible to deliver climate and energy policy from the bottom-up, with market players engaging policymakers to take action. RE100 members are driving forward the European shift to clean energy, making a calculated business choice to invest in renewable power and by doing so, growing the clean economy in the EU. This is a collaborative leadership story the EU should be proud of at COP24 in Poland this year - and a stepping stone for even more ambitious action.

  • Companies seize new markets in clean energy drive to cap global warming at 1.5°C

    • RE100 initiative goes truly global with members now operating in over 140 markets;
    • 41% increase in amount of renewable electricity sourced by RE100 members in one year;
    • 37 leading members already sourcing over 95% renewable electricity globally.

    London, UK: A dramatic upsurge in demand for renewable energy from ambitious multinational companies is now shifting markets away from fossil fuels in more than 140 markets worldwide, a new RE100 report reveals.

    RE100 is the corporate leadership initiative led by The Climate Group in partnership with CDP, bringing together the world’s most influential businesses committed to 100% renewable power.

    Identifying Japan, Australia, Mexico, Turkey and Taiwan as growth hotspots, the RE100 Progress and Insights Annual Report Moving To Truly Global Impact shows a 41% increase in renewable electricity sourced by RE100 companies in 2017, compared to 2016.

    With the falling cost of renewables strengthening the business case for switching, 37 companies are already over 95% renewable, and six members reached their 100% goal for the first time.

    RE100 now has 155 members with a total electricity demand greater than Argentina and Portugal combined – 188 TWh per year. If RE100 were a country, it would have the 23rd largest electricity consumption in the world. With a combined revenue of US$4.5 trillion – 5% of global GDP – the companies represent a major source of finance for clean energy infrastructure.

    Helen Clarkson, CEO, The Climate Group, said: “With so much depressing news at the moment, here we have a refreshing, positive story of how ambitious corporate action is changing the world for the better.

    “We congratulate RE100 members on the progress they are making by building renewables into their growth strategies, and engaging policymakers and suppliers. This is what all leading multinationals should be doing.

    “There’s no room for complacency – we’ve still some way to go – but this unstoppable momentum should give national governments the confidence to set more ambitious emissions reduction goals, in line with the latest science and no more than 1.5°C warming.”

    Sam Kimmins, Head of RE100, The Climate Group, added: “Over the past year we’ve seen rapid geographic expansion of our membership that has transformed RE100 into a truly global movement. This is hugely exciting and has the potential to shift entire markets in places like Japan, where policymakers are taking note of the demand signal being sent by our members. 

    “2019 will be all about building that demand across sectors and geographies with the highest potential to effect change, accelerating the clean energy systems of tomorrow.”

    Other key findings

    • More than three in four members are targeting 100% renewable electricity by or before 2030;
    • Most members are based in Europe (77), followed by North America (53), Asia (24), and Oceania (1) – with 10 of the 37 new joiners in 2018 based in Japan;
    • On average, members are sourcing over a third of their electricity from renewables (38% in 2017);
    • Several members have surpassed interim targets – showing businesses can go faster than they first expect;
    • IT companies lead on progress (averaging 73% renewable electricity in 2017), and there has been significant improvement from Health Care and Financials;
    • The highest share of renewable electricity is still being sourced in Europe (62% in 2017), with Denmark (93%), the UK (82%) and Switzerland (81%) coming out on top;
    • Renewable electricity sourced via power purchase agreements (PPAs) almost doubled in 2017, compared to 2016 – an increasingly popular sourcing method;
    • As last year, companies see the economic case as a key driver for going 100% renewable, and policy barriers are the most commonly cited barrier;
    • Increasingly, members are engaging with policymakers and suppliers to further increase the uptake of renewable electricity.

    Nate Hurst, Chief Sustainability and Social Impact Officer, HP Inc., which made the most progress of all RE100 members in 2017, sourcing 50% of its electricity from renewables in 2017 (compared to 16% in 2016), and surpassing its interim target of 40% by 2020 three years ahead of schedule, said:

    “In light of the IPCC Special Report on Global Warming issued in October 2018, it’s clear that businesses must accelerate their transition to renewable energy sources as a way to reduce the devastating consequences of climate change.

    “We are committed to reaching our goal of using 100% renewable electricity in our global operations and urge other companies to aggressively set and pursue their own renewable energy goals, thereby ensuring a sustainable future for everyone.” 

    Alberto Carrillo Pineda, Director of Science Based Targets and Renewable Energy, CDP, said:

    “The global expansion of the RE100 initiative is a hugely encouraging indicator of the strengthening business case for renewable energy. As clean energy costs continue to plummet globally, and business leaders are becoming ever more aware of the risks of a high-carbon business model, it’s clear that renewable power is the future for global business.

    “RE100 members are leading the market by showing it’s possible to go 100% renewable, and fast. This is precisely the kind of ambition the recent IPCC report on limiting climate change to 1.5°C demands. For the growing number of companies aligning their strategies with climate science, procuring renewable energy is one of the fastest and most cost-effective ways to meet their emissions reduction goals. As science-based target setting becomes standard business practice, the stage is set for companies everywhere to step up and commit to a 100% renewable future.”

    Today’s RE100 report comes ahead of a major event in Amsterdam on November 20-21, bringing together renewable energy buyers and sellers. Organized by SolarPower Europe and WindEurope together with The Climate Group and CDP (RE100) and WBCSD, RE-Source 2018 is Europe’s premier PPA event, demonstrating the potential to expand corporate sourcing of renewables into new markets and industries.

  • Commonwealth Bank of Australia becomes first Australian company to join global business push for renewable electricity

    Renewable energy is good for the environment and good for the economy – that’s the message from Australia’s largest bank today as Commonwealth Bank of Australia (CBA) pledged to source 100% renewable electricity globally by 2030 to help lower its emissions. 

    CBA becomes the first Australian company to join RE100, the global corporate leadership initiative on renewable power led by The Climate Group in partnership with CDP. By making the RE100 commitment, CBA is building corporate demand for clean energy in Australia and overseas, while demonstrating it is a financially sound investment.

    Also today, CBA announced a 12-year power purchase agreement (PPA) from a new 270 MW wind farm, now the largest wind farm in New South Wales. This will see CBA source 65% of its national electricity needs from renewables by January 2019 – further reducing its carbon emissions in Australia by as much as 60%.

    Sam Kimmins, Head of RE100, The Climate Group, said: “Around the world forward-thinking companies want access to clean, cheap power that lowers emissions and increases competitiveness. As the first Australian business to join RE100, Commonwealth Bank will achieve exactly that, while helping to lead Australia’s transition to a clean energy future.

    “Long-term renewable energy purchasing agreements like this support the development of new energy infrastructure and actively bring more renewables online. We’re confident that other major Australian companies will follow Commonwealth Bank’s lead.”

    Kylie Macfarlane, General Manager of Corporate Responsibility, CBA, said: “Commonwealth Bank has made significant progress on our climate commitments and to be the first Australian company to join RE100 is a great achievement for us.

    “We continue to build on our track record of reducing energy use, and subsequent emissions, across our branches and offices. Since 2009 we have halved our direct emissions in Australia and we’ve installed solar panels at more than 50 branches across the country.  

    “This power purchasing agreement will see Commonwealth Bank use renewable energy for 65 per cent of our Australian electricity needs which is a significant step towards our transition to 100 per cent renewable electricity use by 2030.”

    The author and sustainability expert Jon Dee, who is helping The Climate Group with the development of RE100 in Australia, said: “Reducing emissions can mean reducing electricity bills. By signing this substantial wind deal and sourcing clean power, Commonwealth Bank will save money compared to the conventional energy it has been buying. This approach sets a positive role model for other Australian companies to follow.”

    CBA already operates on-site solar projects at more than 50 of its branches. Its new PPA will see the company receiving 96,000 megawatt hours (MWh) of renewable energy annually from the 270 MW Sapphire Wind Farm. The wind farm will generate enough clean energy to power 115,000 homes and displace 700,000 tonnes of carbon dioxide every year. 

    CBA’s commitment comes three weeks after the first Australian RE100 meeting with speakers including members Fujitsu, Mars and Unilever. Organized and hosted by Arup, the meeting brought together companies and market stakeholders to send a strong demand signal for renewable energy in Australia.

    In total, 155 RE100 companies have now committed to 100% renewable electricity.