Posted on: 18/07/2017
An initiative aimed at encouraging major companies to commit to sourcing 100% renewables has reached a milestone of 100 members.
The Climate Group's RE100 initiative achieved the goal as AkzoNobel, AXA, Burberry and Carlsberg Group joined.
RE100 members have a total revenue of US$2.5 trillion and operate in a diverse range of sectors – from Information Technology to automobile manufacturing.
Together, they are creating around 146 terawatt-hours (TWh) in demand for renewable electricity annually – about as much as it takes to power Poland.
Helen Clarkson, Chief Executive of The Climate Group, said: “We are really pleased at the success of our campaign; by championing the compelling case for business action, we have reached 100 members three years earlier than expected.
Changes in the market such as the falling cost of renewables have also worked in our favour.
“We are increasingly seeing large multinationals such as Google, IKEA and Dalmia Cement demonstrating real leadership on renewables because it makes business sense – as well as helping to lower emissions, providing stable energy costs and increasing competitiveness.
Companies urged to go ‘one step further’
Clarkson called for companies to now “go one step further” by inspiring their suppliers and peers to follow their lead “so that together, we can speed the transition from fossil fuels to renewables to keep warming well under two degrees Celsius”.
Leanne Wood, Chief People, Strategy & Corporate Affairs Officer, Burberry, said: “Procuring 100% of our energy from renewable resources by 2022 is a principal goal of Burberry’s five-year Responsibility agenda.
We are proud that over half of our offices, stores, warehouses and internal manufacturing sites globally are powered by either on site renewable resources or through renewable tariffs.
However, access to renewable resources is still limited in some places.
By joining RE100 we aim to drive wider demand for low carbon power and encourage all providers to introduce renewable energy options.”