GHG Emissions, Commercial, Sourcing Renewables - February 13, 2019
The Home Depot announces new targets and RE initiatives
The Home Depot has declared new emissions targets, along with commitments to wind and solar projects in 2019. The announcement came as CDP, an environmental impact non-profit, named the company to its Climate Change “A” list for its actions to cut carbon emissions and mitigate climate risks.
Science Based Targets for scope 1 and 2 emissions have been set at a 40% reduction by 2030 and 50% by 2035, according to a statement from The Home Depot. "Managing carbon emissions has been a focus for Home Depot for more than 10 years," says Ron Jarvis, vice president of environmental innovation. "Our dual strategy to reduce our total energy use and create a cleaner energy portfolio has helped us to reduce our absolute carbon emissions by over 3 million metric tons since 2009."
As a part of its overall renewable energy strategy, The Home Depot is working to procure 135 megawatts of energy from various alternative sources by the end of 2020. To make additional progress toward this goal, the company will expand its wind-powered renewable energy program by adding a third offsite wind project. The company has signed a 15-year PPA with NextEra Energy Resources for 15 MW of the Pretty Prairie Wind Project in Kansas, which will power about 40 stores for a year. The home improvement retailer currently partners with two operating wind farms in Texas and Mexico.
The company also procures energy from solar farms in Delaware, Massachusetts, and Minnesota with a combined annual output of 25.0 million kWh. Forty-five U.S. Home Depot stores now have operational rooftop solar systems, and the company plans to expand its residential rooftop solar offerings.
Check out some of the key moments at SED's Innovation Summit!