3 new companies join renewable buyers group - Smart Energy Decisions

Commercial, Industrial, Sourcing Renewables  -  January 30, 2017

PepsiCo, 2 others join renewable buyers group

PepsiCo, TD Bank and Marriott International have been identified as the most recent companies to sign onto the Corporate Renewable Energy Buyers' Principles, a framework intended to help businesses advance their purchasing of clean energy from the grid.

Among TD Bank's other clean energy and carbon reduction initiatives, the Cherry Hill, N.J.-based company has incorporated "green electricity, green natural gas and green fuel" into its plans to address 100% of its energy footprint in Vancouver, British Columbia. According to a November 2016 announcement about that plan, TD Bank Group Chief Environment Officer Karen Clarke-Whistler said the company is the first North American-based bank to become carbon neutral. 

As for PepsiCo, the food, snack and beverage corporation recently announced its 2025 sustainability targets, which include cutting absolute GHG emissions along its value chain by 20% by 2030. The Purchase, N.Y.-based company said it plans to reach that target include reducing the amount of fossil fuel-based energy use in its operations through energy efficiencies and by shifting to renewables and/or low-carbon solutions where possible; the company also plans to purchase and credible carbon offsets, as needed.

The Corporate Renewable Energy Buyers' Principles were launched in 2014 by the World Wildlife Fund and the World Resources Institute as a tool to help identify the needs and challenges of large companies in pursuit of renewable energy to power their operations; the principles also aim to help companies and utilities and power providers overcome those challenges. According to a Jan. 25 statement, 65 companies have signed onto the principals to-date. 

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