Commercial, Sourcing Renewables - September 13, 2017
Kellogg, DBS Bank and more join RE100
The Estée Lauder Companies, Kellogg Company, DBS Bank Ltd. and Clif Bar & Co. on Sept. 13 became the most recent companies to commit to using 100% renewable energy.
All four companies have joined the RE100 campaign, run in partnership with CDP, and committed to sourcing 100% renewable electricity across their global operations, according to a statement from The Climate Group. The , which is more than enough to power New York State, according to the statement.
"As a global company and citizen, we at The Estée Lauder Companies strongly believe that we all play a part in the fight against global climate change," Nancy Mahon, senior vice president of global corporate citizenship and sustainability for Estée Lauder, said in a statement. "By joining RE100, we are committing to sourcing 100% of our global electricity consumption from renewable energy technologies by 2020. We look forward to partnering with RE100 as we work together to protect our planet and ensure a healthier world for generations to come."
Kellogg has a goal to achieve 100% renewable electricity by 2050, aligned with its commitment to reduce its direct greenhouse gas emissions by 65%. Having already achieved 20% renewable electricity through contracts with local utilities in Europe and the U.S. that are bringing more renewables to local grids, the company has an interim target for reaching 40% by 2020.
"As one of the first ten companies to have approved science-based greenhouse gas emissions targets in 2015, we've already invested in energy efficiency and low carbon technologies," Kellogg Chief Sustainability Officer Diane Holdorf said. "Going 100% renewable is the obvious next step; lowering business risk, generating financial savings, and helping other companies make the switch as well.”
DBS Bank Ltd., a leading financial services group in Asia, has a commitment to 100% renewable power and an interim goal of transferring its Singapore operations (65% of global total) to renewable electricity by 2030. The bank says it will take advantage of RE100 knowledge sharing activities to identify options for going renewable in other markets. Clif Bar has been purchasing renewable electricity certificates equivalent to 100% of its total operations for the last 10 years, and is now exploring more direct ways of sourcing renewable energy.
According to The Climate Group, further corporate commitments to RE100 are expected during Climate Week NYC, which kicks off Sept. 18. Smart Energy Decisions is hosting an affiliate event on Sept. 20 to discuss the findings of its recent corporate renewable energy sourcing study; visit the event page to learn more.
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