Sourcing Renewables | Page 37

Brookfield Properties announced the entire U.S. office portfolio it manages will be powered by zero-emissions electricity by 2026.

Santander Holdings USA, Inc., a financial services company, transitioned to 100% carbon-neutral operations and announced $2 billion in renewable energy finance underwritten and participated in sustainability-linked transactions totaling $61.3 billion.

It’s the long holiday weekend! Kick back and catch up with these must-read articles from around the web:

Ferrero Group unveiled it’s on track to achieve key sustainability targets, with 92% of its global electricity now sourced from renewables, which is up from 84% last year.

BorgWarner, an automotive supplier, announced progress toward its net zero goal, with 23% of its electricity use coming from renewable sources, a significant increase from 3.5% in 2021. The company aims to support the low-carbon transition, expecting to generate approximately 35% of sales from eProducts in 2025 and 49% in 2027.

Applied Materials, a company specializing in materials engineering solutions, achieved significant carbon reductions through the use of 100% renewable electricity in the U.S. and 69% globally, which resulted in a 3% reduction from its 2019 baseline in the company’s Scope 1 and Scope 2 emissions.

Chemical company Twelve will scale the production of E-Jet fuel, a sustainable aviation fuel (SAF) made from CO2 and renewable energy, with a commercial-scale production facility in Moses Lake, Washington.

The Port of Oakland's Board of Port Commissioners in California agreed to purchase up to $13.5 million worth of geothermal energy over 12 years.

Alcoa Corporation, a producer of aluminum, reported its progress on climate goals, including making a 4.6% annual decrease in carbon dioxide emissions. It also boosted to 86% the electricity coming from renewable sources for its global smelting portfolio.

Baxter International Inc. completed the addition to the completion of three new on-site solar installations that are expected to reduce GHG emissions by 1,400 metric tons CO2 e annually.