Nike, Goldman Sachs, Procter & Gamble agree going 100% renewable is good for business
- 28 September 2015
NEW YORK: Nike's sustainability chief said RE100 sends a market signal that there is "new business in town, that rapidly transitioning to 100% renewables is good business for a lot of people", during a RE100 discussion panel today at Climate Week NYC.
Speaking alongside Hannah Jones, Chief Sustainability Officer and Vice President of Innovation Accelerator at Nike, Inc. on the panel, were Anthony Cammarata, Managing Director, Global Head of Facilities Management at Goldman Sachs and Len Sauers, Vice President for Global Sustainability at Procter & Gamble.
Launched a year ago at Climate Week NYC, the RE100 campaign is a global initiative led by The Climate Group in partnership with CDP to engage, support and showcase innovative businesses committed to becoming 100% powered by renewable electricity.
Introducing the panel was Member of the Board of Directors and fourth generation Mars family member Pamela Mars-Wright. Mars was among the 13 original corporate partners of RE100 and has committed to a target of being 100% renewable by 2040.
The panel was moderated by the Director General of IRENA, Adnan Amin, who noted the increasing support for renewable energy, commending RE100 partners like Nike, Inc., Goldman Sachs and Procter & Gamble for "driving the consciousness of global decision makers."
Procter & Gamble has a long-term vision to be ‘100% renewable’ with an interim target to be 30% powered by renewable electricity by 2020. During the panel Len Sauers said "RE100 is important as it brings together like-minded companies [...] and creates opportunities."
Nike, Inc., Goldman Sachs and Procter & Gamble are among nine major US companies that joined RE100 this week during Climate Week NYC and that have publicly committed to becoming 100% powered by renewable energy. Nike, Inc. has committed to be 100% powered by renewables by 2025 and Goldman Sachs aims to be renewable by 2020.
The announcement of these new additions to the campaign, taking the total number of corporate members to 36, has caused a media stir with some fantastic coverage in a wide range of external outlets, including New York Times, Bloomberg, Reuters, CNBC, Fortune, TIME Magazine, Business Reporter and Politico to name a few.
There are now 36 members of RE100 including Alstria, Autodesk, BT Group,Commerzbank, DSM, Elion Resources Group, Formula E, Givaudan, Goldman Sachs, H&M, IKEA Group, Infosys, J. Safra Sarasin, Johnson & Johnson,Kingspan, KPN, Marks & Spencer, Mars Incorporated, Nestlé, Nike, Inc.,Philips, Procter & Gamble, Proximus, RELX Group, Salesforce, SAP, SGS,Starbucks, Steelcase, Swiss RE, UBS, Unilever, Vaisala, Voya Financial,Walmart and YOOX Group.
By Jessy Field
Photo credit: Don Pollard
Host to more than 120 affiliate events from September 21-28, Climate Week NYC 2015 is the collaborative space for climate events in support of the UN Summit to adopt the Post-2015 Development Agenda. The Climate Group also hosted a Climate Week NYC ‘countdown’ from September 1-21, during which a series of announcements, report launches and major commitments from business and sub-national leaders were made, including the launch of our new digital channel Climate TV. See below for the highlights.
Climate Week NYC 2015 is supported by BT Group, Siemens, Procter & Gamble, Nike, SkyPower, SolarCity, CBRE Group, and Bank of the West - BNP Paribas; and the We Mean Business coalition members: BSR, The B Team, CDP, Ceres, The Climate Group, The Prince of Wales’s Corporate Leaders Group and WBCSD.
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CLIMATE WEEK NYC NEWS
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- “Any harm done to the environment is harm to humanity”: Pope Francis at UN in NYC
- Poverty is an opportunity to grow: Changhua Wu on UN SDGs
- BRIEFING: The "triple-win" economic, climate and health opportunities of reducing black carbon
- Combating climate change isn’t an option for a sustainable future, it’s a necessity: Mark Kenber on this critical year
- Climate Week NYC opens with growing optimism that an achievable climate deal in Paris is within reach
- “The evidence is overwhelming that low carbon action is good for the economy”: Mark Kenber, CEO, The Climate Group
- Ban Ki-moon reaffirms support for global climate deal
- Climate Barometer shows rise in confidence following business and regional leader announcements
- Our new digital channel Climate TV’s leading voices highlight the opportunities of tackling climate change
- Climate change is national and global security threat we must be prepared for, warns Brigadier General Stephen Cheney
- Andrew Steer: More energy in the sprint to Paris
- China's journey from Beijing to NY to Paris: Changhua Wu on President Xi Jinping's first US state visit
- China and US strike critical climate deal
- Tackling climate change is "the prudent, conservative thing to do”: UK Lord Greg Barker
- Damian Ryan on what to expect from the COP21 Paris negotiations
- Words matter in the Paris climate agreement: We Mean Business leaders blog
- State and regional governments commit to GHG savings greater than US annual emissions
- First States & Regions Policy Innovation Briefing shows how South Australia engaging local leaders on adaptation
- Scotland “determined to lead by example” on climate change: First Minister Nicola Sturgeon
- Welsh Minister Sargeant calls for all actors to unite for "strongest possible agreement" at global climate talks
- Tackling climate change is “a big economic opportunity” for cities: Kyra Appleby, CDP
- 20 governments representing $8 trillion GDP is “just the start” for sub-national climate action, says Libby Ferguson
- Low carbon cities are US$17 trillion opportunity, says New Climate Economy
- “We will master this Herculean task” of moving to low carbon future, says German state minister
LED street lighting
- Support the Big Switch to LED street lighting at Climate Week NYC
- The Climate Group calls for all city street lighting to switch to LED by 2025: new report reveals carbon and cost savings
- Fortune 500 listed companies pledge to use 100% renewable electricity
- "Renewables create resilience" and "efficiency saves money": sustainability chiefs from Marks & Spencer and Unilever
- Johnson & Johnson announces goal to go 100% renewable by 2050 based on latest climate science
- Royal DSM, Givaudan and Vaisala join RE100 and commit to 100% renewables
- Going 100% renewable makes basic business sense to IKEA, Infosys and Marks & Spencer
- Swiss bank UBS joins RE100 and commits to 100% renewable power
- Procter & Gamble had early vision of 100% renewables, but "now raising the bar higher"
- Growing the use of renewable energy in the consumer goods sector: Unilever and Marks & Spencer
- Zhang Yue: Business leaders have “same importance as politicians” in tackling climate change
- World's major corporates seeing “genuine bottom-line benefits” of low carbon investment, says Ben Ferrari
- Aviation and shipping have ‘untapped opportunities’ to grow while reducing GHGs: Report
- Despite Brazil’s economic uncertainty, clean energy has “tremendous potential” for agriculture says President of leading sugar producer
- Climate change to cause social unrest through spikes in food prices, says Roger Johnson, NFU president
- "The old ways of doing business are over": Alejandro Agag, CEO of Formula E
- “Now is the time for businesses to take the lead” with The Climate Group initiative RE100
- Connecting world’s poor to clean energy could save US$27 billion and over 1 million lives
- BRIEFING: “The future of energy will be a clean one”, says Mark Kenber on 2025 energy trends
- "Access to clean and affordable energy is fundamental for growth”: Krishnan Pallassana
- How to keep the lights on during the energy-access challenge: Harish Hande, SELCO
- Energy intensive sectors need guidance when investing in renewables, reveals survey
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- 3 trillion trees are at the heart of our low carbon future, say Unilever and Marks & Spencer