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US corporates top renewable energy charts

Date
01 July 2011
US corporates top renewable energy charts

NEW YORK: A new survey shows that US-based WholeFoods, Intel and Kohl’s are the world’s top corporate purchasers of renewable energy, and members of The Climate Group including: Cisco, Deutsche Bank, JP Morgan, News Corp and Swiss Re, are also ranking high in the renewable energy use charts.

1000 of the world’s largest companies were surveyed as part of Bloomberg New Energy Finance (BNEF) and Vestas Wind Systems A/S’s new global Corporate Renewable Energy Index (CREX), which aims to make the world’s biggest companies’ renewable energy use transparent, for the first time.

Companies can use CREX to compare their performance to their competitors as well as learn from industry leaders with these compelling findings.

Ditlev Engel, President and CEO, Vestas says: “We believe today’s initiative will create energy transparency among global corporations, which will be a key driver for change. I believe that the CEOs of the world will take a close look at the CREX and make decisions about how they want to be ranked in the future.”

Michael Liebreich, CEO, Bloomberg New Energy Finance says: “The CREX brings transparency to the renewable energy use of major global corporations, and will be a useful tool for energy investors.”

Results of the survey include:

  • Intel ranked first among companies disclosing data, with 1493GWh of renewable energy purchased in 2010
  • WholeFoods came first for wind energy, with all of its electricity powered by wind
  • Kohl’s topped the charts based on percentage of renewable energy purchased, with 100%
  • Although the top three are from the US, Switzerland’s Swiss Re boasts 78.1% of its electricity as coming from renewable sources
  • After US, Europe, Asia and Oceania are all using renewable energy on a large scale

David Bresch, Head of Sustainability and Political Risk Management, Swiss Re, says: 'Swiss Re is delighted that our company's long-term commitment to renewable energy procurement has again been acknowledged with a high ranking in CREX. Our goal is to purchase 100% renewable energy where technically feasible by 2013, and we will continue to offer specialist insurance products that help accelerate further investment in these important, clean technologies.'

Amy Davidsen, Executive Director, The Climate Group North America, says: 'Clear information on how companies use renewable energy is key to assessing companies’ current commitments to climate change, and increasing their level of ambition moving forward.  The Corporate Renewable Energy Index will be an indispensible tool for businesses, investors and consumers who want to know which companies are leading the Clean Revolution.'

You can download the Corporate Renewable Energy Index here.

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