World’s most influential companies announce investments in cleaner, smarter energy

Reading time: 3 minutes
20 September 2016

The Climate Group announces new members to flagship corporate campaigns to double energy productivity and go 100% renewable

NEW YORK: Wells Fargo & Co. and Dalmia Cement are among a group of world-leading businesses from diverse sectors of the economy that today, during Climate Week NYC 2016, made bold commitments to make better use of cleaner, smarter energy.

The announcements came from The Climate Group’s two leading corporate energy campaigns – RE100, the global initiative run in partnership with CDP that works with companies committed to transitioning to 100% renewable power across all their operations; and EP100, a new global initiative run in partnership with the Global Alliance for Energy Productivity that works with businesses committed to doubling their energy productivity.

RE100 announced eight new members today, including; IT solutions company Hewlett Packard Enterprise (HPE); cloud computing companies VMware Inc. and Rackspace Inc.; VF Corporation – owner of many apparel and footwear brands including The North Face, Timberland, and Wrangler; global alcoholic beverage company Diageo; and Norway’s largest financial services company DNB – all committing to go 100% renewable.

The pledges follow hot on the heels of Apple and Bank of America, both of which joined RE100 with announcements on stage at the Opening Ceremony of Climate Week NYC yesterday. Amalgamated Bank has also joined the initiative just days after General Motors did the same.

In addition to Dalmia Cement, the EP100 campaign today also welcomed three more new members; Mahindra Holiday and Resorts India, global energy efficiency technology provider Danfoss Group, and Chinese LED manufacturer Hongbo Group.

Despite EP100 being launched in recent months, the campaign already boasts corporate sign ups from India, China, Europe and the US. Research shows that in the U.S. alone, doubling energy productivity by 2030 could save US$327 billion annually in energy costs and add 1.3 million jobs to the economy, while carbon dioxide emissions would be cut by approximately 33%.

The Climate Group’s two initiatives are designed to work hand-in-hand to help companies maximize the economic benefits of every unit of energy they consume – and to ensure that what energy they do use for power, is renewable. According to various studies, adopting both approaches provides the least cost decarbonization pathway for businesses.

Speaking on their RE100 announcement, Mary Wenzel, Senior Vice President and Head of Environmental Affairs at Wells Fargo, said: “We are very pleased to have joined RE100 and be in the company of others who have also committed to using 100 percent renewable electricity for their operations.  

“Learning from RE100 experts and other members is going to be critical as we work toward meeting our 2020 sustainability commitments, including our goal of powering 100 percent of our global operations with renewable  electricity by 2017 and transitioning to long-term agreements that directly fund new renewable electricity projects by 2020.” 

Mahendra Singhi, Group CEO of Dalmia Cement, said: “Today, our group has one of the lowest carbon footprints in the global cement sector and we will continue to find ways to not only reduce our energy use, but to also further maximize the economic benefit of every unit of energy we consume.”  

Damian Ryan, Acting CEO of The Climate Group, welcomed the new commitments: “It is widely acknowledged that we will not succeed in keeping a global temperature rise below two degrees without significant corporate leadership on energy, and that is what we are seeing here today.

“Dozens of world leading companies joining RE100 and EP100 are showing there's a clear business case to invest in cleaner, smarter energy pathways that will accelerate the transition to net-zero emissions economies.

“When it comes to renewables and energy productivity, investors and policymakers must respond to rising corporate demand and ensure that supportive policies are in place.”

There are now 81 members of RE100. The 12 new companies joining the campaign at Climate Week NYC 2016 are helping to drive demand for over 19.3TWh of renewable electricity, almost enough to power the whole of Long Island [21.6TWh]. This takes the total demand being created by all RE100 members to over 100TWh.

Just two years since the launch of RE100 at Climate Week NYC 2014, existing members are already demonstrating clear progress towards their 100% goals. Re/insurance company Swiss Re, a founding partner of the RE100 campaign, today announced plans to build and operate its own solar power plant at the company's US headquarters in Armonk, New York. Construction of the 2MW facility will begin in October 2016.

Global healthcare company Johnson & Johnson last week strengthened its interim RE100 goal with a commitment to powering its facilities with 35 percent renewable energy by 2020. The company has contracted usage of 100MW of wind energy from E.ON’s new wind farm in Texas, an agreement that will generate electricity equivalent to about 60 percent of their consumption in the US.

 

MEDIA CONTACTS:

Beth Woodthorpe-Evans                                            Kate Urbach

The Climate Group                                                       Havas PR North America

+44 7912 514445                                                         +1 917 575 9513

media@theclimategroup.org                                         kate.urbach@havasww.com

Marie Reynolds

RE100 Communications Manager

The Climate Group

+44 7849 785635

mreynolds@theclimategroup.org

ABOUT CLIMATE WEEK NYC

Climate Week NYC is a cornerstone event in the international calendar that brings together influential global figures and new voices from the worlds of business, government and investors to lead the transition toward net zero emissions. The Climate Group launched Climate Week NYC  in 2009, and has since acted as the secretariat

This year, Climate Week NYC takes place from September 19 -26, just eight weeks before what is set to be a pivotal US presidential election. The Opening Ceremony, hosted by The Climate Group, will focus on US leadership and gather decision makers from business and government to demonstrate how continued investment in innovation, technology and clean energy will drive profitability can create prosperous net zero emissions economies and thriving communities.

Climate Week NYC is also the collaborative space for climate events in support of the UN Sustainable Development Goals and the Paris Climate Agreement.

ClimateWeekNYC.org | @ClimateWeekNYC | #CWNYC

ABOUT THE CLIMATE GROUP

The Climate Group is an award-winning, international non-profit. We specialize in bold, catalytic and high-profile climate and energy initiatives with the world’s leading businesses and state and regional governments. Our work is at the forefront of ambitious climate action.

Our vision is a world of prosperous ‘net-zero’ emission economies and thriving, sustainable societies.

Our mission is to catalyze climate leadership in government and business to accelerate the shift to a prosperous and thriving ‘net-zero’ future for all. We do this by communicating to inform, convening to connect, and collaborating to scale and succeed.

Founded in 2004, our offices are located in Beijing, Hong Kong, New Delhi, New York and London.

ABOUT RE100

RE100 is a global, collaborative initiative of influential businesses committed to 100% renewable electricity, working to massively increase demand for – and delivery of – renewable energy. This will accelerate the transformation of the global energy market and aid the transition towards a low carbon economy. RE100 shares the compelling business case for renewables and showcases business action, while working with others to address barriers and develop transparent reporting mechanisms. RE100 is brought to you by The Climate Group in partnership with CDP, as part of the We Mean Business coalition.

Members of RE100 set their own strategy for achieving their 100% goals, but are strongly encouraged by RE100 to work to the shortest possible timeline. Wells Fargo intends to achieve 100% renewable electricity by 2017, with a transition to “long-term agreements that fund new sources of green power” by 2020. VMware, Inc. is working towards 100% renewable electricity by 2020, and Rackspace, Inc. by 2026. Diageo is aiming for 2030, with an interim goal of 50% by 2020. DNB is already 100% renewable, but in line with best practice guidance provided by the RE100 Working Advisory Group, will transition to Renewable Energy Credits (RECs) for local projects by 2020.

All members of RE100 are committed to 100% renewable electricity, but some set 100% renewable goals for their wider energy use – including transport and heat as well. VF Corporation for example joins RE100 with a commitment to use entirely renewable energy by 2025. Hewlett Packard Enterprises has set an interim goal of achieving 50% renewable energy across its operations by 2025.

The 81 members of RE100 include: Adobe, Alstria, Amalgamated Bank, Apple, AstraZeneca, Autodesk, Aviva, Bank of America, Biogen, Bloomberg, BMW Group, BROAD Group, British Land, BT Group, CaixaBank, Coca-Cola Enterprises, Colruyt Group, Commerzbank, Crédit Agricole, Dentsu Aegis Network, Diageo, DNB, Elion Resources Group, Elopak, Equinix, Facebook, Formula E, General Motors, Givaudan, Goldman Sachs, Google, H&M, Hewlett Packard Enterprise (HPE), HP Inc., IFF, IKEA Group, Infosys, ING, Interface, J. Safra Sarasin, Johnson & Johnson, Kingspan, KPN, La Poste, Land Securities, Marks & Spencer, Mars, Nestlé, Nike, Nordea, Novo Nordisk, Pearson, Philips, Procter & Gamble, Proximus, Rackspace, RELX Group, Royal DSM, Salesforce, SAP, SAVE S.p.A, SGS, Sky, Starbucks, Steelcase, Swiss Post, Swiss Re, Tata Motors Limited, TD Bank Group, Tetra Pak, UBS, Unilever, Vaisala, VF Corporation, VMware, Voya Financial, Walmart, Wells Fargo, Workday and Yoox Group.

#RE100

ABOUT EP100

EP100 is a global campaign that encourage the world’s most influential businesses to pledge to double their energy productivity, in order to maximize the economic benefits from every unit of energy they consume.

Active members of EP100 include: Johnson Controls, Covestro, Mahindra & Mahindra, Danfoss Group, Hongbo Group, Mahindra Holidays and Resorts, and Dalmia Cement. For information on their commitments, please contact The Climate Group at media@theclimategroup.org.

Developed and administered by The Climate Group, EP100 operates in partnership with The Global Alliance for Energy Productivity and in alignment with United Nations Sustainable Energy for All initiative, and is an action of the We Mean Business coalition. EP100 is also complementary to RE100. Combined, energy productivity and renewable energy represent the most economical pathway to decarbonisation for many - or most - companies.

#EP100

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