Nike, Goldman Sachs, Procter & Gamble agree going 100% renewable is good for business

Reading time: 7 minutes
30 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 IRENAAdnan 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 TimesBloombergReutersCNBCFortuneTIME Magazine, Business Reporter and Politico to name a few.

There are now 36 members of RE100 including AlstriaAutodeskBT Group,CommerzbankDSMElion Resources GroupFormula EGivaudanGoldman SachsH&MIKEA GroupInfosysJ. Safra SarasinJohnson & Johnson,KingspanKPNMarks & SpencerMars IncorporatedNestléNike, Inc.,PhilipsProcter & GambleProximusRELX GroupSalesforceSAPSGS,StarbucksSteelcaseSwiss REUBSUnileverVaisalaVoya 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.

Click the image below to see a gallery of photos

#CWNYC 2015

Visit | @ClimateGroup@ClimateWeekNYC | #CWNYC



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