Green Building Community

Top Companies Are Pushing for 100% Renewable Energy: 52% of Executives Expect Half of Their Offerings Achieve Low Carbon by 2028

YijunW CA, United States 0 Ratings 133 Discussions 90 Group posts

Posted by: YijunW

Top Companies Are Pushing for 100 Percent Renewable Energy

According to an article written by Dexter Galvin, who is a global director of corporations & supply chains at CDP (1), there is a growing number of companies setting science-based targets (2) to reduce greenhouse gas (GHG) emissions and align with the Paris Agreement (3). The report, published on brinknews on July 25, 2018, summarized why top companies are pushing for 100 percent renewable energy.

Achieving the targets is driving more and more corporations to achieve low carbon production. A July 2018 study by YouGov and the Science-Based Targets initiative has found that more than half of surveyed executives (52%) expect at least 50% of their products and services to be low carbon by 2028. Among the surveyed respondents, nearly 1 in 5 (19%) predict their products will reach almost 100% low carbon in ten years.

The study surveyed 185 respondents, who were from companies that have set science-based targets across 37 countries, including Dutch telecom company KPN, retailer Lidl Belgium, Japanese building materials manufacturer LIXIL Group, American logistics real estate company Prologis and Dutch technology giant Royal Philips.

Among the respondents, environmental factors were ranked as the second biggest trend affecting business growth in the following five years (65%), following technological change (88%). Almost a third (29%) claimed that science-based targets deliver bottom line savings to their business.

Another study in 2017 by CDP found a 20 percent rise in the number of companies offering low-carbon products and services, such as zero-energy buildings. For example, the first net-zero energy district, the Solallen community, in Sweden, generates as much electricity as it consumes (Skanska). In addition, an AI-managed eco-village will be built in Almere, Netherlands, self-supporting its foods, fruits, and energy power (Rate it Green).

The study from CDP also learned that the number of sampled companies from 1073 companies globally with a renewable energy consumption target had increased by 23 percent in a year. The world’s most influential companies are committed to 100% renewable power. RE100 is a collaborative, global initiative uniting more than 100 influential businesses committed to 100% renewable electricity, working to massively increase demand and supply of renewable energy (there 100). Members include Ikea, Adobe, Apple, Autodesk, Bank of America, Bloomberg, BMW Group, etc (there 100).

EV100, another example of big corporation union to foster renewable energy, is a global initiative bringing together forward-looking companies committed to accelerating the transition to electric vehicles (EVs) and making electric transport the new normal by 2030. Members include HP, Ikea, Unilever, Baidu, etc (The Climate Group).

An example of companies that strike for renewable energy is AkzoNobel. In 2016, 40 percent of renewable energy were used in AkzoNobel’s own operations. The Dutch chemical company’s 2.9-billion-euro revenue is from eco-premium products and services. It will source 100% of energy from renewable sources and eliminate carbon dioxide emissions by 2050.

Another example is Walmart: In April 2017, Walmart started Project Gigaton initiative to reduce emissions with its suppliers across its global value chain by a gigaton before 2030. After a year, on April 18, 2018 Walmart announced that suppliers have reported reducing more than 20 million metric tons (MMT) of greenhouse gas emissions in the global value chain (Walmat). Walmart plans to more than double its EV charging station sites in 34 states and double its wind and solar energy use in the United States of America (Walmart). On March 29, 2018, Walmart announced a goal to reduce greenhouse gas emissions in its China value chain by 50 million metric tons (MMT), which is equivalent to the annual electricity consumption of 40 million Chinese households, by 2030 (Walmart).

To read more, please visit
Brinknews
http://www.brinknews.com/why-are-top-companies-pushing-for-100-percent-renewable-energy/

Science Based Targets
https://sciencebasedtargets.org/faq/
https://sciencebasedtargets.org/2018/07/10/at-least-half-of-products-and-services-to-be-low-carbon-in-ten-years-say-majority-of-businesses-with-paris-aligned-climate-commitments/#_ftn1

Kellog
https://www.refrigeratedfrozenfood.com/articles/87522-kelloggs-eggo-waffles-plant-goes-green-with-fuel-cell-technology

Skanska
https://bit.ly/2nnsN3w

Rate It Green
The World’s First Artificial Intelligence Managed Eco-Village Will be Built in Netherlands
https://www.rateitgreen.com/green-building-community/discussions//the-world-s-first-artificial-intelligence-managed-eco-village-will-be-built-in-netherlands/3157

RE100
http://there100.org/re100
The Climate Group
https://www.theclimategroup.org/ev100-members
CDP
https://www.cdp.net/en/articles/companies/picking-up-the-pace-analysis
Walmart
https://news.walmart.com/2018/04/18/walmart-announces-20-mmt-of-supplier-emission-reductions-through-project-gigaton-unveils-plans-for-expanding-electric-vehicle-charging-stations-and-doubling-us-wind-and-solar-energy-use
https://news.walmart.com/2018/03/29/walmart-commits-to-reduce-emissions-by-50-million-metric-tons-in-china


Photo credit:
VCG

Reply

 

Please be kind and respectful!

Please make sure to be respectful of the organizations and companies, and other Rate It Green members that make up our community. We welcome praise and advice and even criticism but all posted content and ratings should be constructive in nature. For guidance on what constitutes suitable content on the Rate It Green site, please refer to the User Agreement and Site Rules.

The opinions, comments, ratings and all content posted by member on the Rate It Green website are the comments and opinions of the individual members who posts them only and do not necessarily reflect the views or policies or policies of Rate It Green. Rate It Green Team Members will monitor posted content for unsuitable content, but we also ask for the participation of community members in helping to keep the site a comfortable and open public forum of ideas. Please email all questions and concerns to admin@rateitgreen.com