An alliance of major companies have promised to generate 100 percent electricity from clean energy. RE100, a proponent headed by The Climate Group in coalition with CDP, has acquired allegiances from Goldman Sachs, Johnson & Johnson, NIKE, Inc., Procter & Gamble, Salesforce, Starbucks, Steelcase, Voya Financial, and Walmart.
“As a leading global financial institution, we have had a long standing commitment to finance and invest in clean energy around the world to help the transition to a low carbon economy,” stated Kyung-Ah Park, Head of Environmental Markets at Goldman Sachs.
” We are also committed to reducing our own carbon footprint, and will target the use of 100 percent renewable power to meet our global electricity needs by 2020.”
In addition to Goldman Sachs, majority of the companies to recently make 100 percent clean energy assurances have established target periods – Johnson & Johnson by 2050, Nike by 2025 and Voya International by the end of 2015.Other organizations including but not limited to IKEA Group, Philips, Unilever and Mars, Incorporated have joined the RE100.
Transition to renewable energy is not only a PR stunt. During which such commitments actually reverberate well with consumers and prospective customers; going renewables has proved it as a wise business venture.
“Research shows that the most ambitious companies have seen a 27 percent return on their low carbon investments – no wonder new names keep joining RE100,” stated Mark Kenber, CEO of The Climate Group.
“Lowering risk, protecting against price rises, saving millions and boosting brand is what shaping a low carbon economy all is about.”
Not only does the collective opinion of these organizations affinity for 100 percent renewable coveys a strong message to other companies and sectors, but also to policy makers.
We hope other companies and businesses will learn from them and follow their steps to be able to make renewables the major source of energy in Australia.