The 53 corporations that committed to 100% renewable energy are half the way there, expected to reach 80% renewable electricity by 2020, says the RE100 annual report.
Launched in 2014 with 13 companies, RE100 grew to 53 over the past year.
On average, the IT sector is furthest along; they are 64% there. In terms of amounts of renewables added, the retail sector leads.
"The good news is that RE100 companies in every sector have made progress towards their 100% goals – or in some cases, have already gotten there," says Emily Farnworth, at the Climate Group. "The companies that have been able to make the switch more easily are those with smaller power requirements operating mainly in the US or Europe – where renewable electricity options are most readily accessible."
Average progress of RE100 companies against 100% goal by sector, 2014:
"By reporting to CDP on their transition to clean energy and sharing best practices, RE100 companies are demonstrating strong transparency and accountability which are essential in developing a vibrant, well-functioning market," says Roberto Zanchi at CDP.
RE100 helps companies find the best renewable electricity options in various world different markets, and its Knowledge Sharing Platform and workshops enable peer-to-peer learning.
Going forward, RE100 plans to work with the Rocky Mountain Institute’s Business Renewables Center to aggregate demand; and encourage companies to sign the Corporate Renewable Energy Buyers’ Principles, which urges US utilities to respond to corporate demand for renewable energy.
The 53 companies in the RE100 are: Adobe, Alstria, Autodesk, Aviva, Biogen, BMW Group, BROAD Group, BT Group, Coca-Cola Enterprises, Commerzbank, DSM, Elion Resources Group, Elopak, Formula E, Givaudan, Goldman Sachs, Google, H&M, IKEA Group, Infosys, ING, International Flavors & Fragrances Inc., J. Safra Sarasin, Johnson & Johnson, Kingspan, KPN, La Poste, Land Securities, Marks & Spencer, Mars Incorporated, Microsoft, Nestlé, Nike, Inc., Nordea Bank AB, Novo Nordisk, Pearson, Philips, Procter & Gamble, Proximus, RELX Group, Salesforce, SAP, SGS, Starbucks, Steelcase, Swiss Post, Swiss Re, UBS, Unilever, Vaisala, Voya Financial, Walmart and YOOX Group.
Read our articles, Low Carbon Corporate Initiative Could Halt 65% of Climate Problem and Corporations Step Up For Climate, As Exxon is Exposed.
Read the RE100 report, Growing Market Demand for Renewable Power:
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