Renewables receiving dramatic upsurge in demand from multinationals: RE100 report

Ambitious multinational companies around the world are demonstrating their commitment to tackling climate change by embracing renewable energy, says a new RE100 report.

The organisation’s annual progress report found there was a 41% increase in renewable electricity sourced by RE100 companies in 2017 compared to 2016. RE100 is a corporate leadership initiative led by The Climate Group, in partnership in CDP.

RE100 now has 155 members with a total electricity demand greater than Argentina and Portugal combined – 188TWh per year. Of the members, 37 companies are already over 90% renewable, with six members achieving 100% clean energy supply.

CEO of The Climate Group Helen Clarkson said: “With so much depressing news at the moment, here we have a refreshing, positive story of how ambitious corporate action is changing the world for the better.

“We congratulate RE100 members on the progress they are making by building renewables into their growth strategies, and engaging policymakers and suppliers. This is what all leading multinationals should be doing.

“There’s no room for complacency – we’ve still some way to go – but this unstoppable momentum should give national governments the confidence to set more ambitious emissions reduction goals, in line with the latest science and no more than 1.5°C warming.”