The Climate Group
This month (April) sees the landmark of 300 companies having joined RE100 – the energy initiative for business where the ‘100’ means a commitment to buying 100% renewable electricity. The latest cohort of RE100 members highlights the diversity of this extraordinary business movement. From the global healthcare company Novartis to the Dutch brewer Heineken, and from the South Korean-based energy consultancy LG Energy to the Japanese electronics business Epson. These are large organisations driving emissions down – and fast – across multiple sectors and regions of the world.
The emergence of RE100 is a beacon of the remarkable transition that has happened in the energy landscape over the last decade. And at the heart of this change has been a rapid shift in the cost of renewable energy. A survey of RE100 members in September last year found that almost 70% of respondents cited cost savings as a driver for switching to 100% renewable electricity.