More than
half of the Fortune 100 and more than two-thirds of the Global 100
have set GHG
emissions reduction commitments, renewable energy commitments
or both. As
corporations turn to renewable energy to reduce GHG emissions and
meet specific
sourcing goals, companies are driving significant new investments
in renewable
energy. Though these pockets of activity are encouraging, with
the proper
policies, companies could set even stronger renewable energy
commitments.
Among the
combined Fortune 100 and Global 100 companies, nearly two dozen
have set
public, voluntary renewable energy commitments. These include globally
recognized
brands like AT&T, Dow Chemical, General Motors, Google, HSBC,
Procter &
Gamble, Volkswagen and Walmart.Global corporate renewable energy commitments are driving global purchasing.
For many of the Fortune 100 and Global 100 firms, action on renewable
energy is not limited to regional or national levels; it is planned across a global
scale. In
order to meet their renewable energy targets, companies are developing
comprehensive
purchasing strategies in every market where they have a
significant
presence—often in countries core to their supply chains.
Looking at
corporate targets by sector, in the Fortune 100, the Materials and
Telecommunications
sectors have the highest share of companies who have set
both GHG and
renewable energy commitments. The Industrials and Financial
sectors have
the highest share of companies that have set GHG targets only.
The Energy
sector, followed by Health Care, lags in setting either a GHG or
renewable energy target (see
chart, opposite top).
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