London, UK / Rotterdam, NL. (ul) Unilever announced that its factories, offices, R+D facilities, data centres, warehouses and distribution centres across five continents are now powered by 100 percent renewable grid electricity.
As far as possible, Unilever’s transition to renewable electricity has been delivered through supporting the development of local renewable energy markets, with 38 percent of its grid electricity supplied through corporate Power Purchase Agreements (PPAs) and green electricity tariffs.
Where it has not been feasible to do this, Unilever has purchased Renewable Energy Certificates (RECs) – openly-traded certificates linked to renewable electricity generation.
Sam Kimmins, Head of RE100 at The Climate Group, said: «Congratulations to Unilever – achieving 100 percent renewable electricity across five continents means the company is quickly advancing on its RE100 goal as it works to become a ‘carbon neutral’ company by 2030. Through its membership of RE100, global companies like Unilever are sending a strong demand signal to the few markets where renewables remain harder to access. They want to be able to source renewable electricity locally at an affordable price – and they want to do that now.»
This announcement comes ahead of Unilever taking to the stage at the opening ceremony of Climate Week NYC and participating in the United Nations Secretary General’s Climate Action Summit, where it joins leaders from government and business in advocating for the importance of limiting global average temperature rise to 1.5° Celsius – in line with the Paris Agreement.
Unilever’s achievement is a significant step towards its target to become a carbon neutral company before 2030. Unilever has worked with partners around the world to generate renewable electricity at its own sites, with solar power in use at Unilever facilities in 18 countries.
Marc Engel, Chief Supply Chain Officer at Unilever, said: «The climate emergency is one of the most urgent challenges we’re all facing. Our team have worked hard to secure renewable energy contracts for our sites across five continents, accelerating the delivery of our 100 percent renewable energy targets.
«Of course, there is more work to do, but we hope that this announcement will inspire further action elsewhere and help to prove that it is possible to combat the climate crisis and hold global warming at 1.5 Degrees Celsius. Renewable is doable.»
A substantial contribution to this announcement comes from Unilever’s investment in energy efficiency programmes, which have led to a reduction in total energy consumption of 28 percent, and to the halving of carbon emissions per tonne of production since 2008, as well as the introduction of on-site solar electricity generation.
There have been no net on-costs to get to this point. Savings that Unilever was able to generate through mechanisms such as PPA’s have counterbalanced additional costs.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Chipotle: Announces Third Quarter 2024 Results
- Kesko Group: Announces 9M-2024 Financial Results
- P.E. Company Acquires Double B Foods Inc.
- Bühler: Grain Innovation Center opens its doors in Uzwil
- Orkla ASA: reports strong profit improvement in Q3-2024
- Apetit PLC: announces 9M-2024 financial results
- Cloetta AB: announces Q3-2024 interim report
- Axfood AB: Reports Q3-2024 Financial Results
- Fodelia Group: 2024 Time of good growth and development
- Paulig Group: starts new salsas production in Estonia
- Smucker Company: sells »Voortman« to CapVest Partners
- EPP partners with Jufeba to deliver doughnut frying solutions
- Lantmännen Group Divests Scandbio
- Albertsons Companies: Reports Q2 Fiscal 2024 Results
- Axfood AB: Acquisition of City Gross now approved
- Sweden: Lantmännen establish Biogas AB
- Apetit PLC: H1-2024 result exceeded comparison period
- DPC Dash: Continues to Unleash Massive Market Potential
- Ferraro Foods: Acquires Botticelli Food Service
- One Rock Capital completes investment in Lewis Bakeries