Starbucks, Nike among US companies joining RE100

By Editor


Walmart, Starbucks and Nike among other US majors have vowed to switch entirely to renewable energy in the long term.

Walmart has been active on climate change and is already meeting 24 percent of its electricity requirements using clean energy sources.

According to an AFP report, the companies have joined the RE100 initiative of the non-profit Climate Group as part of a global effort against climate change.

Johnson & Johnson, Procter & Gamble, and Goldman Sachs have also joined the year-old effort.

Climate Group has stated that 36 major businesses are now part of the RE100 initiative.

The programme does not set a deadline for companies to meet the goal or spell out consequences if they do not.

In May, Indian information technology major Infosys had joined RE100. The company is aiming to become carbon neutral by 2018.

Over the past seven years, Infosys has been focusing on reducing per capita consumption of electricity by 50 per cent from the levels in 2007-2008.

RE100 was launched on September 22, 2014, during the Climate Week NYC. And seventeen companies including the likes of IKEA, Swiss Re, Mars, Nestlé, and Philips had joined the campaign then.

More Indian companies were expected to join the campaign in the wake of the commitment by Infosys.

The announcement by Climate Group comes on the heels of a study that found that institutions worth $2.6 trillion have renounced fossil fuels, sharply up from a year earlier.

Ajith Kumar S

[email protected]

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