Wal-Mart, Other Major Brands Join Renewables Pledge

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By Andrea Vittorio

Sept. 23 — The number of companies seeking to obtain 100 percent of their electricity from renewable sources has nearly tripled in the last year as brands such as Wal-Mart, Goldman Sachs and Procter & Gamble have pledged to pursue cleaner power sources.

Now three dozen companies have taken the 100 percent renewable electricity pledge since the group RE100 launched the initiative during Climate Week in New York in 2014.

It is one of many campaigns trying to show support within the private sector—which accounts for more than half of the world’s electricity consumption—for a global climate deal being negotiated by nearly 200 nations.

“Climate change is a global issue that requires global solutions,” Eric Sprunk, chief operating officer at Nike, another signatory to the pledge, said in a statement Sept. 23. “We believe that collaboration is important to accelerate and scale sustainable innovations that have potential to change the world, and Nike is proud to join the leading global brands in RE100 with our commitment to reach 100 percent renewable energy.”

The companies’ goals vary in their deadlines, from 2020 for Goldman Sachs to 2050 for Johnson & Johnson.

The announcement comes one day after another group of companies—some of which overlap, like Unilever—pledged to zero out greenhouse gas emissions from their operations by 2050.

To contact the reporter on this story: Andrea Vittorio in Washington at avittorio@bna.com

To contact the editor responsible for this story: Larry Pearl at lpearl@bna.com

More information on RE100 is available at http://there100.org/.