The Climate Group, a not-for-profit organisation

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  • 02 Dec 2019
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Huge Surge in Number of Companies Targeting 100 Percent Renewables by 2030

The Climate Group, a not-for-profit organisation, has received more than double the number of corporate signatories first expected to its RE100 scheme. Its insight report reveals that RE100 membership grew by one-third to surpass 200 businesses for the first time in 2019, with new additions over the past year having included intu, The City of London Corporation and Barclays. The group found that the average target-date for 100 percent renewables stands at 2028 and that one in three partaking companies are already using renewables to meet more than 75 percent of their annual energy consumption. However, they also found that member companies are beginning to struggle with price rises in markets such as China and Russia. Nonetheless, the report states RE100 members are keen to seek opportunities rather than being deterred by challenges. It found that 50 percent of members plan to use their influence to push stakeholders including policymakers, regulators and utilities for a faster transition to a clean energy system in 2020.

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