Tag: RE100

Shree Cement joins RE100, commits to transition 100% to renewable electricity by 2050

Stuart Mitchell

Shree Cement, one of India’s largest cement producers with an installed capacity of over 56 MTPA, proudly announces its membership in the esteemed RE100 initiative, a global initiative led by Climate Group, advocating for businesses to convert to 100 percent renewable electricity for all their operations. This commitment underscores Shree’s dedication to accelerate the global transition to 100% renewable electricity consumption among influential businesses.  Power generation capacity from waste heat recovery-based plants ranked among the highest in the global cement industry Sustaining green power consumption at over 55%, the highest…

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Renewable electricity surges ahead in business energy procurement

Stuart Mitchell

More than 180 major Indian and global businesses operating in India procured almost a quarter of their electricity needs from renewable energy in 2022 in the country, driving forward the demand for renewable energy in one of the biggest economies in the world. This is according to RE100’s latest Annual Disclosure Report.  Renewable electricity sourcing saw a 5% jump to 23% in 2022 from 2021, when companies sourced 18% of their electricity needs from renewables.   With an increasing share of RE100 companies operating in India, the report also documents…

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Verizon joins RE100 and shares new milestones in its responsible business plan

Stuart Mitchell

Verizon has announced it has joined RE100, a global initiative bringing together the world’s most influential businesses committed to 100% renewable electricity. Led by the Climate Group and in partnership with CDP, RE100’s mission is to accelerate change towards zero carbon grids at scale, an objective that Verizon is proud to support. As previously announced, Verizon aims to source renewable energy equivalent to 100% of its annual electricity usage by 2030, with an interim target of 50% by 2025. “As a core part of our business, Verizon looks to benefit…

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Ashok Leyland joins Climate Group’s RE100 initiative

Stuart Mitchell

Ashok Leyland has committed to sourcing 100% of its electricity from renewables by 2030 as it joins the RE100 initiative. The announcement by India’s foremost automaker in the commercial vehicle segment is significant against the backdrop of India’s target of achieving 450 GW of renewable energy by 2030, and the global ambition of tripling renewable energy by 2030 which is a key outcome of the G20 New Delhi Leaders’ Declaration and at COP28.  Ashok Leyland’s collective electricity demand in the country was 324 GWh, 55% of which came from renewable…

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Hyundai Motor Group Affiliates to Join Climate Group’s RE100, Aim to Expand Renewable Energy Use

Stuart Mitchell

Hyundai Motor Group (the Group) has announced that five key affiliate companies, including Hyundai Motor Company (Hyundai Motor) and Kia Corporation (Kia), will join Climate Group’s RE100, a global initiative committed to moving toward 100 percent renewable energy. Joining 300 other global companies, the Group plans to further accelerate efforts on sustainable development and carbon neutrality. Hyundai Motor and Kia, along with Hyundai Mobis Co., Hyundai Wia and Hyundai Transys Inc., each will submit applications to the Korea RE100 Committee later this month. While all five companies aim to transition…

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