What is RE100?
Corporate RE100 Strategies
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Unbundled Energy Attribute Certificates (EACs) purchase | 43% | 42% | 40% | 39% |
Direct procurement from an generator (PPA) | 21% | 26% | 29% | 35% |
Green electricity products from an energy supplier | 31% | 30% | 24% | 19% |
Self-generated renewable energy | 4% | 3% | 3% | 2% |
Other methods | - | - | 3% | 4% |
RE100 is a global corporate initiative with a vision to procure 100% of their electricity from renewable sources by the year 2050. To attain this objective, participating businesses are required to exclusively utilize electricity generated from renewable sources or offset their electricity consumption by purchasing Renewable Energy Certificates (RECs) matching the volume of electricity they use. At present, RE100 boasts a roster of 349 member companies, featuring industry leaders such as Apple, Google, Intel, 3M, and more. Eligibility for membership is contingent on a company’s inclusion in Fortune’s list of the top 1,000 enterprises or having an annual electricity consumption surpassing 0.1 TWh.
Participating companies pledge to power their operations and products with renewable energy sources. They require their suppliers to adhere to the same commitment by utilizing renewable energy in their production processes. Failures to meet this condition may result in termination of the business relationship or imposition of penalties. As a result, the mandate for renewable energy usage extends not only to major corporations but also to their supply chain partners.
Why should companies buy EACs for RE100 goal?
EACs offer businesses a means to reduce their environmental footprint by supporting clean energy without the necessity of altering their electricity supplier. Furthermore, EACs serve as a key instrument for Greenhouse Gas Protocol compliance and enhancing corporate sustainability ratings in alignment with RE100 objectives. Acquiring EACs proves to be an effective strategy for incorporating renewable energy into a comprehensive global sustainability initiative, rendering your business more appealing to investors, consumers, and prospective employees.
The following Energy Attribute Certificates are currently accepted
- REC (US and Canada)
- GOs or REGO (Europe)
- T-REC (Taiwan)
- J-Credit, NFC, GEC(Japan)
- I-REC (International)
- TIGR (International)
- GEC (China)
- NZREC (New Zealand)