Companies turn creative to go green
Climate change is upon us and there are no two ways about it. Tackling climate change requires decarbonisation of electrification, industry and transportation sectors which contribute around 90% of CO2 emissions. This article is focused on sustainability in commercial and industrial(C&I) sector which is responsible for over 30% of annual global CO2 emissions.
Leading companies around the world are shifting their goals from only profit maximisation to profitability along with due consideration for the health of the planet. Companies are signing up for initiatives like RE 100 and committing to procuring renewable energy for their business operations. Let us take the example of Google.
The company has been using renewable energy since 2010 and has cumulatively signed corporate power purchase agreements (PPAs) totalling over 7 GW already. It is now working on achieving its goal of operating on 24/7 renewable energy by 2030 which means procuring 100% energy from renewable sources on hourly basis. Just imagine (or google!) the quantity of energy Google needs to run its data centres etc.
Moving to the other tech giant Apple. As part of its pledge “to be carbon neutral on every product by 2030", Apple has received commitments from over 250 manufacturing partners to use renewable energy for all Apple production by 2030. It is not just the tech majors, but a lot of other companies in varied sectors from construction, industrial goods, consumer goods to healthcare etc.
are committing to carbon neutrality by 2030. Soon business without clean energy will not be possible. All businesses must follow the lead of the above majors and develop a plan to secure their long-term clean energy supplies.
Read more on livemint.com
