What isClimate Week NycSEPTEMBER 24-30, 2018
Taking place between September 24-30, 2018, in New York City, Climate Week NYC is one of the key summits in the international calendar and has been driving climate action forward since it was launched by The Climate Group in 2009.
Businesses, governments, academic institutions, arts and music organizations, and NGOs are all invited to participate in the iconic week, through the Climate Week NYC Affiliate Events program. From panel discussions, to concerts, exhibitions and seminars, organizations and individuals can play a pivotal role in advancing the debate, driving awareness, and keeping climate action at the top of the global agenda. Climate Week NYC 2017 was host to more than 100 affiliate events.
Climate Week NYC is brought to you by The Climate GroupLearn More
Read what happened
LONDON: A rapidly growing group of ambitious multinational businesses are actively reshaping the energy market through their global investment decisions and accelerating a zero emissions economy, a new report release today (Tuesday January 23) shows.
‘Approaching the tipping point: how corporate users are redefining global electricity markets’, a new report from RE100 – a global corporate leadership initiative led by The Climate Group in partnership with CDP – tracks progress made in 2016-17 by companies committed to 100% renewable power.
The report also provides insight into emerging trends in corporate sourcing of renewables around the world, with 122 RE100 members operating in 122 countries averaging 1.3 times more renewables in their electricity mix than the global rate of renewable electricity use.
Thanks to falling costs of renewable energy technology, there is a notable shift away from renewable energy attribute certificates towards direct contracts with suppliers, as well as onsite generation and offsite grid-connected generators (power purchase agreements, or PPAs) – meaning that increasingly, members are directly growing renewable energy capacity.
SPECIFIC FINDINGS IN THE REPORT INCLUDE:
- 25 members had reached 100% renewable electricity by the end of 2016, with Autodesk, Elopak, Interface, Marks and Spencer and Sky reaching this goal during 2016, while Equinix and Kingspan surpassed their interim targets during the same year;
- The biggest achievers in 2016 included Bank of America, Astra Zeneca and Coca Cola Enterprises Inc., whose share of renewable electricity increased more than threefold;
- The proportion of renewable electricity being sourced via power purchase agreements grew fourfold in 2016, while the quantity of electricity sourced from onsite generation increased x15 (via supplier-owned projects) and x9 (via member-owned projects);
- 88% of respondents cited the compelling economic case for renewable electricity as a major driver – with 30 out of 74 reporting that renewable electricity was either cost competitive or delivered significant savings on energy bills;
- Policy barriers represent the most common challenge for RE100 companies, alongside a lack of availability of suitable contracts or certificates in some markets.
The report comes as government and business leaders gather at the World Economic Forum Annual Meeting in Davos, Switzerland, to discuss pathways to a sustainable economy, and a few days after Nike signed its second major wind contract, in Texas, US, that will take the company more than half way to reaching 100% renewable electricity globally as part of RE100.
Helen Clarkson, Chief Executive Officer, The Climate Group, said: “I’d like to congratulate every RE100 member accelerating the roll-out of renewable energy through their investment decisions. Their leadership is vital for overcoming policy challenges, shifting global markets, and inspiring many more companies to reap the economic benefits of renewable electricity. Rapidly growing demand from world-leading RE100 companies – and increasingly their suppliers and peers – means governments can confidently look to ratchet up targets in 2020 for slashing greenhouse emissions, to deliver on the Paris Agreement.”
Paul Simpson, Chief Executive Officer, CDP, said: “CDP data shows a jump in renewable energy procurement and that motivations are not only environmental but economic. With nearly 90% of companies driven by the economic case for renewables, this demonstrates a fast approaching tipping point in the transition to a zero-carbon economy. These companies prove that energy is becoming a board level issue across the globe and sustainability is essential for future business security. Now, it’s time to tip the balance and make 100% renewable the new normal.”
The report also shows key findings by region:
- In Europe, renewable energy has been the main source of electricity for RE100 members for the second year running. However, the lucrative PPA market is largely untapped; EU policy makers have an opportunity unlock its full potential through the next phase of the Renewable Energy Directive;
- In the US, we have seen a major increase in the use of PPAs by RE100 members, with continued momentum on renewable electricity sourcing by major businesses, despite political uncertainty;
- In India, the amount of renewable electricity consumed by our members has more than tripled, thanks to falling costs. The diversity of ways in which companies are sourcing renewables has also increased.
Today, The Climate Group announced three new joiners to the RE100 campaign; Danone SA, Reckitt BenckiserGroup plc, and Hatsun Agro Products Ltd.
The leading global food company Danone is targeting 100% renewable electricity by 2030 (50% by 2020). In September last year the company revealed its new evian bottling site in France, the largest food production site to achieve carbon neutrality and completely powered by renewable electricity.
Katharina Stenholm, Senior Vice President and Chief Cycles and Procurement Officer, Danone, said: "The transition to renewable electricity is a key lever to help Danone strengthen efficiency and achieve our commitment to being carbon neutral by 2050. Our first milestone will be to reach 50% of renewable electricity by 2020. We are therefore delighted to join the RE100 initiative. We look forward to working with other companies to show that green energy is good for the environment and good for business."
British consumer goods group Reckitt Benckiser Group plc – which owns ‘Powerbrands’ such as Durex, Air Wick and Dettol – has also committed to sourcing 100% renewable electricity by 2030.
Hatsun Agro Products Ltd, India’s largest private dairy, has committed to a 2032 target. Already sourcing over 80% of its global electricity consumption from renewable sources, the company aims to reach 100% by investing in solar and wind energy and converting diesel generators into lithium storage batteries for maximising its use of renewable power.
RG Chandramogan, Chairman and Managing Director, Hatsun Agro Products Ltd, said: “Our mission to leave the world in a better place for future generations is at the heart of our business strategy. That’s why we’ve joined the global RE100 campaign alongside other forward-thinking companies, in our commitment to source 100% renewable electricity – by 2032. Thanks to our investments in wind and solar power, we’re already more than 80% renewable. We hope that many other businesses follow suit.”
RE100 now brings together 122 global companies, with a collective revenue of over US$2.75 trillion and operations spanning six continents. Together they represent over 159TWh of demand for renewable electricity – more than enough to power Malaysia, New York State or Poland, and equivalent to the 24th largest electricity demand of all countries.
Nazneen Nawaz, Head of Media and Corporate Communications, The Climate Group – NNawaz@theclimategroup.org Tel: +44 (0) 7946 342 869
Marie Reynolds, Communications Manager - Business Initiatives, The Climate Group – MReynolds@theclimategroup.org Tel: +44 (0) 207 960 2991
Gideon Hymas, Consultant, Maitland Green Communications – email@example.com Tel: +44 (0)7584 643 000
The Climate Group is an international non-profit organization, founded in 2004, with offices in London, Beijing New Delhi and New York. Our mission is to accelerate climate action. Our goal is a world of under 2C of global warming and greater prosperity for all, without delay. We do this by bringing together powerful networks of business and governments that shift global markets and policies. We act as a catalyst to take innovation and solutions to scale, using the power of communications to build ambition and pace. We focus on the greatest global opportunities for change. Our business campaigns RE100 (renewable electricity), EP100 (energy productivity) and EV100 (electric vehicles), brought to you as part of the We Mean Business coalition, help companies to reduce emissions, enhance resilience, and boost the bottom line. They champion leadership, encourage the sharing of best practice, and tackle barriers to action. Visit TheClimateGroup.org and follow us on Twitter @ClimateGroup and Facebook @TheClimateGroup.
Led by The Climate Group in partnership with CDP, RE100 is a collaborative initiative uniting the world’s most influential businesses committed to 100% renewable power. Renewables are a smart business decision, providing greater control over energy costs and driving innovation, while helping companies to deliver on emission reduction goals. RE100 members, including Global Fortune 500 companies, have a total revenue of over US$2.75 trillion and operate in a diverse range of sectors – from Information Technology to automobile manufacturing. Together, they send a powerful signal to policymakers and investors to accelerate the transition to a low carbon economy. Visit RE100.org and follow us on Twitter @theRE100 #RE100.
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$100 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 6,300 companies with some 55% of global market capitalization disclosed environmental data through CDP in 2017. This is in addition to the over 500 cities and 100 states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Please visit www.cdp.net or follow us @CDP to find out more.
The Climate Group is proud to announce the 10th Anniversary of Climate Week NYC. Taking place at a critical point in the global response to climate change, join us on September 24-30, 2018 in New York City, to accelerate real action.
At the annual global summit, which was founded in 2009 by The Climate Group, witness how businesses and governments around the world are making efforts to deliver – at a greater scale than ever before – the Paris Agreement on climate.
Hear from key US and international actors, who will be in NYC making their request to the UN and nation states to step-up their commitments. Be part of climate history.
To sponsor, partner, host an event or find out more about how you can get involved, contact us.
Climate Week NYC 2017 saw unprecedented international media coverage, high-level speakers and attendees from around the world, and 140 affiliate events across the city - our highest number yet. See highlights from 2017.
We look forward to celebrating the tenth annual Climate Week NYC with you in 2018.
More information coming soon.
Climate Week NYC 2017 brought together global leaders from business and government across New York City from September 18-24 to showcase the unstoppable force for action on climate change. Over 140 official affiliate events were also hosted throughout the week in a powerful show of support for the Paris Agreement and the UN Sustainable Development Goals.
In this blog, Helen Clarkson, CEO, The Climate Group, looks at the key takeaways from this year's summit.
I’ve just returned from my first Climate Week NYC as CEO of The Climate Group, which was hectic, exhilarating, and the source of a lot of renewed optimism and ambition for us as an organization.
This year’s summit was particularly timely. With President Trump’s announcement on the US withdrawal from the Paris Agreement in June swiftly followed by a season of extreme hurricanes, the climate is firmly in the news.
Richard Branson, Founder, Virgin Group, participated at the Climate Week NYC 2017 Opening Ceremony
But across Climate Week NYC, September 18-24, 2017 we didn’t dwell on the US federal government. Instead, we focused on the wealth of action taking place.
On the Monday, we launched a report authored by NewClimate Institute and The Climate Group, powered by CDPdata, which showed that the commitments from cities and businesses can take the US halfway to meeting its Paris commitment by 2025.
We also launched the Climate Optimist campaign, in partnership with Futerra, which aims to spread the word about climate action and focus on what is happening, rather than the doom and gloom.
The ambition of this campaign is to reach beyond the climate bubble, to those who know climate change is happening but don’t hear about action and solutions, and therefore feel despondent.
Clarkson launched the Climate Optimist campaign, in partnership with Futerra, which aims to spread the word about climate action
And then on the Tuesday we launched EV100, our new electric vehicles campaign, the latest in our suite of leading corporate low carbon initiatives. 10 companies were announced at the launch – including Chinese internet giant Baidu, HP, and LeasePlan – all with very different models and motivations for joining.
The commitment looks at either the corporate fleet (both purchased and leased) or charging infrastructure for staff and customers - and in some cases, both. At the event, The Climate Group was also announced as an official partner of Formula E.
The partnership will focus on championing EV100 to global businesses, building on Formula E’s global success in turning technology ambition into successful global sports events.
EV100 was launched at a special event which saw 10 members companies announced
In summary, the week demonstrated bold, ground-breaking action from companies, from the sub-national governments we work with, and many others from across the globe. We think that this amounts to an unstoppable force of action, whatever turns are taken by the White House. That’s reason to feel optimistic. We would like to say thank you again to all our Climate Week NYC 2017 sponsors.