Emerson Joins RE100, Targeting 100% Renewable Electricity by 2030
July 18 2022 - 10:00AM
Business Wire
Renewable electricity to play key role in
Emerson’s net zero emissions goals
Emerson (NYSE: EMR), a global leader in technology and software
solutions, has joined RE100, a global initiative bringing together
businesses committed to 100% renewable electricity. This alignment
with other sustainability pioneers in the effort led by Climate
Group, in partnership with CDP, is the latest step in Emerson’s
plan to source 100% renewable electricity by 2030.
To achieve this 2030 target, Emerson will leverage a broad range
of renewable energy sources, including solar, wind, geothermal and
hydropower. Due to recent efforts in the renewables procurement
space, Emerson anticipates sourcing 25% of its global electricity
usage from renewable sources in 2022. The company has also
installed on-site renewable electricity generation systems at
several facilities worldwide and will expand implementation of
these systems going forward.
“Emerson's renewable energy strategy will play an important role
in our goal to reach net zero operations by 2030,” said Mike Train,
Emerson’s Chief Sustainability Officer. “Our engagement with RE100
enhances Emerson’s ability to drive further investment in renewable
electricity and support the overall decarbonization of the grid in
the key markets we operate in, such as the U.S., Mexico, Europe,
China and India.”
As part of the company’s net zero operations objective, Emerson
is targeting 100% renewable electricity coverage from contracted
electricity sources and on-site generation assets. Electricity
usage drives approximately 75% of Emerson’s Scope 1 and 2
emissions.
“We are delighted to welcome Emerson to RE100,” said Sam
Kimmins, Director of Energy at Climate Group. “By committing to
100% renewable electricity by 2030, Emerson joins over 300 of the
world’s leading businesses committed to driving market change. This
sends a powerful message that renewable electricity makes good
business sense, and we encourage others to follow.”
In 2021, Emerson established its Energy Sourcing Committee to
increase the company’s use of renewable electricity, collaborating
globally to evaluate and implement renewable energy purchases.
Emerson also works with third-party energy specialists active in
energy markets to identify emerging opportunities.
To learn more about Emerson’s environmental sustainability
strategy and see the company’s latest Environmental, Social and
Governance Report, please visit Emerson.com/ESG.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA),
is a global technology and software company providing innovative
solutions for customers in industrial, commercial and residential
markets. Our Automation Solutions business helps process, hybrid
and discrete manufacturers maximize production and protect
personnel and the environment while optimizing their energy and
operating costs. Our Commercial and Residential Solutions business
helps ensure human comfort and health, protect food quality and
safety, advance energy efficiency and create sustainable
infrastructure. For more information, visit Emerson.com.
About RE100
RE100 is a global initiative bringing together the world’s most
influential businesses committed to 100% renewable electricity. Led
by Climate Group, in partnership with CDP, our mission is to drive
change towards 100% renewable grids, both through the direct
investments of our members, and by working with policymakers to
accelerate the transition to a clean economy. The initiative has
over 370 members, ranging from household brands to critical
infrastructure and heavy industry suppliers. With a total revenue
of over US$6.6 trillion, our members represent 1.5% of global
electricity consumption, an annual electricity demand higher than
that of the UK.
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