Retail and FMCG multinationals including Walmart, Johnson & Johnson and Procter & Gamble have teamed up with retailer Marks & Spencer in making commitments to use solely renewably obtained electricity by joining RE100, The Guardian reports.
P&G has made an initial pledge to acquire 30 per cent of its electrical power by 2020. Its vice president for global sustainability said, “Efforts like RE100 are key to helping scale efforts and allow peer-to-peer networking with like-minded companies.”
In all, 36 companies comprise RE100, which was founded in 2014.
Chief executive of the Climate Group, Mark Kenber, told the paper, “Lowering risk, protecting against price rises, saving millions and boosting brand is what shaping a low carbon economy is all about.
“Today these companies are signalling loud and clear to COP21 negotiators that forward-thinking businesses back renewables and want to see a strong climate deal in Paris.”
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.