RE100 2022 Annual Disclosure reportClimate Group, CDP
The energy crisis of 2022 and policy responses to it demonstrated that renewable energy is needed now more than ever – but governments need to reduce barriers for corporate buyers. Business and policymakers must continue to show ambition and accelerate action so that the energy sector plays its part in the world halving emissions by 2030.
RE100, led by Climate Group in partnership with CDP, and supported by We Mean Business Coalition, has a mission to accelerate change towards zero carbon grids at scale. The initiative brings together hundreds of large and ambitious businesses committed to procuring 100% renewable electricity.
2022’s Annual Disclosure report revealed that:
- RE100 members continue to deliver on renewable electricity procurement, despite the ongoing energy crisis and persistent barriers in many developing electricity markets.
- The average target year of the RE100 initiative for companies aspiring to 100% renewable energy has been pushed back, during a year marked by a mounting energy crisis and ongoing barriers to renewable energy procurement.
- Despite challenges, RE100 member companies now report consuming 49% renewable electricity in 2021, up from 45% in 2020, and 41% in 2019.