Power Forward, a report commissioned by Calvert Investments, Ceres, and WWF, claims that 59% of the Fortune 100 and nearly 2/3rds of the Global 100 have invested in setting GHG reduction commitments, renewable commitments, or both. And of those companies, two-dozen have set open renewable energy commitments to be critically watched and accounted for by you and me. Yes, the sharpest pencils in the bunch are maneuvering their businesses by investing their time and resources in clean energy.
Here are four business giants that are doing well by doing good in the clean energy sector:
General Motors: **
In its sustainability initiative, GM set the goal of using 125 MW of renewable energy by 2020.
SEIA, the US trade association for solar energy, ranked GM as the #1 US automotive solar user of 2012. In January 2013, GM became a SEIA member; joining over 1,000 other US companies backing solar power.
Among its various automobile related cleantech investments, GM invested in solar charging canopies for GM facilities and Chevrolet dealerships.
In its environmental sustainability initiative, Walmart set the goal to go 100% renewable energy.
Currently, they have over 180 renewable energy projects around the world in operation or under development. These projects provide over 1 Billion kW hours of renewable energy annually.
In their Google Green initiative, Google set the goal to power their operations with 100% renewable energy.
Currently, they use renewable energy to power 30% of their operations by means of cleantech pilots on their campuses, PPAs, and relationships created with utility providers.
To date, they have invested over $1 Billion in wind and solar power projects around the world. This includes investing in large scale clean energy projects as well as investing in cleantech companies, such as Clean Power Finance and SolarCity.
Johnson & Johnson: *
In their Healthy Future 2015 initiative set in January 2011, Johnson & Johnson set a goal of 50 MW of on-site renewable energy capacity by 2015.
To date, they have already installed or are in the process of installing 38.7 MW which is a 49% increase to capacity in 2010.
When wind’s PTC was due to expire, Johnson & Johnson and 18 other companies spent time into advocating it’s extension.
You may have noticed that these are not energy companies choosing to set smart energy investment standards. They are companies that see a direct link between maintaining their mission and investing in a world with more clean energy resources. Clean energy is appearing in every part of our economy, and big companies are showing investment is necessary if they hope to be in business for decades to come.
* Fortune 100
** Both Fortune 100 and Global 100
About Jade Jones
Jade Jones is a Mosaic Fellow and part of the Mosaic Blog Leadership Team. She is an electrical engineering grad that swayed to cleantech after joining UCSB’s Engineers Without Borders chapter. Since graduating, she has worked with multiple organizations focused on advancing economic, environmental, and social prosperity.
Disclaimer: Any opinions expressed herein by persons not affiliated with Mosaic reflect the judgment of the author and not necessarily that of Mosaic. Nothing herein shall constitute or be construed as an offering of securities, or as investment advice or recommendations by Mosaic. Mosaic’s investments are limited to investors who meet applicable suitability standards based on income, net assets and state of residence. Please click here to learn more.
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