Latest Energy Procurement News and Industry Best Practices

European Data Center Becomes First to Use Vegetable Oil Fuel for its Generators

July 20, 2021July 19, 2021 by Emily Holbrook

Kao Data, a developer and operator of carrier neutral data centers for high performance colocation, has announced it has become the UK's first data center to transition all backup generators at its Harlow campus to HVO (hydrotreated vegetable oil) fuel.

Microsoft Announces New 100/100/0 Commitment By 2030

July 14, 2021July 28, 2021 by Harun Asad

Microsoft has announced that by 2030 the company will have 100% of its electricity consumption, 100% of the time, matched by zero carbon energy purchases. The move extends Microsoft’s existing commitment to execute power purchase agreements equivalent to 100% of its energy needs by 2025. Over the last 12 months, ... Read more »

Johnson Controls Launches New Offering: Net Zero Buildings As A Service

July 9, 2021July 14, 2021 by Harun Asad

Johnson Controls, a global leader in building management solutions, has announced the launch of OpenBlue Net Zero Buildings as a Service to help customers achieve their net-zero ambitions. To inform the new product strategy and development, Johnson Controls surveyed more than 1,000 firms in North America. Findings revealed that over ... Read more »

Porsche Demands 1,300 Suppliers Use Renewable Energy

July 7, 2021July 14, 2021 by Harun Asad

Bolstering its efforts to achieve ambitious emissions reduction goals, Porsche is requiring its nearly 1,300 suppliers to use renewable energy to manufacture its vehicle components. Porsche aims to be carbon neutral in its supply chain by 2030. Companies are increasingly doubling down on their supply chain sustainability efforts. For instance, ... Read more »

Yale Accelerates Carbon Reduction Targets, Creates New Divestment Policies

July 7, 2021July 14, 2021 by Harun Asad

As part of its ongoing sustainability plan, Yale University has announced it is accelerating its carbon reduction targets, aiming to be net zero by 2035, and actual zero (no offsets) by 2050. The University has also revamped the $31.2 billion Yale Endowment fossil fuel investment principles. Strategies to achieve the ... Read more »

Google First Ever Retail Store Built With Sustainability In Mind

June 29, 2021July 6, 2021 by Harun Asad

Earlier this month, Google opened its first-ever retail store in New York City. With sustainability as a cornerstone of Google’s business strategy, the new store was designed and constructed with the highest sustainability standards. From aesthetics to interactivity, the space was designed to be warm and inviting, while providing new ... Read more »

PSEG Accelerates Net Zero Goal to 2030

June 25, 2021July 6, 2021 by Harun Asad

At a time when there is an urgent need to step up sustainability efforts, Public Service Enterprise Group (PSEG) – one of the largest utilities in the U.S. – has accelerated its transition to net zero to 2030 from a previously stated 2050 timeline adopted in 2019, making the climate ... Read more »

BASF Commits €1.6 billion To Wind Farm HKZ, Supports Zero Emissions By 2050

June 24, 2021June 30, 2021 by Harun Asad

BASF and Vattenfall have signed a contract for the purchase of 49.5% of Vattenfall’s wind farm Hollandse Kust Zuid (HKZ). BASF will contribute around €1.6 billion to fund the project, which includes a purchase price of €0.3 billion plus construction costs. The transaction is expected to close in the fourth ... Read more »

Target Unveils New Sustainability Strategy

June 23, 2021June 30, 2021 by Harun Asad

Introducing what it called “a new era in sustainability for the company,” Target has launched Target Forward, a sustainability strategy that includes both new and previously announced environmental and social responsibility goals. Target Forward encompasses three overarching commitments: to design and elevate sustainable brands, to eliminate waste, and to accelerate ... Read more »

IKEA Accelerates Suppliers’ Shift to 100% Renewables

June 21, 2021June 30, 2021 by Harun Asad

In another sign of the increasing importance of supply chain sustainability, IKEA has launched a new supplier program that will allow its 1,600 suppliers to consume 100% renewable electricity in their production. About two-thirds of IKEA’s climate footprint is connected to the supply chain. The program will be introduced in ... Read more »

National Grid Embeds Carbon Pricing Into Investment Decisions To Achieve Net Zero Goals

June 8, 2021June 10, 2021 by Harun Asad

Historically, many enterprises have not factored environmental and social externalities, such as effects on global warming, into their business models. Using an internal carbon price is one way companies can address this deficiency. National Grid, a global energy and utility company headquartered in the UK, has begun using carbon pricing ... Read more »

Sustainability Bonds Surge, Could Hit $650B in 2021

June 3, 2021June 10, 2021 by Harun Asad

Originating from green bonds – now a trillion dollar industry – sustainability bonds have been growing rapidly as a way to fund key issues, including COVID-19 vaccines, climate change, biodiversity, energy efficiency measures, and more. In 2020, the sustainability bond market increased eightfold, according to data provider Refinitiv. In the ... Read more »

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