Renewable energy switch a ‘smart business decision’

Switching to renewable energy is a “smart decision” for businesses, some of the leading global firms have said. Companies such as Nestle and IKEA have joined a campaign that encourages […]

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By Priyanka Shrestha

Switching to renewable energy is a “smart decision” for businesses, some of the leading global firms have said.

Companies such as Nestle and IKEA have joined a campaign that encourages organisations to use power exclusively from renewable energy sources.

A total of 15 firms have so far committed to the RE100 initiative – which was launched in September last year – of using 100% renewable energy.

Steve Howard, Chief Sustainability Officer at the IKEA Group said: “Investing in renewable energy is good for business, the economy and the planet. Every business can benefit from making the switch to clean, abundant energy and RE100 is a call to action to accelerate this transition.”

A new report from The Climate Group, which started the initiative, found solar is the most popular renewable source for corporates while the construction and manufacturing sectors are the biggest renewable investors, “led by those in Europe”.

SGS, a global inspection, testing and certification company based in Switzerland and SAP, a German software firm have become the latest companies to join the initiative.