RE100 companies are up to 7.7% more profitable than their competitors.
That’s the suggestion made in a new report from the sustainable initiative in collaboration with Capgemini, which surveyed around 3,500 companies to assess the effect environmentally-minded corporate growth strategies have on financial figures.
It shows the firms committed to using 100% renewable electricity consistently perform better than non- RE100 members on two key indicators – net profit margins and Earnings Before Interests and Taxes (EBIT).
The difference can be seen across all sectors but is most prominent in IT, telecommunications, construction and real estate industries.
The RE100 now has 152 members, representing more than $3.8 trillion (£2.9tn) in revenue – recent signatories include Decathlon, Mahindra Holidays & Resorts India and Lyft.
Emma Woolley, Project Manager for Renewable Energy at Decathlon, said: “Decathlon is really proud to join RE100. We look forward to learning from, sharing and working with other companies to make renewable energy more accessible.
“By doing our part to combat climate change, we are protecting the natural environment where people play sport. We hope our commitment enables other companies to do the same.”