Novo Nordisk has joined RE100 with an ambition to use 100% renewable electricity at all its global production sites by 2020. By joining the RE100, Novo Nordisk together with more than 50 global companies, is working to increase corporate demand for renewable energy.
“Switching to renewable electricity is a strategy that aims to reduce long-term costs and contributes to global climate change goals,” says Dorethe Nielsen, senior director for Corporate Environmental Management at Novo Nordisk. “We know that as more companies invest in renewable power, green technology is likely to get more efficient, less costly and become a more attractive power source.”
Novo Nordisk’s renewable energy ambition is global and covers all the company’s production sites. Since 2007, the company’s production sites in Denmark, Brazil, Japan and most recently China have been using electricity from renewable sources. In October, Novo Nordisk’s production site in Tianjin, China signed an agreement on purchasing electricity from a wind farm in Inner Mongolia.
The company’s production sites in the US, France, Russia and Algeria will enter renewable electricity agreements going forward.
For production sites in some countries, the company’s preferred solution of sourcing on-site renewable energy is not feasible due to location and space available. This means that some production sites are dependent on the electrical grid owners to supply the energy.
RE100 is a collaborative initiative of influential businesses committed to 100% renewable electricity, working to massively increase corporate demand for renewable energy. Companies joining RE100 are encouraged to set a public goal to procure 100% of their electricity from renewable sources of energy by a specified year.
The private sector accounts for more than half of the world’s electricity consumption. Switching this demand to renewables will accelerate the transformation of the global energy market and aid the transition to a low carbon economy. RE100 is led by The Climate Group in partnership with CDP, as part of the We Mean Business coalition.