cover image: Navigating the nuances of corporate renewable electricity procurement: Spotlight on Fashion and Tech

20.500.12592/tht7cbb

Navigating the nuances of corporate renewable electricity procurement: Spotlight on Fashion and Tech

7 Jan 2024

Due to the fragmentation, inconsistency and ambiguity of some of the information provided by the assessed companies, as well as the fact that the authors did not seek to validate the public self-reported information provided by those companies, the authors cannot guarantee the factual accuracy of all information presented in this report. [...] We identify and focus in particular on three overarching issues: Procurement constructs for renewable electricity Strategies for renewable electricity in the supply chain Figure 2 presents a simplified summary of the range of For many companies, electricity consumption in the renewable electricity procurement constructs that companies supply chain is a more significant emission source than the pur. [...] This may complementary package of measures to support and significantly limit the impact of Apple’s renewable electricity encourage suppliers to procure renewable electricity, target for suppliers, since suppliers may reallocate the although the target “to transition the entire manufacturing renewable portion of their electricity between contractors; supply chain to 100% renewable electricity by 2. [...] While the tools developed by the GHG Protocol, RE100, SBTi and the CDP may have been well placed to promote awareness of corporate renewable electricity procurement at the point of their design, the level of detail and differentiation no longer reflects the landscape of corporate renewable electricity strategies that we see from major companies today. [...] 6.3 Recommendations for more nuanced guidelines and criteria We offer the following recommendations for the revision of key initiatives guidelines and criteria, based on the findings of our analysis: 6.3.1 Consistency in definition and scope of 100% renewable electricity claims Section 1 demonstrated that there is a lack of consistency in the meaning of 100% renewable electricity claims.

Authors

NewClimate Institute

Pages
82
Published in
Germany