Barclays pledges to source 100% renewable electricity by 2030. In order to reach the new target, the company will sign a series of power purchase agreements (PPAs) with energy suppliers that own or operate external wind and solar projects across its two main markets – the UK and the US. These two markets account for 70% of the company’s total energy consumption. Barclays has made the new commitment after joining The Climate Group’s RE100 initiative, which has garnered the support of more than 170 companies to date. This week has also seen Australian insurance major QBE join the RE100, setting its 100% renewable electricity target for 2025.
Edie 6th June 2019 read more »