Companies committed to sourcing 100% renewable electricity through the RE100 initiative are outperforming their peers in relation to net profit margins and earnings before tax, a new report from The Climate Group has found. Sampling data from 3,500 companies, the report found that RE100 members are performing better than non-members across the two key financial indicators. The difference in performance ranges from 0.3% to 7.7% across both net profit margins and earnings before interests and taxes (EBIT). According to the report, produced in partnership with Capgemini Invent, RE100 members are “re-writing the rulebook of renewable electricity sourcing”. The difference in performance is most prominent across the IT, telecoms, construction and real estate sectors.
Edie 25th Sept 2018 read more »