Before 2020 Citibank only wants to consume renewable energy

Renewable bank

Citibank announced a few days ago its goal of covering 100% of its energy consumption with renewable energy in 2020, as part of its commitment to reduce the environmental impact of its operations.

“We are committed to using renewable energy to meet the energy needs of all our operations, while continuing to provide for projects related to energy efficiency and clean energy for our clients, "said Citibank CEO Michael Corbat.

Citibank

To accelerate the energy transition and focus on efficiency as a "critical" component of its strategy, Citi explained that it will consider generate electricity 'on-site', carry out purchase agreements for intensive power generation facilities, such as data centers, in addition to the appropriate use of renewable energy credits.

In this way, the entity highlighted that its new world headquarters in New York, still under construction, has been chosen to obtain the LEED Platinum rating, the highest level granted by the Green Building Council of the USA.

In addition, one of its main data centers, located in Texas, already works at 50% with renewable energy, thanks to a contract signed with Green-e, in this way avoid price fluctuations, since they buy electricity with contracts of 15 or 20 years.

lower solar energy investment costs

According to Citi's Chief Technology Officer Don Callahan. "With a focus on innovation and efficiency, we continue to challenge ourselves to improve our facilities and operations around the world." In the same way, it indicated that Citibank is in search of new alliances to meet "this ambitious goal."

According to data from the entity, since 2005 it has managed to increase its energy efficiency by 25%, reduce water use by 20%, divert 61% of waste, as well as expand its real estate portfolio with LEED certification to twenty%.

But Citibank is not the only company that is starting to get on the renewables bandwagon, below we name some of them

APPLE

Lead the world of innovation with your iPhone, iPad, Mac, Apple Watch, and Apple TV devices. The company operates in 23 countries with 100% renewable energy. In 2015, 93% of its electricity came from renewable sources and Apple is committed to reach 100%. It is also helping its manufacturing partners decrease their carbon footprint, working hand-in-hand to install more than 4 gigawatts of new clean energy globally by 2020.

Apple Store

BANK OF AMERICA

The goal of this North American bank for 2020 is to use 100% of the energy it uses to be renewable. To do this, it already works with the installation of solar panels and uses Certificates of Renewable Energy (RECs) of wind in the data centers in its offices in Texas.

“We believe that addressing climate change will require a collective effort. We need to mobilize our resources and find solutions while taking advantage of greener business opportunities. As part of our effort to be an investment leader in clean energy, we have committed to $ 125,000 billion in financing for low-carbon and sustainable businesses by 2025, ”said Alex Liftman, the group's global environmental executive, on the RE100 site.

COCA COLA

The soft drink company has an ambitious goal: to reduce the carbon footprint in its main operations (manufacturing, distribution and refrigeration) by 50% by 2020.

“We are aiming to reduce emissions throughout our value chain. The use of renewable electricity is critical to this transition and to a low-carbon economy in the future, ”wrote Chris Childs, who leads the company's Energy and Climate Change Steering Group, in RE100.

GENERAL MOTORS

The automaker plans to meet all the electricity needs of its 350 operations in 59 countries with renewable energy by 2050. This goal, along with the push for electric vehicles, is part of the company's approach to strengthen your business, improve communities and address climate change, according to the company.

electric car charging point

MARS

The owner of M & M's, Snickers, and pet food chocolates such as Whiskas and Pedigree, focuses on reducing carbon emissions in its own operations and is gradually increasing the supply of renewable energy to its sites around the world, with the goal that 100% of the energy consumption it uses will be free of fossil fuels by 2040.

Bankia

Nexus Energy will supply 100% renewable electricity to Bankia, supplying a total of 2.398 supply points, between buildings head offices and branches, with an annual consumption of more than 87 GWh. Nexus Energía presented one of the most competitive offer at an economic and technical level, thanks to its multipoint optimization and management tools.

The determining aspect was the optimization work carried out for all Bankia headquarters and branches, which will mean important savings to the bank. In addition, the electricity company carried out an exhaustive study of each supply point to find its real needs for electrical energy.

English court

El Cutting English has reduced more than 4% its best before date electric during 2016. This figure represents a fall of almost 25% based on 2008.

For the distribution giant, it translates into efficiency in energy management as one of its main strategies environmental. Its objective is to optimize the best before date electric and prioritize lighting, commercial refrigeration, control systems and air conditioning.

Among the measures adopted, the group has promoted its plan to renovate the lighting of shopping centers with the implementation of LED , replacing almost 160.000 luminaires.

As for commercial cold, the company has opted to continue providing doors to furniture with refrigerated and frozen products, with the aim of making them more efficient from the point of view energetic.

Caixabank

CaixaBank has helped start up a biomass cogeneration plant in Viñales (Chile), as a way to offset the CO₂ emissions derived from its activity during the past year. Calculating your carbon footprint and supporting projects that contribute to neutralize it It is one of the actions that materializes CaixaBank's commitment to preserving the environment and fighting climate change.


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