Corporate Clean Energy Procurement Index 2020
Businesses’ ability to purchase or produce renewable electricity (RE)—by purchasing through their electric utility, purchasing through a third party, or building their own generation facilities—continues to expand.
As of January 2020, nearly half of Fortune 500 companies have made public renewable energy, greenhouse gas (GhG), or energy efficiency commitments. Among Fortune 100 companies, 63% have adopted a public RE commitment. Additionally, RE100—a global corporate leadership initiative bringing together businesses committed to 100% RE—now includes over 200 companies (including many retailers) with 100% RE commitments, with 2028 as the average target date for companies to achieve their goals. One in three RE100 companies have already achieved at least 75% RE.
About the Report
The first Corporate Clean Energy Procurement Index: State Leadership & Rankings was published in 2017 and helped guide companies in their efforts to boost commercial and industrial (C&I) renewable electricity (RE) usage across their operations in the United States.
In the three years since the index’s initial analysis and publication, state-level RE markets have undergone dramatic evolutions on multiple fronts, including: commercial development, utility engagement, advances in RE technology and development economics, state-level policy frameworks, substantial growth in voluntary C&I RE purchases, and an evolution in buyer experience, sophistication, and expectations. These market changes have created an opportunity to refine and update the index for 2020 and provide companies with the granular insights that they need to make effective RE sourcing decisions across their U.S. operations.
While developed by RILA, this index is broadly applicable to many stakeholders, including other business sectors, the military, higher education institutions, and state and local governments. While the index has many potential uses, one key purpose is to assist RE buyers in selecting states with favorable RE policy conditions and to assist policymakers and RE buyers in advancing policies that help, rather than hinder, RE development.
Companies interested in learning more about the report and how they can help support renewable energy market competition across states can contact Joe Rinzel, Executive Director of the Employers for Renewable Energy (ERE) Coalition or Erin Hiatt, Senior Director of Sustainability & Innovation with RILA.
Overall Index Findings
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