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Published on March 26th, 2016 | by Guest Contributor

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Sky & Bloomberg Join #RE100, Pledge 100% Renewable Electricity

March 26th, 2016 by  


Originally published on Sustainnovate.

Bloomberg & Sky Pledge To Go 100% Renewables As Part Of RE100 Campaign

Two of the larger media companies out there currently, Sky and Bloomberg, have both pledged to go “100% renewable” as part of the RE100 initiative, according to recent statements.

The exact commitments revealed by the companies are: that Sky will source 100% renewable electricity by the year 2020 “where available;” and that Bloomberg will purchase only renewable electricity by the year 2025.

According the company, Sky is already sourcing the majority of its electricity globally from renewable energy generation sources. For instance, in Ireland and in the UK, the company sources much of its electricity from on-site generation or renewables tariffs. The plan is to roll this approach out across the European market.

The head of responsible business at Sky, Fiona Ball, commented in an interview with RE100: “We wanted to show leadership and whilst committing to a bold and challenging target, we wanted to also recognize the business case and show that acting responsibly, and being successful commercially go hand-in-hand. We can demonstrate the benefit of doing the right thing and leading by example, whilst also making our energy supply more resilient.”

Bloomberg, on the other hand, is currently fast increasing its use of renewables generated electricity — with the plan being to source at least 35% of its electricity from renewables by 2020, and a full 100% by 2025.

A company rep said that expectations were that 21% of the company’s electricity would be sourced from renewables by the end of 2017.

Interestingly, the company is working to move away from renewable energy credits, and instead working mostly on onsite (or near-site) renewables generation development.

The global head of sustainable business and finance at Bloomberg, Curtis Ravenel, commented in a recent public statement: “RE100 convinced us that they had gathered a strong coalition of committed companies, dedicated to real outcomes. That’s exciting to us. Collaborating with other companies who are demonstrating that distributed clean energy makes business sense will allow all of us to have a greater impact in bringing other companies along.” 
 
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