Velux joins the RE100 initiative which brings together companies committed to using 100% renewable electricity

RE100 is a global initiative led by The Climate Group in partnership with CDP, two international non-profit organizations. This initiative now brings together more than 260 of the world's most influential companies, committed to using 100% renewable energy in more than 140 markets around the world.

“The planet is facing a serious climate and biodiversity crisis, which requires exceptional measures. In accordance with our company values, we always seek to do more than the majority of companies; that's why we joined RE100 as part of our commitment to achieve lifetime carbon neutrality, taking responsibility not only for our future, but also for our historic carbon footprint. By joining RE100, we are committed to sourcing 100% renewable electricity by 2023 ”, said David Briggs, CEO of the VELUX Group.

All this is part of the new “Sustainability Strategy 2030” of the VELUX Group, which is committed to considerably reducing its future carbon emissions by following the most ambitious path of 1,5 ° C targeted by the SBTi initiative (scope 1, 2 and 3) and to capture the equivalent of its historical carbon footprint since its creation in 1941 - i.e. 5,6 million tonnes of CO2. Achieving this goal is based on forest and biodiversity preservation projects developed to fight climate change and stop the destruction of natural habitats. By 2030, VELUX will be a carbon neutral company (scope 1 and 2) and will have halved the CO2 emissions of its entire value chain (scope 3). Using 100% renewable electricity will help the company, along with other measures, to achieve its 2030 goal of carbon neutrality.

In addition, on the occasion of New York Climate Week, leading companies joined the RE100 initiative, including PepsiCo (agri-food, United States), Intel (information technology, United States ), Asics (clothing, Japan), Sanofi (health, France), SKF (bearings and seals, Sweden) and McCain (food industry, United Kingdom).

Collectively, the members of the RE100 initiative create sufficient demand for renewable electricity to power a G20 country. According to BloombergNEF (BNEF) estimates, they will need to invest more than $ 98 billion in clean energy to meet their RE100 goals, a vast source of funding to rebuild a green economy.

“I am delighted to see more and more companies leading the way in 100% renewable energy. COVID-19 is not holding them back; clean energy is here to stay and now is the time to invest ”said Helen Clarkson, Managing Director, The Climate Group.