P1.1: GHG Emissions and Energy Efficiency
CERES ROADMAP EXPECTATION
|Companies will reduce GHG emissions by 25% from their 2005 baseline by 2020, by improving energy efficiency of operations by at least 50%, reducing electricity demand by at least 15% and obtaining at least 30% of energy from renewable sources.3|
|Exelon's Bill Brady, Director of Environmental Strategy, talks about how the company is setting and meeting energy efficiency and GHG emission reduction targets. Read more and watch the interview...
Check out Roadmap in Action for more examples of how companies are implementing the Ceres Roadmap.
The urgency of mitigating and addressing the impacts of global climate change is greater than ever before. The Ceres Roadmap expectations are aligned with the scientific targets recommended by the Intergovernmental Panel on Climate Change (IPCC) that call for the U.S. to achieve reductions of 80 percent below 1990 baseline levels by 2050. To hit that target, companies should be moving now to implement comprehensive climate change strategies that tangibly reduce emissions by improving energy efficiency and sourcing renewable energy.
While energy efficiency and conservation, renewable energy production or procurement should be pursued first, carbon reduction strategies can be supplemented with purchase of verified Renewable Energy Credits or Certificates (RECs), which represent a fixed amount of energy generated from renewable sources, or carbon offsets that signify actual reductions in GHG emissions.
HOW ARE COMPANIES PERFORMING?
In The Road to 2020: Corporate Progress on The Ceres Roadmap For Sustainability, we evaluated 600 of the largest U.S. companies on their progress towards meeting the expectations laid forth in The Ceres Roadmap for Sustainability. Using data compiled and analyzed by Sustainalytics, a cross-section of indicators was used to assess not only if companies have programs and targets in place to reduce GHG emissions and increase renewable energy procurement, but also to determine whether those programs are having an impact.
In some locations, companies are finding it advantageous to invest in onsite renewable energy generation projects. For example, Darden Restaurants recently unveiled a 1.1 megawatt solar panel installation on the rooftop of its Restaurant Support Center in Orlando. The largest private solar array in Florida, the system will generate enough power to subsidize 15 to 20 percent of the building’s annual usage.
Click on a performance tier below to view more information about how companies are performing.