It #ClimateWeek and every day I am proud to work in a company that takes action against climate change. Accenture is committed to using 100% renewable energy in our global businesses by 2023. Learn more. @accenture #csr In reality, companies and power producers are basically looking for the same thing. Both want a more open and collaborative approach, coupled with the willingness to give and adopt contractual terms in order to generate mutual benefits. Given our global reach, it also offers us the opportunity to play a convening role in our ecosystem of partners and suppliers and to negotiate collective agreements with energy suppliers. We believe that these joint efforts are necessary to combat climate change. The shift to renewable energy, which can be replenished naturally, such as sun and wind, is key to achieving our science-based goal of reducing our greenhouse gas emissions by 11% by 2025 compared to our 2016 starting levels, with a 65% reduction in our Scope 1 and Scope 2 emissions. Today, Accenture took another important step on the road to the environment – we are committed to using 100% renewable energy in our global businesses by 2023.
Since electricity is one of the largest sources of our carbon emissions at our sites, the use of renewable energy is an essential step towards reducing our carbon footprint. The shift to renewable energy, which can be replenished naturally, such as sun and wind, is key to achieving our science-based goal of reducing our greenhouse gas emissions by 11% by 2025 compared to our 2016 starting levels, with a 65% reduction in our Scope 1 and Scope 2 emissions. An APA (Power Purchase Agreement) is a long-term contract between a renewable developer and a consumer for the purchase of energy. The Iberdrola Group has extensive experience in this sector in countries such as the United States, Mexico and Spain. Simply put, by 2023, we will use 100% renewable energy at all our sites around the world. Right now, we`re about a quarter of the way – about 24% of our energy comes from renewable sources in fiscal 2018 – and if we look at our goal, we`re confident in our strategy to get there. We will focus on centralizing our energy purchases and negotiating power purchase agreements (PPAs) focused on renewable energy. To achieve our goal of 100% renewable energy, we will focus on centralizing our energy purchases and negotiating renewable power purchase agreements. In markets where the renewable energy developer does not have a retail license and the customer wants a physical ECA, an agreement may be entered into with a local retailer to transfer to the customer the terms of the ECA signed between the customer and the renewable energy developer. With the increase in electricity generation from renewable energy sources, falling renewable energy prices and an increased desire for decarbonisation, companies` power purchase agreements (PPAs) are becoming more frequent. These agreements between a commercial and industrial (C&I) customer and an electricity producer require the buyer to withdraw all power from a renewable generation asset over an agreed period, thus excluding the energy retail intermediary. According to BloombergNEF`s latest Corporate Energy Market Outlook, companies around the world bought a record amount of clean energy in 2019 through PPAs.