EMR, a global recycler of plastics and metal, has become the world’s first recycling business to join all three of The Climate Group’s programmes – RE100, EV100 and EP100 – committing it to stretching green targets over the next 10 years. By 2030 the firm plans to switch all its sites to 100 per cent renewable electricity, electrify 100 per cent of its car and light commercial vehicle fleet and 50 per cent of its small heavy goods vehicles, and deliver a 10 per cent increase in enegy efficiency, it said.
It follows Taiwan semiconductor supplier TSMC’s announcement that it has joined the RE100 inititiave, pledging to reach 100 per cent renewable electricity by 2050. It is the world’s first semiconductor company to join any of The Climate Group’s initiatives, a move which could heap pressure on its competitors in the semiconductor industry – which include Samsung – to follow suit.
The latest commitments mean RE100 boasts more than 240 corporate members which have pledged to switch their operations to 100 per cent renewable power.
Taiwan has invested heavily in renewable energy in recent years, becoming a regional leader in offshore wind and setting a goal of generating 20 per cent of electricity from renewables by 2025. “Four years ago, TSMC joining RE100 in Taiwan seemed unthinkable,” said Nate Maynard a research associate at the Chung-hua Institution for Economic Research. “Now, thanks to strong policy foundations its possible for even Taiwan’s largest companies to join. Taiwan has already made a name for itself manufacturing for the world, and now as more companies join RE100 it can be known as a renewable energy hub.”
Source: Business Green
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