Henkel accelerates climate action and renewable energy usage
On the way to becoming a climate-positive company, Henkel has signed a large-scale virtual power purchase agreement (VPPA) relating to a new wind farm in Bee County, Texas. The agreed capacity equals 100 percent of the electricity demand of Henkel’s operations in the US, which comprise more than 30 production sites across the country. The long-term commitment contributes to increasing the share of renewable energy in the grid and supports Henkel to reach its climate protection targets, which were approved by the “Science Based Targets initiative” earlier this year.
In order to reach its goal to source 100 percent renewable electricity for its production sites by 2030, Henkel follows a combination of on-site production of green energy, direct purchase, and virtual coverage. This involves, for example, entering into long-term VPPAs that feed power from specific renewable energy plants into the supply grid – in an amount that is equal to the amount consumed. Thus, Henkel contributes to creating additional renewable energy generation capacity by way of its green power purchase.
Innovative approach to sourcing sustainable electricity
“At Henkel, we want to make a positive contribution to climate protection and further accelerate our efforts. Based on our strong achievements, we have reaffirmed our commitment to become climate-positive by 2040. The power purchase agreement demonstrates how we can drive tangible progress towards achieving our ambitious targets,” explained Sylvie Nicol, Member of the Henkel Management Board responsible for Human Resources and Sustainability.
“We are proud of having entered into a large-scale VPPA in the US market, which marks a true milestone and significantly strengthens Henkel’s contribution to climate protection. Thanks to the excellent collaboration of our Purchasing and Finance teams we demonstrated our ability of taking innovative approaches to sourcing sustainable energy. For us, this is both an achievement and a motivation to evaluate further potential of such concepts as contribution to our sustainability agenda,” said Marco Swoboda, Chief Financial Officer at Henkel.
Related news
K&H sustainability index: there are more good intentions, but actions are still to be taken
According to the latest data from a representative survey conducted…
Read more >Lidl holds on to its market leader position – they celebrated 20 years in Hungary last year
Last year Lidl celebrated 20 years in Hungary by investing…
Read more >Dm invests in technological development, store network and employee training
Focus on supporting and training employees Supporting employees and creating a…
Read more >Related news
Rossmann has exploded onto the e-commerce top list
Rossmann is included for the first time in the 2024…
Read more >75 years of passion, performance and innovation – Shell and Scuderia Ferrari celebrate HP’s iconic partnership worldwide
This year, Shell celebrates the 75th anniversary of its legendary…
Read more >The country’s first indoor antenna system, which provides access to the 5G networks of all three mobile providers, was inaugurated in Allee
The multi-carrier indoor network is unique in the country, and…
Read more >