The Climate Group launches new energy efficiency initiative
New programme will encourage major international companies to double their energy productivity
The Climate Group has launched a new programme to encourage major international companies to double their energy productivity.
The EP100 initiative was originally announced in April and welcomed Mahindra & Mahindra, the world’s largest manufacturer of tractors, as its first partner.
The company has pledged to double its energy productivity by 2030 compared to the baseline of 2008.
The Climate Group welcomed two new members to the EP100 this week at the Energy Efficiency Global Forum (EE Global).
Johnson Controls, the battery and HVAC equipment manufacturer, and Covestro AG, which supplies high-tech polymers, were confirmed as new partners.
Johnson has pledged to double its energy productivity by 2030 compared to 2009, and Covestro also plans to double its energy productivity by 2030 compared to 2005.
Rachel Kyte, EP100 Executive Committee member and World Bank Vice President, said: “Energy productivity is a critical component of our new energy future… Less than six months after the Paris Agreement, leading businesses are continuing to take the ambitious climate action the economy needs.”
Ms Kyte (pictured), who is also CEO of the UN Secretary-General’s Sustainable Energy for All (SE4All) campaign, added: “By publicly committing to double their energy productivity, these global companies are seizing the clear potential to cut energy costs, enhance profitability and avoid fluctuating energy shocks. EP100 is a step forward for bold business action – while setting us on course to achieve the world’s shared goals of sustainable, efficient energy for all.”
EP100 is designed to align “energy efficiency more directly with business growth and development objectives.”