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World Future Energy Summit Focuses on Renewable Sources

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Published on : Jan 19, 2015

The World Future Energy Summit held in Abu Dhabi has showcased the intention and commitment of leading businesses for the use of 100% renewable power. Corporations who joined in the RE100 include Nestle and IKEA Group. RE100 - an effort of The Climate Groupin along with CDP - is a worldwide campaign that promotes companies to exclusively use power from renewable sources of energy.

On the opening day of the World Future Energy Summit, the first report of RE100 was launched. The report was titled “Renewable Power: The Journey to 100%” and was launched at an event that has been partnered with Masdar and the International Renewable Energy Agency or IRENA. Representatives of some of the top 15 companies who have signed up for RE100 highlighted the benefits of switching to renewable sources and the impact it has had on their businesses and the wider environment. 

Chief Sustainability Officer of IKEA Group Steve Howard said that investing in renewable is eventually great for the business, the overall economy, and the planet on the whole. It is for this reason that IKEA has committed to enable a 100% match of their energy use with their generation of renewable energy by the year 2020. The company has allotted EUR 1.5 billion for this purpose and to make it a reality. By switching to clean and abundant energy, every business can benefit and RE100 aims to accelerate this transition. 

Claus Conzelmann, who is the vice president as well as head of safety (health and environmental sustainability) at Nestle Group, said that RE100 has been completely aligned with the explicit commitment of Nestle and this commitment reflects the company’s respect for society, for the environment, and for all future generations. 

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