Unilever Power Purchase Agreement

The company said that 38% of the grid electricity was delivered through enterprise electricity purchase agreements (PPAs) and green electricity tariffs. „In cases where this has not been possible, Unilever has acquired Renewable Energy Certificates (RECs) – openly negotiated certificates related to the production of electricity from renewable sources,“ Unilever said in a statement. Unilever has taken an „important step“ towards its goal of becoming a carbon-neutral company by 2030, the company said today, announcing that its plants, offices, research and development facilities, data centers, warehouses and distribution centres on five continents were now 100% powered by electricity generated from renewable sources. The GIC giant adds that there were no „net costs to pay“ to get to this point and explains that the savings the company was able to achieve through mechanisms such as power purchase agreements (PPAs) offset additional costs. The company met its renewable energy targets a few months earlier, after pledging to buy all renewable energy purchased from the grids by 2020. As part of our efforts to achieve this goal, we have worked with partners around the world to produce renewable electricity at our own sites, with solar power currently being used in Unilever facilities in 18 countries. In fact, we now have 16 production sites that are totally carbon neutral in their energy consumption. Unilever had an overall target of 100% renewable electricity by 2020. In January 2020, Unilever australia joined Unilever worldwide to increase 100% renewable electricity to power all of its business. If this is not possible, we have acquired Renewable Electricity Certificates (RECs). A REC is an openly negotiated certificate indicating that one party produced renewable electricity and then sold it to another party who is „retiring“ to show that they have used it.

I am pleased to inform you that Unilever has taken another important step towards a carbon-neutral company. We supply our activities on five continents with 100% renewable energy. All of our plants, offices, research and development facilities, data centres, warehouses and distribution centres – in Africa, Asia, Europe, Latin America and North America – are now 100% powered by electricity generated from renewable sources. We are members of the GLOBAL RE100 campaign, a collaborative initiative that brings together more than 190 of the world`s most influential companies, who are 100% committed to renewable energy.