Saturday, September 17, 2011

Green Power Partnership: Companies Using 100% Renewable Power

Many companies have made a commitment to utilize renewable power sources whenever possible. We applaud their commitment to reducing greenhouse gas and other emissions, and evaluate this factor as part of our environmental assessment of each potential portfolio investment.

While "wherever possible" sounds fine, we have found scores of companies and organizations that get ALL of their power from renewable sources.  Leading the pack is Kohl's Department Stores.  Kohl's has been adding showy alternative energy projects to its stores for some time, but to attain the 101% level, the company has also purchased Renewable Energy Certificates (REC's) that certify power from green sources.  Kohl's is now country's second largest green power user -- 1.4 billion kilowatt hours per year. 

Perhaps it is not surprising that Whole Foods Market has also reached the 100% level, through a combination of on-side generation and REC's.  Nokia achieved this distinction, as did Georgia-based Interface Inc.  Law firms Sutherland Asbill & Brennan and Kilpatrick Stockton LLP were able to satisfy 100% of their power demands from wind energy, sourced through REC's.

While energy hungry tech giant Intel couldn't reach the 100% level, the company did rank as the nation's largest green power user-- gulping more than 2.5 billion kw/h per year, and some 88% of their needs. We think congratulations are still in order.

Read the EPA rankings here

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