RE 100 firms generate more profit than peers

RE100 companies are more profitable than their peers, a new report reveals.
The RE100 report with Capgemini Invent, which draws on 2016-17 data from a sample of 3,500 companies, shows that RE100 businesses, which are committed to 100% renewable electricity, are performing consistently better than non-members.

The findings are based on two key financial indicators, which are net profit margin and Earnings Before Interests and Taxes margin, with the difference being up to 7.7 percentage points. This remains true across all sectors, most prominently for IT, telecommunications, construction and real estate.

The report comes from Climate Week NYC, where for the tenth year running The Climate Group is convening business and government leaders from around the world to advance climate action.

Helen Clarkson, CEO of The Climate Group, argues that being energy-smart and being business-smart goes hand in hand and this has to be norm, sooner rather than later to keep warming well below 2 degrees Celsius.

“We congratulate those going further and faster on climate action and we urge others to do the same – a win-win for emissions and the bottom line,” she said.

Source: Energyzine