A new Capgemini Invent & Climate Group report reveals the underlining link between profitability and a mature energy strategy.
‘How RE100 companies have an edge on their peers’ is a joint research paper developed by Capgemini Invent and The Climate Group which analyzes if sourcing 100% of its electricity from renewable sources has a positive impact on a company’s financial performance.
The RE100 report draws on data from a sample of 3,500 companies and shows that RE100 businesses (committed to 100% renewable electricity) consistently perform better than non-members on two key financial indicators: net profit margin and EBIT margin (Earnings Before Interests and Taxes).
The report shows that committing to 100% renewable energy creates new opportunities to bring additional profits, improved customer engagement as well as creation of new services / business models.
Defining the shape and form of an energy strategy is a crucial first step for any company committing to source 100% renewable electricity. According to the report, committing to RE100 sourcing is a transformation program that tackles several dimensions of an organizations operations.
This report is released in conjunction with Climate Week NYC, where for the 10th year running The Climate Group is convening business and government leaders from around the world to advance climate action.