Crown Signs Renewable Energy Deal Significantly Expanding Coverage of Its Electricity Consumption in Europe

Crown Holdings, Inc. (NYSE: CCK) has entered a 15-year Virtual Power Purchase Agreement (VPPA) with Enel Green Power España (EGPE), Endesa’s renewable energy subsidiary, securing renewable electricity from a new PV project built in Badajoz, Spain. This deal will cover all of Crown’s current operational footprint in European countries that are part of the Alliance of Issuing Bodies (AIB), which manages the European Energy Certificate System, allowing the Company to advance in its Twentyby30™ sustainability program.

The PV project will contribute to Crown’s overall goal of stronger corporate stewardship. To initiate this latest effort around responsible solutions, Crown worked with Schneider Electric, the leading adviser in corporate renewable energy procurement and carbon management, on the project selection and VPPA negotiation.

This agreement is Crown’s first VPPA in Europe and demonstrates the Company’s commitment to reduce greenhouse gas emissions and to act locally. The project is expected to produce an annual output of 285,100 Megawatt hours (MWh), of which Crown is contracted for around 70%—saving the CO2 emissions equivalent of nearly 40,000 homes’ electricity use for one year. Scheduled to start operation in October 2025, the renewable energy supply from the PV power plant follows Crown’s earlier renewable energy project designed to address decarbonization and sustainability goals.
more at: https://www.crowncork.com/news/crown-signs-renewable-energy-deal-significantly-expanding-coverage-its-electricity-consumption

Related Posts

United Nations Recognizes UPM as one of 34 Global Compact LEAD Companies Demonstrating World-Class Commitment to Corporate Sustainability

UPM has been recognized as a Global Compact LEAD company for its strong engagement to the United Nations Global Compact, the world's largest corporate sustainability initiative. The recognition was addressed to only 34 global companies at the Global Compact Leaders Summit in New York on 24 September 2018. "LEAD companies represent the highest level of engagement with the UN Global Compact," says Lise Kingo, CEO and Executive Director of the UN Global Compact. "Achieving the Sustainable Development Goals and creating the world we want will not happen without bold actions from the responsible business community," Kingo says.

HH Global Launches Industry-Leading Sustainable Procurement Framework for Strategic Suppliers

As more companies establish their Environmental, Social and Governance (ESG) targets, there are increasing requirements to have clear and credible visibility into where they are directing their procurement spend. Access to legitimate and credentialed strategic partners is a critical component to achieving and measuring progress against ESG targets. With this in mind, we are pleased to announce a new sustainability initiative offered exclusively for HH Global strategic supplier partners. The HH Global Sustainable Procurement Framework (SPF) is a technology-enabled supply chain program aligned with the UN Sustainable Development Goals that will help suppliers share their ESG credentials and continuously improve on their ESG journey. We have carefully selected a group of HH Global strategic suppliers from each region to participate in the first phase of this innovative program, which launched last week.

Pearson Announces Progress Towards 2020 Sustainability Plan

Pearson, the digital education company, published its 2017 Sustainability Report, which highlights the progress made in implementing its 2020 Sustainability Plan and a continued vision for integrating social and environmental issues into every aspect of the business. Pearson’s 2020 Sustainability Plan is centered around three pillars: 1.Reach more learners by removing barriers to education both through core business and partnerships and enabling learners to be their best selves; 2.Shape the future of learning by leveraging technology and innovating to meet each learner where they are, with content that equips today’s learners with the skills to shape a better tomorrow for people and planet; and 3.Be a trusted partner to learners, educators, suppliers, and communities: operating responsibly, creating value for society, and protecting the environment. Click Read More below for additional information.
Back To Top
×Close search
Search