Collaborative Agreement Hosts Four Healthcare Companies for Renewable Energy
Energize Partners with Leading Healthcare Companies
Energize, a vibrant collaboration among major players in the pharmaceutical and healthcare sectors, is paving the way towards a greener future. With leaders like Schneider Electric at the forefront, this initiative aims to drastically decarbonize the energy consumption in these industries. Together, these companies have embraced the second PPA cohort aimed at collectively procuring renewable electricity.
Renewable Energy Sourcing and Goals
In this latest endeavor, Energize has successfully executed a multi-buyer Power Purchase Agreement (PPA). This agreement involves significant stakeholders including Haleon, GSK, Gilead Sciences, and Thermo Fisher Scientific, who have come together to purchase an impressive 245 GWh of renewable energy each year for a decade. This collaboration is expected to avoid an astonishing 41,748 metric tons of CO2 annually.
The Role of Industry Collaborations
Thermo Fisher Scientific took on the lead negotiator role during the PPA discussions, emphasizing the importance of partnership in reaching ambitious sustainability goals. This forward-thinking approach allows each participating company to benefit from shared insights and experiences in their ongoing climate journeys.
Statements from Key Executives
"As a company whose mission is to enable healthier living, we understand that collaboration is essential for achieving our goals," remarked Konrad Bauer, Senior Vice President of Global Business Services at Thermo Fisher Scientific. "Leading this cohort gives us the opportunity to draw from our transition experiences, assisting our shared commitment to achieving net-zero emissions across our European operations."
Lisa Martin, Chief Procurement Officer at GSK, expressed her enthusiasm for joining this cohort, stating, "This is a prime example of how we can add renewable energy to our operational grid while supporting our suppliers. The energize initiative truly illustrates the impact of effective partnerships in improving business resilience and cost predictability in the long term."
Echoing similarly, Sarah McDonald, VP of Sustainability at Haleon, noted the direct link between a healthy planet and improved everyday health. "The initiative aligns with our commitment to reducing our environmental impact while striving for net-zero emissions from the source all the way to the sale by 2040."
Furthermore, Joydeep Ganguly, Senior Vice President of Corporate Operations at Gilead Sciences, highlighted that responsible investments play a paramount role in creating a healthier world. "Transitioning to renewable energy is vital for our operations and this initiative is crucial as we strive for a net-zero future by 2030."
Making Strides in Supply Chain Emissions
The Energize program addresses a significant challenge—the pharmaceutical and healthcare sector’s supply chain, responsible for over half of industry emissions. With the participation of 24 leading companies and the guidance of Schneider Electric, Energize offers educational resources and procurement support to suppliers at no cost, empowering them to advance towards their own decarbonization goals.
The Significance of the Multi-buyer PPA
The successful signing of this virtual PPA marks a crucial step toward efficiently getting renewable energy into the grid and showcases how collective efforts can yield transformative outcomes. The achievements of previous cohorts, including a groundbreaking 563.7 GWh agreement for a ten-year term, underscore the momentum of this initiative.
Schneider Electric's Role in the Initiative
As the advisor for this cohort, Schneider Electric provided invaluable support through the entire PPA procurement and negotiation process. Their expertise aims to facilitate a smoother path for companies as they implement sustainable practices within their operations.
In conclusion, through collaboration, innovative agreements, and commitment to sustainability, Energize is setting a notable example for the healthcare sector. The engaged companies understand that addressing climate challenges requires action and cooperation across industries. With this path laid, the future is brighter for both healthcare and our planet.
Frequently Asked Questions
What is the Energize program?
The Energize program is an initiative that fosters collaboration among healthcare and pharmaceutical companies to procure renewable energy, aiming at decarbonizing their operations.
Who are the key participants in the latest multi-buyer PPA?
The key participants include Haleon, GSK, Gilead Sciences, and Thermo Fisher Scientific, who collectively aim for sustainable energy procurement.
What are the environmental benefits of this initiative?
By collaborating on renewable energy purchases, participating companies hope to avoid significant CO2 emissions estimated at 41,748 metric tons per year.
How does Schneider Electric contribute to the Energize program?
Schneider Electric acts as an advisor for the program, helping to guide companies through the procurement process to achieve their sustainability goals.
What is the long-term goal of participating companies?
The long-term goal is to transition to 100% renewable energy and achieve net-zero emissions across their operations.
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