Bloomberg commits to 100% renewable power by 2025

March 18 (SeeNews) - Financial data and media group Bloomberg LP has become the latest member of RE100 and has committed to using 100% renewable electricity by 2025.

RE100 is a collaborative initiative of leading businesses committed to 100% renewable power. It now includes 55 companies from around the world.  

"RE100 convinced us that they had gathered a strong coalition of committed companies, dedicated to real outcomes," Curtis Ravenel, head of Bloomberg's sustainable business and finance team, said in a press announcement on Thursday.

The move is part of the company's sustainability efforts and comes ahead of the release of the 2015 Bloomberg Impact Report later this month.

A separate announcement on RE100's website says that while long committed to sustainability, Bloomberg was sourcing just 1% of its electricity from renewable energy in 2015. It is, however, making good progress on its target, set in 2013, of using 35% renewable electricity by 2020. The group expects to source 21% from renewables by the end of 2017.

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription