Home Depot targets 335 MW of renewable energy by 2025

Home Depot stor. Author: Mike Mozart. License: Creative Commons. Attribution 2.0 Generic.

July 23 (Renewables Now) - US home improvement supplies retailer Home Depot Inc (NYSE:HD) will be looking to produce or procure energy from 335 MW of renewable and alternative energy plants by 2025.

This is a new goal included in the company’s 2020 Responsibility Report together with the objective of cutting carbon dioxide (CO2) emissions by 50% by 2035. Last year, it lowered its greenhouse gas emissions by 10% thanks to a reduction in US electricity consumption and supply chain efficiencies.

Home Depot says in the report that it intends to almost double the number of stores with on-site solar panels, while also continuing to leverage on-site fuel cells and offsite wind and solar energy.

Another new commitment is to eliminate expanded polystyrene (EPS) foam and polyvinyl chloride (PVC) film from its private brand packaging by 2023.

"We believe our commitment to continuing progress on environmental, social and governance issues has made our company stronger, had a lasting positive impact on the environment, deepened our relationships with associates and customers, and created long-term shareholder value," said Craig Menear, chairman, CEO and president of The Home Depot.

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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