Sustainable investing

Atlassian commits to 100% renewable electricity by 2025

This week, Aussie software company Atlassian joined the ranks of RE100. This means they’re making a global, public commitment to 100% renewable electricity by 2025.

So what is RE100?

RE100 is a global corporate leadership initiative which brings together influential businesses committed to 100% renewable electricity. Their aim is to increase corporate demand for (and supply of) renewable energy globally, working toward zero carbon grids.

Not only are renewables an essential part of a sustainability toolkit, they make good business sense. Companies can have more control over energy costs, as well as having an edge over their competition. RE100 members, which include Global Fortune 500 companies, come from a wide range of sectors, and together they send a powerful message to policymakers and investors to fast-track the switch to a zero-emissions economy.

How does RE100 work?

Companies joining RE100 set a public goal to source 100% of their global electricity consumption from renewable sources by a specified year. They disclose their electricity data annually, and RE100 report on their progress, keeping them accountable.

To be eligible, companies must be considered ‘influential’, in terms of being a globally recognised and trusted brand. It must have a significant power footprint and have 100% of the electricity used across their global operations produced from renewable sources – biomass, geothermal, solar, water and wind.

Who’s part of this initiative?

Some of the world’s biggest and most influential companies are members of RE100, including Facebook, Apple, Google, Microsoft. Our homegrown heroes include Atlassian, Commonwealth Bank, and Bank of Australia.

We think this is an awesome commitment, and we applaud the action these companies are taking. For many companies, there are still a lot of areas to be improved in their environmental, social and ethical standings. At Goodments, we hope to see a continued commitment to this in the near future.

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