March 19, 2021 Read More →

Grocer Coles latest Australian corporation to make 100% green electricity pledge

The Guardian:

The supermarket giant Coles has pledged to source all its electricity from renewable sources across its brands by 2025 after signing another agreement to buy clean power from a Victorian windfarm.

The move means all three of Australia’s major supermarkets, including Woolworths and Aldi, will be sourcing all their electricity from renewables by 2025 at the latest.

Climate change campaigners said the announcement showed a significant shift was occurring across Australia’s corporate landscape.

Coles Group’s chief executive, Steven Cain, told Guardian Australia the commitment, which builds on the group’s previous deals to buy renewable power, was responding to calls from staff and customers but also shareholders and investors.

“There’s no doubt that in out shareholder meetings people are asking more questions about sustainability because investors around the world – who themselves have investors – are asking, are we putting our money to work in a responsible fashion,” he said. “There’s more money available to companies that are doing this.”

Coles said a deal announced on Friday to buy large-scale electricity generation certificates from Lal Lal Wind Farms meant 45% of its electricity consumption would come from renewables by financial year 2023.

[Graham Readfearn]

More: Coles shuns coal: supermarket giant vows to source all its electricity from renewables by 2025

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