Corporate Renewable Energy Index

Bloomberg New Energy Finance & Vestas Wind Systems A/S have developed and published a Global Corporate Renewable Energy Index, providing information on the renewable energy performance of the world’s top 1000 corporations by market capitalization.

The report shows that more than 17% of the top 1000 corporations made some renewable energy purchases in 2010. Topping the list are Kohl’s corporation (a US department store chain) and Whole Foods Market, both with 100% of their electricity purchases from renewable sources, and Toronto-Dominion Bank, with 94%.  Other household names in Canada with significant renewable energy purchases include Bank of Montreal with 63%, Starbucks with 58%, Johnson and Johnson with 38%. Intel tops the list in terms of absolute amount of renewable energy purchased in 2010.

The Index focuses on electricity but provides a framework to which other biofuel purchases could be added in the future. Vestas Wind Systems is a Danish company that is currently reported to be the largest manufacturer of wind turbines in the world.

The report is available at www.bnef.com/WhitePapers/download/42

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