We’re using a defined strategy based on available options, key priorities, and ambition. We’ve identified our company’s motivations for procuring renewable energy, adopted supporting goals and commitments, and included internal human and financial resources to support this launch. We will:
Assess Our Options
We’ve assessed the landscape of renewable energy sourcing options available on the market and determined what’s feasible. We’ve also identified practices that will impact renewable energy costs, incentives, and availability. After narrowing procurement options based on geography, our company will consider specific site constraints based on the following questions:
Create Our Strategy
After determining our options, the next step is to assess our ambition level and define our renewable energy strategy to complement our business and sustainability strategies. Available financial resources will factor prominently into this and ultimately dictate the realistic level of ambition set.
Our strategy will reflect Verte Mode’s motivation for renewable energy procurement. We will prioritize new onsite or regional solar installations and choose only to purchase renewable energy attributes (e.g., RECs) bundled with renewable power. If there is a market demand for wind energy, we may source the majority at 75 percent for wind and roughly 25 percent from onsite installations.
Define Opportunities to Collaborate
If needed, we will collaborate with other companies to help achieve our strategic renewable energy objectives and minimize the barriers to entry for procurement. We may consider partnering with a group of companies with regional operations willing to enter into a shared procurement contract (consortium aggregation) to leverage resources and tools at a greater pace.