Australian companies are moving to renewable energy to meet employee expectations for climate action

reenergizingREenergising Australian business: the corporate race to 100% renewable energy was released by  Greenpeace Australia Pacific on December 4.

Drawing on public information as well as 34 responses to a survey sent to 80 “big-brand” companies, the report presents analysis of the corporate move to renewable energy, covering seven major industry sectors, as well as case studies of individual companies. Of the 80 companies profiled: 30% have committed to move to 100% renewable energy ;  26% have signed a corporate power purchase agreement , and  65% have invested in rooftop or onsite solar.

Regarding job creation: The report estimates the impact if companies moved to 100% renewable energy to power their operations: for 3 of Australia’s largest companies  (Woolworths, Coles and Telstra)  it would create 4194 construction job-years and 232 ongoing jobs ; the 10 largest companies in the property and construction sector would create more than 1000 construction job-years, and the 14 largest telecommunications, IT, and technology companies would create around 2000 construction job-years.

What is driving the corporate move to renewables? “The UComms polling found 67% of Australians would prefer to work for a company that uses renewable energy, rather than one that doesn’t, while 100% of companies surveyed by Greenpeace reported that a key reason for shifting to renewable energy is employee expectation. In 2019, the Edelman Trust Barometer found 67% of employees “expect that prospective employers will join them in taking action on societal issues” and 76% say “CEOs should take the lead on change rather than waiting for government to impose it.”

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