Sourcing Renewables | Page 123

Royal Bank of Canada (RBC) announced its intent to increase its sustainable financing by $500 billion by 2025 and achieve net zero emissions in its lending by 2050.

Kellogg announced on March 3 that it will achieve more than 50% renewable energy to address the electricity needs of its owned manufacturing globally by the end of 2022.

Target announced March 4 three new renewable energy partnerships that will cover nearly a quarter of all its electricity use with wind and solar power.

The City of Healdsburg, California announced on March 3 that it has completed a floating solar project, the largest completed in the United States to date.

FedEx Corp. announced on March 3 that it set a goal to achieve carbon–neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of the initial investment in three key areas: vehicle electrification, sustainable energy and carbon sequestration.  

The U.S. Department of Energy (DOE) announced on March 3 the appointment of clean energy industry pioneer Jigar Shah as Director of the Loan Program Office, which will oversee more than $40 billion in loan authority across manufacturing, innovative finance, and tribal energy projects.

Citigroup's new CEO, Jane Fraser, announced on her first day as CEO on March 1 that the investment bank will be net zero in carbon emissions by 2050.

IKEA announced on Feb. 25 that it has completed its first solar car park at its Baltimore location. The location has already seen an 84% decrease in the amount of energy needed to be purchased between September – December 2020, equating to a 57% energy cost savings for the store.

The Hershey Company announced new commitments on March 1 to advance its environmental progress and contribute to global climate action.

UBS Arena, the home of the New York Islanders hockey team, announced on Feb. 25 that it plans to deploy 1,000 EV charging stations to become one of the largest charging sites in the United States.