Anheuser-Busch InBev, the brewing giant, has confirmed plans to secure its entire electricity purchase requirements from green energy sources by 2025.
The company announced this week that the shift would help to transfer 6 Twh of electricity to renewable power sources every year in the markets where it operates.
The decision to go all out on the switch to renewable energy will also mean that AB InBev can slash its operating carbon footprint by a third, which will equate to removing nearly half a million cars from the roads.
The company expects to procure up to 85pc of its electricity needs through direct power purchase agreements. The remainder will come from green technologies, such as solar PV and micro wind turbines which it will be installing on-site to generate clean energy at source.
Its CEO, Carlos Bitro, said that climate change had serious implications for the company and the communities in which it operated and where it staff lived. In a statement, he said that a reduction in fossil fuel consumption helped to benefit the environment whilst also being good for business.
He explained that Anheuser-Busch is committed to supporting initiatives that drive greenhouse gas reductions and that the company has the chance to play a key role in the fight against climate change by purchasing its energy needs in a responsible sustainable way.
The brewer is also signing up to the RE100 initiative, which includes some of the biggest firms in the world, all working together to reduce climate change. The RE100 lead, Sam Kimmins, said that AB Inbev was demonstrating valuable climate leadership by supporting renewables purchase around the world, showing how companies could work to speed up the transition to a low-carbon economy and inspire other businesses to follow suit.