Colgate-Palmolive Signs Agreement for Solar Energy Farm in Texas
15 Septembre 2023 - 4:41PM
Dow Jones News
By Denny Jacob
Colgate-Palmolive signed a 20-year virtual power purchase
agreement for a solar energy farm in Texas.
The consumer products company said the project is expected to
produce the equivalent of 100% of its U.S.-based operational
electricity needs, with start-up expected in 2025.
Colgate-Palmolive said about 52% of its global electricity
consumption was sourced from renewable energy as of Dec. 31.
Chief Sustainability Officer Ann Tracy said renewable energy
agreements will help it hit its target of net zero carbon emissions
by 2040 and 100% renewable electricity across its global operations
by 2030.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
September 15, 2023 10:26 ET (14:26 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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