The transition to renewable energy is the latest in a series of major energy transformations that have historically redefined the global economy. We should expect similar changes over the next two decades, as we enter a new energy era defined by carbon-free energy. Electricity and heat production account for 34% of 2019 global greenhouse gases, but the transition to renewables like solar and wind is exponential. As the new energy era emerges, these companies are demonstrating that climate leadership is also business leadership.

Signatory highlights:

- Amazon: Matched all of the electricity consumed by its global operations, including its data centers, with 100% renewable energy in 2023 through 513 renewable energy projects, and signed an agreement with Plug Power to supply 10,950 tons of green hydrogen annually, beginning Jan. 1, 2025—enough energy to power 30,000 forklifts or 800 long-haul trucks.

- Greenko Group: Enabled affordable energy, with a net installed capacity of 7.5 gigawatts across wind, solar, and hydro capacities across 15 states in India.

- Heineken: Launched the largest industrial solar thermal plant in Europe, in partnership with Engie, with a capacity to reduce its Seville brewery’s consumption of fossil gas by over 60%.

- Iberdrola:  Drew approximately 80% of its energy from emission-free technologies in 2023.

- Microsoft: Contracted over 34 gigawatts of renewable energy assets, in recent years, making it one of the largest corporate buyers of renewable energy in the world.

- Ørsted: Set a goal to phase out coal in 2024 and reduce the intensity of its Scope 1 and 2 emissions by 98% in 2025.

- PepsiCo: Invested in developing more sustainable facilities—including a new production plant in Poland that aims to be net-zero by 2035 and a facility in Ireland that became fossil fuel-free in 2023—and transitioned away from natural gas by pioneering the use of hydrotreated vegetable oil.

- T-Mobile: Powered by 100% renewable energy since January 2022.