Jupiter Asset Management is attempting to completely power its offices with renewable energy by the end of the year.
The company said today that it had joined The Climate Group RE100 initiative, which means its has committed to source 100% of the energy consumption in its leased offices from renewable sources by the end of 2017.
In Hong Kong where renewable tariffs are not available, the company will use Chinese wind power to offset electrical usage.
Jupiter’s London headquarters already uses 100% renewable electricity, the company said.
Maarten Slendebroek, CEO at Jupiter, said: “We believe our decision to target 100% renewable electricity through RE100 highlights the alignment between our corporate strategy and our investment activities.
“As a long-term active investor, we believe that climate change and energy transition carry risks and opportunities that warrant our attention.”
Helen Clarkson, CEO of The Climate Group, said: “By joining RE100, the company is demonstrating clear business leadership that will help to shape energy markets away from fossil fuels and deliver on the Paris Agreement at speed.”
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