Potential offtaker

Condé Nast

www.condenast.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Condé Nast is a global media company that operates in the periodical publishers sector. Founded in 1909, the company has grown to become one of the world's leading publishers of high-quality magazines, including Vogue, GQ, Glamour, and The New Yorker. With a focus on fashion, lifestyle, and culture, Condé Nast has built a reputation for producing content that is both informative and entertaining.

As a global media company, Condé Nast is committed to reducing its environmental impact and contributing to the decarbonisation of the economy. The company has set ambitious targets to reduce its greenhouse gas emissions and increase its use of renewable energy sources.

One of the key ways in which Condé Nast is working towards decarbonisation is through its corporate energy strategy. The company has implemented a number of energy efficiency measures across its operations, including the installation of LED lighting and the use of energy-efficient equipment. These measures have helped to reduce the company's energy consumption and lower its carbon footprint.

In addition to energy efficiency, Condé Nast is also exploring the use of corporate power purchase agreements (PPAs) to increase its use of renewable energy. PPAs allow companies to purchase renewable energy directly from a generator, often at a lower cost than traditional energy sources. By entering into PPAs, Condé Nast can increase its use of renewable energy and reduce its reliance on fossil fuels.

Condé Nast has already signed a number of corporate PPAs, including a 12-year agreement with a wind farm in Oklahoma. Under the agreement, the company will purchase 120,000 megawatt-hours of renewable energy each year, enough to power all of its US operations. The wind farm will also provide Condé Nast with renewable energy certificates (RECs), which the company can use to offset its remaining greenhouse gas emissions.

In addition to its corporate energy strategy, Condé Nast is also working to reduce its carbon footprint through other initiatives. The company has implemented a number of waste reduction measures, including the use of reusable cups and bottles, and the recycling of paper and plastic. It has also introduced sustainable sourcing policies for its products, ensuring that they are produced in an environmentally responsible way.

Overall, Condé Nast is committed to reducing its environmental impact and contributing to the decarbonisation of the economy. Through its corporate energy strategy, the company is increasing its use of renewable energy and reducing its reliance on fossil fuels. By implementing energy efficiency measures and exploring the use of corporate PPAs, Condé Nast is demonstrating its commitment to sustainability and setting an example for other companies to follow.

✓ Science Based Targets member
✓ Declared Net Zero commitment