Potential offtaker

De La Rue plc

www.delarue.com

Estimated electricity consumption

N/A

Countries of production presence

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De La Rue plc is a British company that operates in the printing services sector. The company specializes in the production of banknotes, passports, and security documents. De La Rue has a long history, dating back to 1821, and has established itself as a leader in the printing industry. The company operates in over 140 countries and has a workforce of over 3,000 employees.

De La Rue is committed to sustainability and has set ambitious targets to reduce its carbon footprint. The company has recognized the importance of decarbonisation and has taken a number of steps to reduce its environmental impact. One of the key initiatives undertaken by De La Rue is the implementation of a corporate energy strategy. This strategy includes a range of measures aimed at reducing the company's energy consumption and increasing its use of renewable energy.

One of the key components of De La Rue's energy strategy is the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term agreement between a company and a renewable energy provider. Under the terms of the agreement, the company agrees to purchase a set amount of renewable energy from the provider over a specified period of time. This allows the company to secure a reliable source of renewable energy and reduce its reliance on fossil fuels.

De La Rue has signed a number of corporate PPAs with renewable energy providers in recent years. In 2019, the company signed a 10-year agreement with EDF Renewables for the supply of renewable energy to its manufacturing sites in the UK. The agreement will provide De La Rue with 17 GWh of renewable energy per year, equivalent to the electricity consumption of over 4,000 homes.

In addition to its use of corporate PPAs, De La Rue has also invested in renewable energy infrastructure. The company has installed solar panels at its manufacturing sites in Kenya and Sri Lanka, which provide a significant source of renewable energy to these facilities. De La Rue has also invested in energy-efficient lighting and heating systems, which have helped to reduce its energy consumption and carbon emissions.

De La Rue's commitment to sustainability extends beyond its energy strategy. The company has set ambitious targets to reduce its carbon footprint and has implemented a range of measures to achieve these goals. In 2019, De La Rue became a signatory to the UN Global Compact, a voluntary initiative aimed at promoting sustainable business practices. As part of this commitment, the company has pledged to reduce its greenhouse gas emissions by 30% by 2030.

To achieve this target, De La Rue has implemented a range of measures aimed at reducing its carbon footprint. These include the use of renewable energy, the implementation of energy-efficient technologies, and the adoption of sustainable procurement practices. The company has also implemented a range of initiatives aimed at reducing waste and promoting recycling.

De La Rue's commitment to sustainability has been recognized by a number of external organizations. In 2020, the company was awarded a Gold rating by EcoVadis, a leading provider of sustainability ratings for companies. The Gold rating places De La Rue in the top 5% of companies assessed by EcoVadis in terms of sustainability performance.

In conclusion, De La Rue plc is a British company that operates in the printing services sector. The company has recognized the importance of decarbonisation and has taken a number of steps to reduce its environmental impact. De La Rue's corporate energy strategy includes the use of corporate PPAs and investment in renewable energy infrastructure. The company has set ambitious targets to reduce its carbon footprint and has implemented a range of measures to achieve these goals. De La Rue's commitment to sustainability has been recognized by external organizations, placing the company in the top 5% of companies assessed by EcoVadis in terms of sustainability performance.

✓ Science Based Targets member
✓ Declared Net Zero commitment