Potential offtaker

Cinemark Holdings, Inc.

www.cinemark.com

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  • Cinemark Holdings, Inc. is a leading movie theater chain in the United States of America. The company has a presence in 41 states and 15 countries, operating over 500 theaters with more than 6,000 screens. Cinemark is known for its state-of-the-art facilities, high-quality movie experience, and customer-centric approach. The company has been in business for over 35 years and has established itself as a leader in the entertainment industry.

    In recent years, Cinemark has been actively pursuing decarbonisation and renewable energy initiatives to reduce its carbon footprint and contribute to a sustainable future. The company has set ambitious goals to reduce its greenhouse gas emissions and increase its use of renewable energy sources. Cinemark has recognised the importance of corporate energy and has taken steps to become more energy-efficient and sustainable.

    One of the key initiatives that Cinemark has undertaken is the implementation of corporate power purchase agreements (PPAs) for renewable energy. PPAs are long-term contracts between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a specified period. Cinemark has signed several PPAs with renewable energy providers to source renewable energy for its operations.

    Cinemark has also invested in on-site renewable energy projects, such as solar panels and wind turbines, to generate clean energy for its theaters. The company has installed solar panels on the roofs of several of its theaters, which generate electricity to power the facilities. Cinemark has also installed wind turbines at some of its theaters, which generate clean energy from the wind.

    In addition to renewable energy initiatives, Cinemark has implemented energy-efficient measures to reduce its energy consumption and carbon footprint. The company has upgraded its lighting systems to LED, which are more energy-efficient and have a longer lifespan than traditional lighting systems. Cinemark has also installed energy-efficient HVAC systems, which use less energy to heat and cool the theaters.

    Cinemark has set ambitious goals to reduce its greenhouse gas emissions and increase its use of renewable energy sources. The company aims to reduce its greenhouse gas emissions by 20% by 2025, compared to its 2017 baseline. Cinemark also aims to source 50% of its electricity from renewable energy sources by 2025.

    Cinemark's commitment to decarbonisation and renewable energy is not only good for the environment but also makes good business sense. By reducing its energy consumption and sourcing renewable energy, Cinemark can lower its energy costs and improve its bottom line. The company's renewable energy initiatives also demonstrate its commitment to sustainability and social responsibility, which can enhance its reputation and attract environmentally conscious customers.

    In conclusion, Cinemark Holdings, Inc. is a leading movie theater chain in the United States of America that is committed to decarbonisation and renewable energy initiatives. The company has set ambitious goals to reduce its greenhouse gas emissions and increase its use of renewable energy sources. Cinemark has implemented corporate power purchase agreements, on-site renewable energy projects, and energy-efficient measures to achieve its sustainability goals. Cinemark's commitment to sustainability not only benefits the environment but also makes good business sense, enhancing its reputation and attracting environmentally conscious customers.

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