Potential offtaker

Springer Nature

www.springernature.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Springer Nature is a leading global publisher of scientific, technical, and medical content. The company is headquartered in Germany and has operations in over 50 countries. Springer Nature is committed to decarbonisation and reducing its carbon footprint. The company has implemented several initiatives to achieve this goal, including investing in renewable energy and implementing corporate energy and corporate power purchase agreements (PPAs).

Decarbonisation is a critical issue for companies in the publishing industry. The production and distribution of books and other printed materials require significant amounts of energy, which contributes to greenhouse gas emissions. Springer Nature recognises the importance of reducing its carbon footprint and has set ambitious targets to achieve this goal. The company has committed to reducing its carbon emissions by 30% by 2025 and to achieving carbon neutrality by 2027.

One of the key initiatives that Springer Nature has implemented to reduce its carbon footprint is investing in renewable energy. The company has installed solar panels on the roofs of its offices and warehouses, which generate clean energy and reduce the company's reliance on fossil fuels. Springer Nature has also invested in wind energy projects and has signed long-term contracts with renewable energy providers. These investments in renewable energy have not only reduced the company's carbon footprint but have also helped to lower its energy costs.

In addition to investing in renewable energy, Springer Nature has implemented corporate energy and corporate PPA agreements. These agreements allow the company to purchase renewable energy directly from energy providers, rather than relying on the grid. By purchasing renewable energy directly, Springer Nature can ensure that the energy it uses is generated from clean sources and is not contributing to greenhouse gas emissions. These agreements also provide the company with greater control over its energy costs, as it can negotiate favourable rates with energy providers.

Springer Nature's commitment to decarbonisation and reducing its carbon footprint has earned the company several accolades. In 2020, the company was named as one of the top 50 companies in the world for sustainability by Corporate Knights. The company was also recognised for its efforts to reduce its carbon footprint by the Carbon Trust, a leading independent certification body for carbon reduction.

In conclusion, Springer Nature is a leading global publisher that is committed to decarbonisation and reducing its carbon footprint. The company has implemented several initiatives to achieve this goal, including investing in renewable energy and implementing corporate energy and corporate PPA agreements. These initiatives have not only reduced the company's carbon footprint but have also helped to lower its energy costs. Springer Nature's commitment to sustainability has earned the company several accolades and positions it as a leader in the publishing industry.

✓ Science Based Targets member
✓ Declared Net Zero commitment