WeWork is a global company that operates in the Office Owners & Developers sector, providing flexible workspace solutions to individuals and businesses around the world. Founded in 2010, WeWork has grown to become one of the largest co-working companies in the world, with over 800 locations in more than 120 cities across 37 countries.
The company's mission is to create a world where people work to make a life, not just a living. To achieve this, WeWork offers a range of flexible workspace solutions, from private offices to hot desks, meeting rooms, and event spaces. The company's spaces are designed to be inspiring and collaborative, with a focus on community and connection.
In recent years, WeWork has also become a leader in corporate decarbonisation and renewable energy. The company has made a commitment to be carbon neutral by 2025, and is working to reduce its carbon footprint through a range of initiatives.
One of the key ways that WeWork is reducing its carbon footprint is through corporate energy procurement. The company has signed several corporate power purchase agreements (PPAs) for renewable energy, which allow it to purchase electricity directly from renewable energy projects. This not only helps WeWork to reduce its carbon footprint, but also supports the growth of renewable energy.
WeWork's first corporate PPA was signed in 2018, when the company agreed to purchase 200 MW of wind energy from a wind farm in Texas. This was one of the largest corporate renewable energy deals ever signed, and helped to establish WeWork as a leader in corporate sustainability.
Since then, WeWork has signed several more corporate PPAs for renewable energy, including a deal to purchase 220 MW of solar energy from a solar farm in Virginia. These deals have helped the company to reduce its carbon footprint and support the growth of renewable energy, while also providing a stable source of electricity for its buildings.
In addition to corporate PPAs, WeWork is also investing in on-site renewable energy. The company has installed solar panels on the roofs of several of its buildings, which generate electricity for the buildings and reduce their reliance on grid electricity. WeWork is also exploring the use of other renewable energy technologies, such as wind turbines and geothermal heating and cooling.
WeWork is also working to reduce its energy consumption through energy efficiency measures. The company has implemented a range of energy-saving technologies in its buildings, such as LED lighting, motion sensors, and smart thermostats. These measures not only reduce the company's carbon footprint, but also help to lower its energy bills.
Overall, WeWork is a leader in corporate decarbonisation and renewable energy. The company's commitment to be carbon neutral by 2025, and its investment in corporate PPAs, on-site renewable energy, and energy efficiency measures, demonstrate its dedication to sustainability. As WeWork continues to grow and expand its global footprint, it will be interesting to see how the company continues to lead the way in corporate sustainability.