Estée Lauder signs major VPPA

Estée Lauder has signed a virtual power purchase agreement (VPPA), describing itself as the first prestige beauty company to do so.

The VPPA is the company’s largest renewable energy contract globally, taking energy from the Ponderosa wind farm in Oklahoma and this alone will provide more than half of the company’s global electricity footprint with renewable energy, putting the company on target to meet its global 2020 ne-zero target and fulfil RE100 commitment.

The company announced it would build upon this existing commitment and set a science-based target covering Scopes 1, 2 and 3 by the end of 2020. Through the company’s renewable energy solutions in its portfolio, the company has achieved fully renewable electricity in the US and Canada ahead of schedule.

Under the VPPA, the company will purchase the energy produced by 22MW of the Ponderosa wind farm, owned and operated by a subsidiary of NextEra Energy Resources. Construction of the Ponderosa wind farm is scheduled to begin in early 2020.

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