SAN FRANCISCO, May 16, 2024 /PRNewswire/ -- In collaboration
with Microsoft, 3Degrees, a leading global climate solutions
provider, announced today the official launch of Supplier REach, an
innovative tool that enables large companies to activate their
suppliers' renewable energy journeys. Suppliers can evaluate and
source high-quality renewable energy to reduce their greenhouse gas
(GHG) emissions while demonstrating progress to their referring
customer all along the way.
Even though purchasing renewable energy is one of the best
first-steps on the GHG reduction path, barriers to forward
motion can leave suppliers at a standstill. A first procurement can
be complicated: pricing may be opaque, the appropriate choices may
not be clear and may vary across geographies, and financial risks
may be involved. To keep decarbonization on pace to meet global net
zero targets, suppliers of all sizes need to navigate this
transition effectively. Supplier REach is a new solution aimed at
accelerating renewable energy adoption by helping suppliers
overcome these challenges.
Organizations that use Supplier REach will invite their
suppliers to join the portal. Within the portal, suppliers can
evaluate their options and source high-quality renewable energy
tailored to their unique requirements. As needed, they can also
access educational resources and reporting tools to build internal
alignment around the need to take action. Referring organizations
can track their suppliers' progress toward renewable energy
purchases and encourage forward momentum in convenient,
customizable ways.
"Renewable energy is often the best way to begin a company's
transition to a lower carbon future. Supplier REach is a
purpose-driven platform aimed squarely at enabling that
all-important first step for an organization's suppliers. We're
proud to have Microsoft's ongoing engagement in the tool's scope
and features, and their support for early supplier releases. We
both look forward to welcoming additional referring partners
seeking to accelerate supplier adoption of renewable energy."
Erin Craig, Chief Sustainability
Officer & VP, Customer Solutions and Innovation, 3Degrees
"Supplier REach offers Microsoft's suppliers straightforward
paths to procure carbon-free electricity, serving as a resource for
their journey to make the clean energy transition and reduce
emissions."
Edmond Chan, Sr. Sustainability
Program Manager, Microsoft Procurement
About 3Degrees
3Degrees is a leading global climate
solutions provider and Certified B Corporation. We offer impactful
climate solutions that help our clients achieve their climate goals
and advance an equitable transition to the low-carbon future. Learn
more at 3Degrees.com or follow us on LinkedIn.
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