Solar energy helps Gränges’ customers reaching their climate goals
External partnerships are important in Gränges’ strategy for sustainable growth. One key area is the investment in new supplier collaborations within solar energy.
In the US, Gränges recently signed a a 10-year contract with the electricity company Entergy Arkansas on solar energy for Gränges’ production site in Newport, Arkansas. Under the contract, Gränges subscribes to approximately 25 per cent of its capacity for the Newport site. The availability will continue to increase each year with more solar electricity coming online. “Our customers are looking for solutions that help them reduce their climate impact. They have their own sustainability and climate goals and are looking to us for help to meet those goals. Increasing our renewable electricity is a strategic priority for us, since it contributes to a more sustainable future for our customers and ourselves”, says Rosa Laxamana, VP Sustainability Gränges Americas.
Investing in renewable energy reduces Gränges’ carbon footprint (scope 1+2) and is an important part of the company’s decarbonization journey. Gränges has a goal to increase the usage of renewable energy in its own operations to at least 20 per cent by 2025. In 2022, the total share of renewable energy amounted to 16 per cent. All regions are actively investigating how to increase the usage of renewable energy and have ongoing discussions with external partners to further increase sourcing. In Gränges Europe, the operation in Finspång, Sweden sources 100 per cent of its electricity from hydro power, and in Konin, Poland 23 per cent derives from hydro power. The facility in Shanghai purchases 100 percent of its electricity from renewable sources as from January 2023 and will commence installation of solar panels on the roof-top of its production plant in 2023.