Goldman, Nike target 100% renewables as new RE100 members

US investment bank Goldman Sachs Group Inc (NYSE:GS) and sports footwear and apparel giant Nike Inc (NYSE:NKE) are among the newest entrants in the RE100 initiative, having pledged to use 100% renewable power.

The Climate Group, which leads the global campaign in partnership with CDP, on Wednesday also announced that RE100 will be joined by Johnson & Johnson (NYSE:JNJ), Procter & Gamble Co (NYSE:PG), Salesforce.com Inc (NYSE:CRM), Starbucks Corp (NASDAQ:SBUX), Steelcase Inc (NYSE:SCS), Voya Financial Inc (NYSE:VOYA) and Walmart (NYSE:WMT).

At present, a total of 36 major businesses from around the world are part of the initiative, which was launched a year ago with the objective of engaging, supporting and showcasing influential businesses committed to using 100% renewable electricity.

Goldman Sachs in particular will seek to source 100% of its electricity globally from renewable sources by 2020, its head of environmental markets, Kyung-Ah Park, said. Procter & Gamble, on the other hand, has set a target of 30% renewable energy by 2020, but will aim at 100% in the long term.

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