Renewable Electricity Toolkit
The Renewable Electricity Supplier Toolkit is designed to provide a structured framework for companies embarking on their renewable electricity journey. It will guide organizations through the renewable electricity markets, formulating a strategy, key stakeholders to involve, and what to expect post-implementation.
Steps to Implementation | ||
|---|---|---|
| 1. | Renewable Electricity Markets & EACs | The first step in your journey is to understand the renewable electricity markets and the various types of Energy Attribute Certificates (EACs) used to convey ownership and substantiate renewable electricity claims. |
| 2. | Renewable Electricity Options | It’s important to understand the various renewable electricity options. When formulating your strategy, you may pursue a mix of opportunities such as on-site renewables, green tariffs, unbundle EACs, green PPAs and VPPAs, depending on your needs. |
| 3. | Define Your EAC Quality Standards and Secure Leadership Buy-In | Defining how you approach renewable electricity from a quality and philosophy standpoint will help steer your execution strategy. Once your quality criteria is established, it may be a good time to secure initial leadership buy-in, explaining the options on the market, and presenting your quality standards. |
| 4. | Understand Your Footprint and Develop a Strategy | Now that you understand what’s available for renewable electricity at a global scale, it’s time to think local. Start with understanding where your largest electricity consumption is, rolling it up by state, country, and renewable energy market. At each layer, determine what your options are. By doing so, you can formulate a strategy that’s right for your business. |
| 5. | Build Your Extended Team and Execute Contracts | After developing your strategy, it’s time to roll out your program. Bringing the right internal and external stakeholders together at the right time will help ensure a smooth process. |
| 6. | Communicate Your Achievements | An important part of your renewable electricity journey is celebrating successes and sharing your story with the world. As you execute agreements, involve your Communications teams to plan announcements and activities, and encourage others such as your suppliers to follow in your footsteps. When communicating, it is paramount to ensure accuracy of claims to avoid greenwashing or embellishing. Several guides such as the Climate Group and CDP’s RE100 Renewable Electricity Claims Guidance exist to help you make accurate and defendable claims. |
| 7. | Enter Commercial Operation Phase and Measure Success | After celebrating the negotiation and signing of a renewable electricity deal, it is important to deliver on your contractual obligations, establish operating protocols, and measure success of the project. |
Resources
- RE100 Renewable Electricity Claims Guidance
- Climate Group and Carbon Disclosure Project – RE100 Renewable Electricity Claims Guidance
- GHG Protocol Corporate Standard (Scope 1 & 2)
- Greenhouse Gas Protocol – The Corporate Standard (Scope 1 & 2)
- Science Based Target Initiative (SBTi)
- SBTi Target Framework
View All Toolkits
We’ve created various toolkits to support your sustainability goals across your business, and we’re continuously expanding to create more resources for our suppliers.
Sustainability at Merck
We built the framework of this toolkit by leveraging insights from our own strategy. Click here to learn more about sustainability at Merck.
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