Americold Realty Trust
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Americold Realty Trust is a leading real estate investment trust (REIT) that specializes in temperature-controlled logistics. The company is headquartered in Atlanta, Georgia, and operates in the United States, Canada, and Argentina. Americold's portfolio consists of over 180 temperature-controlled warehouses, with a total capacity of more than 1 billion cubic feet. The company serves a diverse range of customers, including food producers, retailers, and distributors.
As a leading player in the temperature-controlled logistics sector, Americold is acutely aware of the need to decarbonize its operations. The company has set ambitious targets to reduce its carbon footprint and transition to renewable energy sources. Americold's sustainability strategy is centered around three pillars: reducing energy intensity, increasing the use of renewable energy, and promoting sustainable practices across its operations.
One of the key initiatives that Americold has undertaken to reduce its energy intensity is the implementation of energy-efficient technologies and practices across its warehouses. The company has invested in state-of-the-art refrigeration systems, LED lighting, and energy-efficient HVAC systems to reduce its energy consumption. Americold has also implemented a comprehensive energy management program, which includes regular energy audits, performance benchmarking, and employee training.
In addition to reducing its energy intensity, Americold is also committed to increasing the use of renewable energy sources. The company has set a target to source 50% of its electricity from renewable sources by 2025. To achieve this goal, Americold has entered into several corporate power purchase agreements (PPAs) with renewable energy providers. These agreements enable Americold to purchase renewable energy at a fixed price over a long-term period, providing the company with a stable and predictable source of renewable energy.
One of the key benefits of corporate PPAs is that they enable companies like Americold to support the development of new renewable energy projects. By committing to purchase renewable energy from new projects, Americold is helping to drive the growth of the renewable energy sector and accelerate the transition to a low-carbon economy.
Americold's commitment to renewable energy is also reflected in its investment in on-site renewable energy generation. The company has installed solar panels on the roofs of several of its warehouses, enabling it to generate clean energy on-site and reduce its reliance on grid electricity. Americold is also exploring the potential for other on-site renewable energy technologies, such as wind turbines and geothermal systems.
In addition to its efforts to reduce its carbon footprint and transition to renewable energy, Americold is also committed to promoting sustainable practices across its operations. The company has implemented a comprehensive sustainability program, which includes initiatives to reduce waste, conserve water, and promote sustainable transportation. Americold has also established a sustainability council, which is responsible for overseeing the company's sustainability strategy and ensuring that it remains aligned with best practices and emerging trends.
In conclusion, Americold Realty Trust is a leading player in the temperature-controlled logistics sector, with a strong commitment to sustainability and decarbonization. The company's sustainability strategy is centered around reducing energy intensity, increasing the use of renewable energy, and promoting sustainable practices across its operations. Through initiatives such as corporate PPAs, on-site renewable energy generation, and a comprehensive sustainability program, Americold is driving the transition to a low-carbon economy and demonstrating its commitment to environmental stewardship.