Potential offtaker

Christie's International plc

www.christies.com

Estimated electricity consumption

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Christie's International plc is a British company that operates in the Auction Houses & Art Dealers sector. The company was founded in 1766 by James Christie and has since become one of the world's leading auction houses. Christie's has a global presence with offices in 46 countries and conducts over 350 auctions annually in over 80 categories, including fine and decorative arts, jewelry, wine, and collectibles. The company has a reputation for excellence in the art world and has sold some of the most valuable and iconic works of art in history.

In recent years, Christie's has taken steps to address the issue of climate change by focusing on decarbonisation and renewable energy. The company has recognized the urgent need to reduce its carbon footprint and has set ambitious targets to achieve this goal. Christie's has committed to reducing its carbon emissions by 50% by 2030 and achieving net-zero emissions by 2050. The company has also pledged to use 100% renewable energy by 2025.

To achieve these targets, Christie's has implemented a range of measures to reduce its energy consumption and increase its use of renewable energy. The company has invested in energy-efficient lighting, heating, and cooling systems in its offices and auction houses. It has also implemented a corporate energy management program to monitor and reduce its energy consumption. Christie's has also signed a corporate power purchase agreement (PPA) to purchase renewable energy directly from a wind farm in Scotland. This PPA will provide the company with 100% renewable energy for its UK operations.

Christie's is also exploring other renewable energy options, such as solar and geothermal energy, to further reduce its carbon footprint. The company is committed to working with its suppliers and partners to promote sustainable practices and reduce the environmental impact of its operations.

In addition to its corporate energy and decarbonisation initiatives, Christie's is also committed to promoting sustainability in the art world. The company has launched a series of sustainability-focused initiatives, including the Green Auction, which raises funds for environmental causes, and the Art + Environment Conference, which brings together artists, scientists, and environmentalists to discuss the intersection of art and the environment.

Overall, Christie's International plc is a company that is committed to addressing the urgent issue of climate change. Through its decarbonisation and renewable energy initiatives, the company is taking concrete steps to reduce its carbon footprint and promote sustainability in the art world. Christie's is setting an example for other companies in the Auction Houses & Art Dealers sector and beyond to follow.

✓ Science Based Targets member
✓ Declared Net Zero commitment