Loxam
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Loxam is a leading French company that operates in the industrial rental services sector. The company has a strong focus on sustainability and has been actively working towards decarbonisation and the adoption of renewable energy sources. Loxam has been at the forefront of the shift towards corporate energy and has been exploring various options to reduce its carbon footprint.
The company has been actively investing in renewable energy sources such as wind, solar, and hydroelectric power. Loxam has set ambitious targets to reduce its carbon emissions and has been working towards achieving them through various initiatives. The company has also been exploring the use of corporate power purchase agreements (PPAs) to source renewable energy.
One of the key initiatives taken by Loxam towards decarbonisation is the adoption of electric vehicles (EVs) in its fleet. The company has been replacing its diesel-powered vehicles with EVs to reduce its carbon emissions. Loxam has also been investing in charging infrastructure to support the adoption of EVs. The company has set a target to have 50% of its fleet as electric vehicles by 2025.
In addition to the adoption of EVs, Loxam has also been exploring the use of hydrogen-powered vehicles. The company has been working with partners to develop hydrogen fuel cell technology for its fleet. The use of hydrogen as a fuel source has the potential to significantly reduce carbon emissions and Loxam is committed to exploring this technology further.
Loxam has also been investing in renewable energy projects to reduce its reliance on fossil fuels. The company has been involved in the development of wind and solar projects in France and has been exploring opportunities to invest in other renewable energy projects across Europe. Loxam has set a target to generate 50% of its energy from renewable sources by 2025.
The company has also been exploring the use of corporate PPAs to source renewable energy. A corporate PPA is a long-term agreement between a company and a renewable energy provider to purchase electricity at a fixed price. This allows companies to secure a reliable and affordable source of renewable energy while also supporting the development of new renewable energy projects.
In 2020, Loxam signed its first corporate PPA with a wind farm in France. The agreement will allow Loxam to purchase renewable energy at a fixed price for the next 10 years. The company plans to sign more corporate PPAs in the future to support its decarbonisation efforts.
In addition to its focus on decarbonisation and renewable energy, Loxam has also been working towards reducing its overall energy consumption. The company has been investing in energy-efficient technologies and has been implementing energy-saving measures across its operations. Loxam has set a target to reduce its energy consumption by 20% by 2025.
Overall, Loxam is a company that is committed to sustainability and has been actively working towards decarbonisation and the adoption of renewable energy sources. The company has set ambitious targets to reduce its carbon emissions and has been exploring various options to achieve them. Loxam's focus on sustainability is not only good for the environment but also makes good business sense, as it allows the company to reduce its energy costs and improve its bottom line.