Nutrien Ltd.
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Nutrien Ltd. is a Canadian company that operates in the fertilizers sector, providing a range of agricultural products and services to farmers around the world. The company is committed to sustainability and has made significant efforts to reduce its carbon footprint and support the transition to renewable energy.
Decarbonisation is a key focus for Nutrien, as the company recognizes the urgent need to address climate change and reduce greenhouse gas emissions. To this end, Nutrien has set ambitious targets to reduce its carbon footprint, including a goal to reduce its direct and indirect greenhouse gas emissions by 30% by 2030. The company is also working to improve the energy efficiency of its operations and invest in low-carbon technologies.
Corporate energy is another important area of focus for Nutrien, as the company seeks to reduce its reliance on fossil fuels and transition to renewable energy sources. Nutrien has already made significant progress in this area, with renewable energy accounting for 14% of the company's total energy consumption in 2020. The company has also signed several corporate power purchase agreements (PPAs) to secure renewable energy for its operations, including a 10-year PPA for wind power in Saskatchewan and a 20-year PPA for solar power in Chile.
Corporate PPAs are an important tool for companies like Nutrien to support the development of renewable energy projects and reduce their carbon footprint. By entering into long-term contracts to purchase renewable energy, companies can provide a stable revenue stream for developers and help bring new projects online. Nutrien's PPAs have helped to support the development of new wind and solar projects, while also reducing the company's reliance on fossil fuels.
Renewable energy is a key part of Nutrien's sustainability strategy, and the company is committed to increasing its use of renewable energy sources in the coming years. In addition to its existing PPAs, Nutrien is exploring new opportunities to invest in renewable energy projects and support the transition to a low-carbon economy. The company has identified renewable energy as a key area of growth and innovation, and is working to develop new technologies and solutions to support the transition to a more sustainable future.
Overall, Nutrien is a leading player in the fertilizers sector, with a strong commitment to sustainability and decarbonisation. The company's focus on corporate energy and renewable energy is helping to drive the transition to a low-carbon economy, while also supporting the development of new renewable energy projects around the world. As the world continues to grapple with the challenges of climate change, Nutrien's leadership and commitment to sustainability will be critical in driving progress towards a more sustainable future.