Universal Corporation is a leading global supplier of tobacco leaf and related products. The company is headquartered in Richmond, Virginia, and operates in more than 30 countries worldwide. With a history dating back to 1918, Universal Corporation has established itself as a trusted and reliable partner to tobacco growers, manufacturers, and customers around the world.

As a company operating in the tobacco leaf sector, Universal Corporation is well aware of the challenges facing the industry today. One of the most pressing issues is the need to decarbonize the supply chain and reduce the environmental impact of tobacco production and processing. Universal Corporation is committed to playing its part in this effort by adopting sustainable practices and investing in renewable energy.

Corporate Energy

One of the ways in which Universal Corporation is working to reduce its carbon footprint is by optimizing its use of energy. The company has implemented a number of energy efficiency measures across its operations, including the installation of energy-efficient lighting, HVAC systems, and equipment. These measures have helped to reduce the company's energy consumption and greenhouse gas emissions, while also lowering its operating costs.

In addition to these measures, Universal Corporation is also exploring opportunities to generate its own renewable energy. The company has installed solar panels at several of its facilities, which generate clean energy to power its operations. By generating its own energy, Universal Corporation is able to reduce its reliance on fossil fuels and lower its carbon footprint.

Corporate PPA

Another way in which Universal Corporation is investing in renewable energy is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a contract between a company and a renewable energy provider, in which the company agrees to purchase a certain amount of renewable energy at a fixed price over a specified period of time.

Universal Corporation has entered into several corporate PPAs with renewable energy providers, which enable the company to purchase renewable energy at a competitive price. By purchasing renewable energy in this way, Universal Corporation is able to support the growth of the renewable energy sector and reduce its reliance on fossil fuels.

Renewable Energy

Universal Corporation is also investing in renewable energy through its subsidiary, Universal Leaf North America. The subsidiary has partnered with a local landfill to capture methane gas, which is then used to generate electricity. This renewable energy source provides a reliable and sustainable source of energy for the local community, while also reducing greenhouse gas emissions.

In addition to these initiatives, Universal Corporation is also exploring opportunities to invest in other forms of renewable energy, such as wind and geothermal. By investing in renewable energy, Universal Corporation is demonstrating its commitment to sustainability and helping to create a more sustainable future for the tobacco industry and the planet as a whole.

Conclusion

Universal Corporation is a leading player in the tobacco leaf sector, with a long history of providing high-quality products and services to customers around the world. As a responsible corporate citizen, the company is committed to reducing its environmental impact and supporting the transition to a more sustainable future.

Through its focus on decarbonization, corporate energy, corporate PPAs, and renewable energy, Universal Corporation is demonstrating its commitment to sustainability and helping to create a more sustainable future for the tobacco industry and the planet as a whole. As the company continues to invest in renewable energy and adopt sustainable practices, it is well positioned to thrive in a changing world and help lead the way towards a more sustainable future.