Earlier this year, the company signed a 12-year power purchase agreement for 74,000 megawatt hours of renewable energy per year—enough to power 7,500 homes. The electricity will be generated by a new solar farm currently under construction near Mildura in north-west Victoria.
Jan Craps, chief executive officer of CUB, described the deal with energy company BayWa r.e as an important step towards realising the company’s commitment to source 100 per cent of its electricity from renewables.
“As one of Australia’s first and leading manufacturing businesses, we have a responsibility to ensure we play our part in tackling climate change and a range of environmental challenges.”
The move by CUB is a significant one. Electricity generation is the largest source of Victoria’s emissions, with the manufacturing sector accounting for 23 per cent of electricity use in 2016.
In a further endorsement of clean energy, CUB will install rooftop solar panels at each of its breweries, including one of Australia’s largest in the inner Melbourne suburb of Abbotsford.
While renewable energy has obvious environmental benefits, Mr Craps said it offers the company reliability and affordability too.
“Beyond our driving commitment to reduce our emissions, the investment stacks up when you look at the reduced price we will pay to power our operations.
“Moving to renewable energy will ensure that we have certainty of supply and pricing, something that is incredibly important for a manufacturing business like ours.”
Among its other sustainability goals, CUB is committed to reducing water usage and improving efficiency across its breweries, while all its products will be in packaging that is either returnable or made from majority recycled content by 2025.
CUB is just one of the major brands that has pledged to TAKE2. Search our pledge directory to find out who else is committed to action on climate change in Victoria.