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Charles River Laboratories Announces Long-Term Solar Contract for North American Operations
Commits to sourcing 100% renewable electricity and reducing 50% of greenhouse gas emissions from facilities by 2030
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Charles River and Duke Energy Sustainable Solutions* have entered into a 15-year, 102 megawatt (MW) virtual power purchase agreement (VPPA). Charles River’s portion of the 250 MW Pisgah Ridge Solar project, which is located in
The Pisgah Ridge Solar project has been developed and is owned by Duke Energy Sustainable Solutions. The project is under construction and expected to achieve full commercial operations by year-end 2022, and to begin providing Charles River with the corresponding renewable energy benefits in 2023.
Charles River’s Sustainability Initiatives
This VPPA is a significant step forward on the Company’s path towards achieving 100% renewable electricity globally by 2030, in cooperation with the RE100. Once the Pisgah Ridge Solar project is online, Charles River will be supplied by approximately 60% renewable electricity globally. Additionally, the VPPA will support Charles River’s efforts to limit climate change to 1.5 degrees Celsius as evidenced by participation in the Science-based Targets Initiative (SBTi) and Business Ambition for 1.5°C. Charles River has established goals to:
- Reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions of its facilities by 50% by 2030, as compared to Charles River’s baseline in 2018; and
- Reduce absolute Scope 3 (value chain) GHG emissions by 15% by 2030 as compared to Charles River’s baseline in 2019.
Additionally, in late 2019, the Company announced the creation of the
Charles River was advised on the VPPA by Schneider Electric, who assisted the Company in its project selection and negotiations. To learn more about Charles River’s sustainability efforts visit its Corporate Citizenship page. The Company’s Corporate Citizenship Report is available here and discloses the most up-to-date Environmental, Social and Governance (ESG) information, including a GRI Content Index and ESG performance data table.
“We have a responsibility to reduce our climate impact. I am proud to strategically commit to clean energy, which markedly impacts our ability to reduce GHG emissions.” –James
C. Foster, Chairman, President and Chief Executive Officer at Charles River
- “Since 2018, Charles River has reduced our global GHG emissions by 26% through the procurement of renewable energy agreements at the regional or country level, as well as the implementation of numerous energy conservation projects globally. This North American VPPA will move us significantly closer to meeting our overall goal of a 50% reduction by 2030.” –Gregg Belardo, Senior Director of EHS & Sustainability at Charles River
“We’re privileged that Charles River has chosen Duke Energy Sustainable Solutions to play a role in reducing their climate impact. Not only will
Pisgah Ridge Solardeliver clean renewable energy resources to communities in Texas, it is supporting Charles River’s goals of reducing its emissions footprint in North America.” – Chris Fallon, President of Duke Energy Sustainable Solutions
About Charles River
Charles River provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and leading academic institutions around the globe accelerate their research and drug development efforts. Our dedicated employees are focused on providing clients with exactly what they need to improve and expedite the discovery, early-stage development and safe manufacture of new therapies for the patients who need them. To learn more about our unique portfolio and breadth of services, visit www.criver.com.
About Duke Energy Sustainable Solutions
Duke Energy Sustainable Solutions (DESS) is a nonregulated commercial brand of
Duke Energy Sustainable Solutions is a leader in sustainable energy, helping large enterprises reduce power costs, lower emissions and increase resiliency. The team provides wind, solar, resilient backup power and managed energy services to over 1,000 projects across the
Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top
* Duke Energy Sustainable Solutions is a non-regulated commercial brand of
About Schneider Electric
At Schneider, we believe access to energy and digital is a basic human right. We empower all to do more with less, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate with our Meaningful Purpose, Inclusive and Empowered values.
Corporate Vice President, Investor Relations
Corporate Vice President, Public Relations