News Type: Press Release

3Degrees Achieves B Corp Certification for Third Year in a Row

image: a forest scene with the B-corp logo

For the third year in a row, 3Degrees has achieved B Corp (Benefit Corporation) certification. This certification means that 3Degrees has legally expanded its corporate responsibilities to include consideration of stakeholder – not just shareholder – interests. 3Degrees met B Lab’s rigorous standards of social and environmental performance and joins a community of like-minded companies that are redefining what business success means.

3Degrees became a B Corp in 2012 because the firm was built upon the idea that businesses need to consider the impact of their products and services on their employees, suppliers, community, and environment. In becoming a B Corp, 3Degrees demonstrates that social and environmental responsibility is not just a value of theirs, but one that they have integrated into their corporate DNA.

In the 2014 Benefit Corporation Annual Report, CEO Steve McDougal explains:

“We are proud to be a B Corporation. It is a touchstone for us and the work that we do. B Corps stand for positive, innovative, and practical solutions to global problems. B Corps redefine the meaning of success in business. B Corps look to create enduring prosperity for all stakeholders, including employees, suppliers, the community, the environment and shareholders.

We embrace this definition of success and strive to align our company with the value of meaningful and prosperous engagement for all stakeholders. It is a journey, and in 2014 we made significant progress on this journey.”

3Degrees named “Best for the World” by B Lab

image: a forest scene with the B-corp logo

In the top 10% of certified B Corporations worldwide for governance

3Degrees was recently honored for our accomplishments by B Lab, the nonprofit organization that certifies B Corporations. Specifically, we were recognized in the “Best for the World: Long Term” category as a result of our mission driven, transparent governance.

The 2017 Best for the World for the Long Term evaluates companies on their adoption of  a social or environmental mission, and how they engages employees, board members and the community to achieve that mission. Moreover, it assesses employee access to financial information, customers’ opportunities to provide feedback, and the diversity of the company’s governing bodies.

“Receiving this award from B Lab is testimony to one of our company values – that we are passionate about our mission…really,” said Steve McDougal, CEO of 3Degrees.  “It’s a great tribute to the work that our employees do every day to make sure that we live the values of the B Corp movement.”

Only the top 10 percent of Certified B Corporations received awards. 2017 Best for the Long Term companies winners represent 79 different industries and 13 countries.

This is the third time that 3Degrees has received a Best for the World award. In 2016, we won in the Best for the Environment category, and in 2013, we won  in the Best for the Worker category.

3Degrees has been a certified B Corp since 2012 and continually strives to improve our performance across all metrics, including social and environmental performance, accountability, and transparency.

 

Applied Materials Commits to 100 Percent Renewable Energy Sourcing Worldwide

Power purchase agreement with Apex Clean Energy targets 100 percent renewable energy sourcing in the U.S. by 2022

Under a broad set of ESG initiatives unveiled today by company President and CEO Gary Dickerson, Applied Materials announced a commitment to 100 percent renewable energy sourcing by 2030.

In accordance with its goal, Applied has joined other technology leaders in committing to purchase energy from the 500 megawatt (MW) White Mesa Wind project being developed by Apex Clean Energy in Crockett County, Texas. Applied’s power purchase agreement (PPA) covers 10 percent of the project’s clean energy output, an amount equivalent to the power needs of more than 13,000 homes.

“Our PPA is an important step in helping Applied Materials reach our reduced carbon footprint targets as it will enable us to achieve 100 percent renewable energy sourcing in the U.S. and 73 percent worldwide by 2022,” said Scott Hambleton, managing director of Environmental, Health and Safety at Applied Materials. “We are excited to accelerate our environmental sustainability goals with a clean energy project that is supported by other leading technology companies.”

“White Mesa clearly demonstrates the power of corporate energy purchasers working together to bring new renewable energy projects to life,” said Mark Goodwin, president and CEO of Apex Clean Energy. “We welcome Applied Materials as the latest offtaker of the White Mesa Wind project and applaud the company’s dedication to incorporating sustainable practices into its business.”

3Degrees, a specialist in renewable energy, transportation decarbonization and other climate solutions, facilitated the agreement. “We are pleased to have helped facilitate this power purchase agreement with Applied Materials and Apex Clean Energy,” said Steve McDougal, CEO, 3Degrees. “It’s exciting to see a growing number of companies in the technology sector, and beyond, pledge long-term support to increase their commitment to renewable energy and help mitigate climate change.” 

“Applied Materials is solidifying itself as a renewable energy leader through strong commitments to reduce its carbon footprint and achieve 100 percent renewable energy sourcing globally over the next 10 years,” said Miranda Ballentine, CEO, Renewable Energy Buyers Alliance (REBA). “As we work toward achieving a zero-carbon future, this type of leadership will continue to move the industry forward and set an example for other large energy buyers to follow.”


About Applied Materials, Inc.

Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible the technology shaping the future. Learn more at www.appliedmaterials.com.

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Contact:

Ricky Gradwohl (editorial/media) 408.235.4676

Michael Sullivan (financial community) 408.986.7977

3Degrees Offsets Corporate Water Use Through Investments in Two Different Ecosystems

water

New program allows for continued environmental improvement, leadership

In a continued effort to decrease its environmental impact, 3Degrees has offset its 2014 water footprint through the purchase of Water Restoration Certificates (WRC).

Similar to how companies purchase Renewable Energy Certificates (RECs) to balance out their electricity consumption for areas where they cannot reduce their energy usage, 3Degrees has purchased WRCs to cover the areas where water usage cannot be reduced, such as day-to-day office operations. Each certificate represents 1,000 gallons of water restored to critically dewatered rivers and streams through solutions like water conservation, updated management and irrigation systems, and changes to water rights and agreements. All projects are certified by the National Fish and Wildlife Foundation (NFWF).

3Degrees is proud to be supporting the Sevenmile Creek project in the Klamath River Basin, and the Colorado River Delta project, located in Sonora, Mexico. The Klamath River Basin straddles Oregon and California, two of the states where 3Degrees operates its largest office sites. The basin is home to six National Wildlife Refuges, but extreme over allocation and diversion of water resources has resulted in inadequate stream flows and the degradation and loss of critical aquatic habitat. The Colorado River Delta, located at San Luis Rio Colorado, Sonora, Mexico, was once one of North America’s great desert ecosystems, but due to historical treaties between the U.S. and Mexico that neglected to allocate water to sustain the river, the delta has been almost completely dry for the past five decades. The projects that our purchases support are restoring these important water resources.

“3Degrees is committed to reducing our environmental impact,” says Steve McDougal, President of 3Degrees. “Water Resource Certificates provide an opportunity to support projects that restore critical wildlife habitat while offsetting the use of water in our business operations.”

Water Resource Certificates are 3Degrees’ latest commitment to environmental stewardship. As a Certified B Corp, 3Degrees meets rigorous standards of social and environmental performance.  Our on-going commitment to the environmental is evidenced by our recent designation as Climate RegisteredTMPlatinum and being named one of the National Best and Brightest Sustainable Companies®. More details about our focus on sustainability can be found on our About page.

3Degrees announces request for proposals for equity audit

equity audit3Degrees is seeking a third-party group to work with our diversity & inclusion committee, executive team, HR, and individual employees across the company to conduct an equity assessment/audit at the beginning of 2018, and provide recommendations to be incorporated into early 2018 goals. The full request for proposal, including instructions for submission and deadlines, can be downloaded here.

Background

At the end of 2016, we formed an employee-led diversity & inclusion committee and began forming company-wide goals for improvements in equity focused policies, processes and culture. We also created and submitted several goals to align with the BCorp Inclusion Challenge.

One of these goals centers specifically around completing an equity audit. Our hope is that this will include an assessment of our current efforts to create an equitable work environment for current and future employees as well as identify how to improve our recruitment practices to ensure maximum inclusion and build policies to better support equity through our partnerships with suppliers and vendors.

Although we’ve already implemented several diversity & inclusion trainings for employees, we recognize how important it is to establish an understanding of where we are at as a company. We’re confident that an equity audit will inform our goals and efforts moving forward.

3Degrees and LevelTen Energy Announce Partnership to Help More Companies Achieve Renewable Energy Goals

3degrees_LevelTen

Collaboration brings LevelTen’s global renewable energy project supply and transaction infrastructure to support 3Degrees’ leading consulting services

Oct. 29, 2020 – Global renewable energy and climate consulting leader 3Degrees today announced a new partnership with LevelTen Energy, enabling the firm to leverage the LevelTen Marketplace to search, compare, and source new renewable energy power purchase agreements (PPAs) for its clients.

The new partnership provides 3Degrees direct access to LevelTen’s searchable PPA marketplace—the largest PPA collection in the world—with more than 3,800 Transaction-Ready Pricing™ offers spanning 21 countries in North America and Europe. It also provides access to quality-controlled market data, automated risk analytics, RFP automation software, performance monitoring, and other powerful efficiency tools. With access to this key renewable transaction infrastructure provided by LevelTen, 3Degrees can further scale its world-class consulting practice, providing global customers with even more choice and value in renewable energy procurement.

“3Degrees’ proven expertise helps organizations around the world implement renewable energy, supply chain and transportation decarbonization, and other climate strategies,” said Rebecca Sternberg, Vice President, Energy and Climate Practice at 3Degrees. “With LevelTen’s unmatched collection of renewable PPA offers and transaction tools, we can now connect these clients to a wider range of high value, low-risk renewable energy opportunities, and do it faster than ever before.” 

The partnership is also indicative of another, broader trend, as the renewable market begins to mature. “Corporate clean energy demand is surging at such a rate that developers and brokers can no longer serve the market in a piecemeal way,” said Kyle Harrison, Senior Associate at BloombergNEF. “Buyer preferences are also changing as the pool of interested customers grows. It makes sense that advisory specialists, like 3Degrees, and infrastructure specialists, like LevelTen, come together to offer a more dynamic product and help scale up the market.”

The collaboration allows both partners to leverage their unique strengths and to achieve their shared objective: supporting a sustainable, carbon-free energy system.

“LevelTen and 3Degrees share the same vision: accelerating the clean energy transition,” said Ryan Warren, Vice President of Marketing at LevelTen Energy. “By bringing together 3Degrees’ customer and execution expertise, and LevelTen’s global energy project supply and renewable transaction infrastructure, we’re both better positioned than ever before to make this future a reality.”

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About LevelTen Energy

LevelTen Energy is the leading provider of transaction infrastructure for the renewable energy economy. Our platform delivers buyers, sellers, advisors, and financiers the automation software, data management, and standardized contracts needed to facilitate faster, safer renewable energy transactions. LevelTen’s marketplace of renewable energy power purchase agreements is the world’s largest, with more than 4,000 Transaction-Ready Pricing™ offers spanning 21 countries in North America and Europe. LevelTen’s CFO-Ready Analytics™ automatically calculate more than a billion data points every day, providing our partners with leading-edge, real-time risk and value insights at modern market scale. Together, LevelTen and our partners share #OneGoal to accelerate the clean energy transition. Visit us at LevelTenEnergy.com to learn more.

Seattle City Light Selects 3Degrees for Green Power Programs

Fireworks around Seattle's Space Needle

Scope includes green program design, marketing services and support for community solar, energy efficiency

3Degrees Inc., a leader in utility green power programs, recently signed a multi-year contract with Seattle City Light to support innovations in their renewable energy programs. Through this contract, 3Degrees will provide consulting services to Seattle City Light on a number of green power topics.

In addition, 3Degrees will be responsible for a variety of marketing activities, including support for an overall green program marketing strategy which is designed to cross promote energy efficiency and renewable energy through all appropriate marketing channels. 3Degrees also will provide marketing and outreach services for the utility’s existing green power programs, including Green Up and the utility’s  award-winning community solar program.

“Seattle City Light has been a leader in offering renewable energy options to its customers,” says Adam Capage, Vice President of Utility Partnerships at 3Degrees. “We are excited by the opportunity to help them as they grow and expand the Green Up and community solar programs.”

About Seattle City Light

Seattle City Light is the 10th largest public electric utility in the United States. It has some of the lowest cost customer rates of any urban utility, providing reliable, renewable and environmentally responsible power to about 750,000 Seattle area residents. City Light has been greenhouse gas neutral since 2005, the first electric utility in the nation to achieve that distinction.

First RGGI carbon offset project launched by 3Degrees

Offers new opportunities to reduce carbon emissions within RGGI

3Degrees, in partnership with Dorchester Renewable Energy LLC, registered the first ever carbon offset project under the Regional Greenhouse Gas Initiative (RGGI), a mandatory cap and trade program covering the electric sector in nine states in the eastern U.S.

The project destroys methane gas from the New Beulah Landfill located on Maryland’s eastern shore. It is expected to reduce greenhouse gas emissions equal to more than 20,000 metric tons of CO2 per year.

“We are pleased to continue our history of ‘firsts’ in the carbon market, which dates back to a time when we were still known as TerraPass,” said Mark Mondik, Vice President of Carbon Markets at 3Degrees.  TerraPass, renamed Origin Climate in 2014, became part of 3Degrees in a merger between the companies earlier this year.

The sale of RGGI offsets will provide the sole source of revenue to support the operation of the project.

“RGGI support is critical to this project,” said Tom Koch, Principal of Dorchester Renewable Energy. “Voluntary market prices for landfill gas offsets aren’t sufficient to make projects like this economically viable, but through RGGI we are able to reach higher-value buyers.”

According to the latest “Inventory of U.S. Greenhouse Gas Emissions and Sinks” published by the U.S. Environmental Protection Agency (EPA), landfills in the United States still account for around 115 million metric tons of CO2-equivalent emissions per year.

 

First-ever Peace REC
(P-REC) transaction drives renewable energy development in Africa

Nuru Solar Photo

For Immediate Release

SAN FRANCISCO, CA – The first-ever Peace Renewable Energy Credit (P-REC) transaction has been executed by Microsoft with Energy Peace Partners (EPP) and project developer Nuru. In the agreement, Microsoft is purchasing P-RECs issued by EPP from a new solar project in the Democratic Republic of the Congo (DRC), which will directly finance the installation of streetlights in a recently electrified neighborhood of Goma, the capital of North Kivu province. The streetlights are connected to the same solar-plus-storage system which generates the electricity associated with the P-RECs. The transaction was facilitated by renewable energy, transportation decarbonization, and climate solutions specialist 3Degrees.

P-RECs are international renewable energy certificates (I-RECs) with a supplementary label from issuer EPP certifying the co-benefits associated with the new renewable energy generation. P-REC projects are located in countries that are characterized by high risk of conflict, high vulnerability to climate change, low levels of electrification, and limited access to renewable energy finance. The agreement with Nuru requires that the majority of funds from the sale of P-RECs support a project that creates social and economic co-benefits in that community. Microsoft is the first company to execute a P-REC transaction.

The P-RECs purchased by Microsoft will be issued by EPP from Congolese solar developer Nuru’s newly commissioned 1.3 MW commercial solar-plus-storage project in Goma’s Ndosho neighborhood. Goma is located in conflict-affected eastern DRC, where only 3% of residents have access to electricity in many neighborhoods. Microsoft’s P-REC purchase allowed Nuru to fund the construction of mini-grid-connected streetlights in Ndosho, a community impact project co-designed with local stakeholders. Installation of the streetlights was completed earlier this year and has already improved nighttime road safety and neighborhood security, allowing businesses to stay open later at night, and reduced reliance on diesel generators, which are both expensive and highly polluting, in an area that has never had grid infrastructure.

“We developed the P-REC in order to support new renewable energy projects in fragile, energy poor regions of the world,” said David Mozersky, President, Energy Peace Partners. “With this inaugural P-REC purchase, Microsoft is demonstrating that corporate renewable energy procurement can be high impact by making a difference in communities like Ndosho, where increased access to sustainable and affordable power will be transformative. Energy Peace Partners is proud of this groundbreaking collaboration with Microsoft, 3Degrees and Nuru.”

“We applaud Microsoft’s innovative approach to its renewable energy and community development goals, and their willingness to lead with this inaugural purchase of P-RECs,” said Steve McDougal, CEO, 3Degrees. “This unique transaction unlocks a new energy attribute option that other organizations can now leverage to drive renewable projects in underserved communities around the globe. It’s been an honor for 3Degrees to partner with these three pioneering organizations to help bring this first-of-its-kind project to life.”

“Nuru is thrilled to be working with Microsoft, Energy Peace Partners, and 3Degrees to launch the P-REC in eastern DRC,” said Jonathan Shaw, Co-Founder and CEO, Nuru. “This bold, forward-thinking commitment is exactly what is required to unlock the human potential of complex, challenging contexts like eastern Congo. Thousands will benefit from this initiative, and we could not have asked for more committed and innovative partners throughout the process.”

“With P-RECs, companies like Microsoft that are looking to procure renewable energy can invest in regions that are the most impacted by climate change and that are currently deprived of access to modern energy,” said Vanessa Miler, Director, Energy Innovation and Impact, Microsoft. “Companies can maximize the impact of their investments not only from a carbon reduction perspective but also from a climate equity perspective.”

Read the case study to learn more.


About Energy Peace Partners
Energy Peace Partners leverages climate finance solutions to support peace in places affected by violent conflict. We believe that a paradigm shift toward climate-sensitive development can deliver enduring benefits to the planet’s most vulnerable populations. The Energy Peace Partners team brings together expertise in international peacebuilding, renewable energy, and climate security. Our efforts create an enabling environment for introducing renewable energy that can serve as the building blocks for peace.

About Nuru
Nuru is a company dedicated to enhancing connectivity in the Democratic Republic of Congo. Nuru deployed Congo’s first solar-based mini-grid in 2017 and most recently deployed a 1.3 MW commercial solar-plus-storage hybrid site in Goma, North Kivu—one of the largest off-grid mini-grids in sub-Saharan Africa. Nuru, meaning “light” in Swahili, encapsulates our vision to inspire and catalyze the incredible human potential in Congo by providing 5 million delighted clients with world-class connectivity by September 24, 2024.

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Media Contacts:

Sherwin Das, Energy Peace Partners
sdas@energypeacepartners.com

Kyle Hamilton, Nuru, 1.225.456.6680
k.hamilton@nuru.cd

Rachel Fagan, 3Degrees, 1.512.402.8683
rfagan@3degrees.com

Photo courtesy of Nuru