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STATEMENT: 3Degrees launches Supplier REACH, a renewable energy portal

(Information sent by the signatory company).

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STATEMENT: 3Degrees launches Supplier REACH, a renewable energy portal

(Information sent by the signatory company)

-3Degrees launches Supplier REACH, an action-oriented renewable energy portal for large companies and their suppliers

SAN FRANSISCO, May 16, 2024 /PRNewswire/ -- In collaboration with Microsoft, 3Degrees, a leading global provider of climate solutions, today announced the official launch of Supplier REach, an innovative tool that allows large companies to activate travel renewable energy from its suppliers. Suppliers can evaluate and source high-quality renewable energy to reduce their greenhouse gas (GHG) emissions, while demonstrating progress to their referring customer along the way.

Although purchasing renewable energy is one of the best first steps on the GHG reduction path, barriers to progress can paralyze suppliers. A first acquisition can be complicated: prices may be opaque, appropriate options may be unclear and may vary across geographies, and they may involve financial risks. To maintain the pace of decarbonization to meet global net-zero emissions goals, suppliers of all sizes must navigate this transition effectively. Supplier REach is a new solution aimed at accelerating the adoption of renewable energy by helping suppliers overcome these challenges.

Organizations using Supplier Reach will invite their suppliers to join the portal. Within the portal, suppliers can evaluate their options and source high-quality renewable energy tailored to their unique requirements. As needed, they can also access educational resources and reporting tools to build internal alignment around the need to take action. Referring organizations can track their suppliers' progress toward renewable energy purchases and encourage momentum in a convenient and customizable way.

"Renewable energy is often the best way to begin a company's transition to a lower-carbon future. Supplier REach is a purpose-driven platform that aims squarely at enabling that all-important first step for a company's suppliers." organization. We are proud to have Microsoft's continued commitment to the scope and features of the tool, and its support for early vendor releases. We both look forward to welcoming additional flagship partners looking to accelerate renewable energy adoption across the board. part of the suppliers".

Erin Craig, Chief Sustainability Officer and Vice President of Client Solutions and Innovation, 3Degrees

"Supplier REach offers Microsoft suppliers simple paths to purchasing carbon-free electricity, serving as a resource on their journey to transition to clean energy and reduce emissions."

Edmond Chan, Senior Sustainability Program Manager, Microsoft Procurement

About 3Degrees

3Degrees is a leading global climate solutions provider and a certified B Corporation. We deliver impactful climate solutions that help our clients achieve their climate goals and advance an equitable transition to a low-carbon future. Learn more at 3Degrees.com or follow us on LinkedIn.

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