Investing in green energy
Colruyt Group invests heavily in green energy. We only use electricity from renewable sources such as wind and sun, thus avoiding a lot of greenhouse gas emissions. We generate all our green power ourselves, with our own installations and through participations in various energy companies.
What is green energy?
Green energy is energy that comes from renewable energy sources such as wind, water or sun. These energy sources are infinitely available and air pollution or CO₂ emissions are kept to a minimum to generate energy. This is why the choice for green energy is a good way to actively fight global warming and take care of the environment.
Since 2010: green power
All Colruyt Group sites and activities in Belgium, Luxembourg, France and Hong Kong run on 100% green power. In Belgium this has been the case since 2010 in fact. And the green power we use is 100% self-generated. On the one hand, we produce electricity with solar installations and wind turbines at our store and logistics sites. On the other hand, we buy power from offshore wind farms, co-owned by Colruyt Group. By investing further in renewable energy, our aim is that by 2030 at least 60% of all the energy we use is generated by renewable sources.
consumption of electricity from renewable sources in 2021
energy consumption from renewable sources in 2021
Locally produced green power
We generate our own electricity at many of our sites, for example using solar panels on the stores or wind turbines next to logistics centres. This power is used (mostly) directly on site. Any surpluses are put on the public grid, for which we receive Guarantees of Origin. Annually, the locally produced power covers approximately half of our total power needs.
Green power with Guarantees of Origin (GOs)
We cover the other half of our power needs with green power produced offshore, using Guarantees of Origin, or GOs in short. These certificates prove that the energy was effectively generated by renewable sources. We buy them from the Belgian offshore wind farm Nobelwind, which we co-own through our participation in energy holding Virya Energy. In this way, the group runs entirely on self-generated green power.
As a shareholder of Virya Energy, we participate in other offshore wind farms. Together, on average, they produce up to four times more green power for Colruyt Group than we use ourselves.
Toward ‘greener’ green power
CO2 emissions from electricity generation using solar panels and wind turbines are almost zero. Nevertheless, we are committed to making even more progress by making the production, transport, construction and recycling of wind turbines and solar panels carbon-free. However, the CO2 emissions avoided from these installations are many times greater than the emissions associated with their production and installation.