StrongAndFree @StrongAndFree: "Good day eTorians, coffee giant $SBUX..."

Germany

Good day eTorians, coffee giant $SBUX (Starbucks Corp) has again affirmed its “planet-positive future”, which includes the 2030 goals to cut its carbon, water and waste footprints by half. Starbucks uses 100% renewable energy for its more than 9,000 U.S. and Canada operated stores since 2015. The company has rapidly expanded its renewable energy projects in the United States ($SPX500), supporting the growth of green energy. Starbucks, which is listed in the $NSDQ100, announced new investments in the US. The company plans to offset 50% of its roasting and beverage production site’s electricity consumption in the United States by 2022 with a solar farm in Virginia. Starbucks is also investing nearly $100 million in more than 20 new community solar projects in New York, which will supply solar energy to Starbucks Stores. Additionally, Starbucks is entering into a combined VPPA and Virtual Storage Agreement (VSA) which in 2021, will provide renewable energy for more than 550 stores in California with solar energy. Certainly, more high-capitalized companies are following this example. The best-known is $AAPL, which are already powering 100% of its facilities with renewable energies and further plans to run its entire supply chain with green energy ($China50). Recently, also $AMZN (Amazon.com Inc) announced new investments in renewable energies, namely wind-power ($VWS.CO), to cut-down their CO2-emissions. Who’s benefiting from this development? Of course, renewable energy companies such as $FSLR, $BLDP (Ballard Power Systems Inc.) or $NDX1.DE (Nordex) (Germany). I personally expect the future energy supply to be a blend of diverse green energy forms such as solar, wind and hydrogen power. That’s why I’d recommend diversifying your portfolio also when it comes to renewables. Have a good day! Björn

Not investment advice. The author may have financial interests in the mentioned instruments.