Financial News
Kimberly-Clark Earns Top Project of the Year Award From Environment + Energy Leader for Maverick Creek Wind Farm
SOURCE: Kimberly-Clark Corporation
DESCRIPTION:
Kimberly-Clark’s energy project at Maverick Creek, a 50,000-acre wind farm in Eden, Texas owned and operated by Algonquin Power & Utilities Corp., received the Top Project of the Year Award in the elite Environment + Energy Leader Awards program. The win is an indication the program’s expert judges consider Kimberly-Clark’s Maverick Creek project a top example of the exemplary work being done today in the fields of energy and environmental management.
Maverick Creek powers the production of many essential products Kimberly-Clark produces including Kleenex®, Scott®, Cottonelle®, and Viva® with more than 670,000 megawatt hours of renewable energy annually. The wind farm also reduces Kimberly-Clark’s greenhouse gas emissions by more than 300,000 MTCO2e, which is equivalent to emissions from more than 65,000 passenger vehicles driven for one year.
“Innovative tactical partnerships like this is what can advance the renewable energy growth in consumer products and help the U.S. in being a leader in renewable power worldwide,” said one judge. Another added, “This is a vital element of Kimberly-Clark’s GHG corporate strategy and places the company in a high circle of renewable energy producers.”
Investing in renewable energy is a crucial part of Kimberly-Clark’s commitment to consumers to help protect the planet, and wind energy is one way Kimberly-Clark is getting closer to reaching its 2030 goal of reducing its greenhouse gas emissions (Scope 1 + 2) by 50%. With Maverick Creek up-and-running, products like Kleenex®, Scott®, Cottonelle®, and Viva® are proud to claim:
- 100% of pulp is sourced from responsibly managed forests
- 100% of tissue manufacturing is powered by wind energy, off-setting 100% purchased electricity with power generated by U.S. wind farms
The Environment + Energy Leader Awards is a program recognizing excellence in products and services that provide companies with energy and environmental benefits, and in projects implemented by companies that improved environmental or energy management and increased the bottom line.
“With a very experienced and critical judging panel and a strict set of judging criteria, entrants faced an extremely high bar to qualify for an award in 2021” says Sarah Roberts, Environment + Energy Leader publisher.
Maverick Creek broke ground in November of 2019 and began operations in December 2020.
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KEYWORDS: NYSE:KMB, Kimberly Clark
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