Our agreement with Canon Nordics was initially through a Procurement Service Agreement (SA); an energy management contract to facilitate secure delivery with one supplier initially, before switching to an El. Fund later, when it most advantaged Cannon.
Canon Inc. a world-leading provider of consumer, business-to-business, and industrial digital imaging solutions. With climate change high on its agenda and targets to become more sustainable by 2020, it set out to source energy responsibly in order to deliver its goal of reduce carbon emissions by 15% by 2020 (vs 2010) against net sales.
For three years, we worked with Canon Europe providing energy procurement across The Netherlands through a SA. In 2008, we switched them to an El. Fund - a solution where businesses can bundle their requirements with other companies to get a better deal on their energy. Since 2012 Canon Norway have had their own El. Fund portfolio, which enables their own portfolio and a tailored strategy for hedging. Today Kinect Energy provides portfolio and price risk management services via a supplier. We have also undertaken our proprietary risk workshops process with the company to develop a unique risk profile and portfolio pricing strategy. Canon Norway currently uses 1,200 MWh of electricity per year. Through Kinect Energy’s Sustainability team we also provided carbon trading and Canon Norway also bought Guarantee of Origin certificates between 2012 and 2018 to show that their power was coming from specific renewable sources.