January 23, 2018
Founded in 1833, the McKesson Corporation is a San Francisco based Fortune 10 company with global operations. Sustainability Roundtable Inc.’s (“SR Inc”) Renewable Energy Procurement Services (“REPS”) team was pleased to help McKesson throughout 2017 develop a renewable energy strategy and select multiple renewable energy development partners to assist in the first phase of a multi-phase solar strategy that will install solar technology at several McKesson distribution centers across the U.S.
McKesson’s on-site renewable energy development is part of a broader program to advance greater environmental sustainability at McKesson. In addition to reducing its carbon footprint through energy efficiency gains in facilities, the company also has programs to recycle, monitor water usage, proactively manage hazardous and regulated waste, and optimize fleet usage to reduce fuel consumption. Several of its facilities are also certified under the U.S. Green Building Council’s LEED (Leadership in Energy and Environmental Design) standard and WELL (a system that measures features of the built environment impact on human health). To learn more about McKesson’s environmental sustainability efforts, read the company’s Corporate Social Responsibility report.
McKesson’s emerging leadership on renewable energy technology advances its role as a global leader in the healthcare distribution industry. McKesson is helping to bring the benefit of renewable and advanced energy technologies to a healthcare distribution industry that features massive roofs, parking lots and corporate customers that are health and sustainability conscious. It is an industry well positioned to benefit substantially from the impressively improving economics of renewable energy technology all around the world.
SR Inc REPS team is led by experts with dozens of years of renewable energy development, procurement and contracting experience who worked in conjunction to help McKesson develop a renewable energy strategy integrated with its conventional energy and sustainability strategies. SR Inc REPS then managed a year-long, multi-stage, competition in the U.S. involving nearly two dozen highly qualified renewable energy developers before selecting two different types of firms for multi-technology and transaction structure Phase I developments in California and New Jersey.
One of the firms McKesson selected for Phase I was NRG Energy which will install solar arrays at a distribution center in Robbinsville, New Jersey. The facility will be furnished with a combination of rooftop and ground-mounted arrays and will have a capacity of up to three megawatts of electricity. NRG is committed to working with McKesson and local authorities to deliver the project from initial planning to final installation and is estimated to be fully operational in 2018.
In addition to generating environmental benefits, the solar arrays in Robbinsville will reduce costs for McKesson, producing electricity equal to approximately 74% of the facility’s annual consumption. The estimated electricity produced in one year of the project is equivalent to powering about 400 U.S. homes. McKesson also awarded multiple additional sites to selected developers at multiple locations in California – including some featuring solar and energy storage – that should create more than 12 MW of solar power in Phase I alone. And McKesson and SR Inc REPS have already begun qualifying competitors to compete to assist McKesson in a larger Phase II of McKesson’s renewable energy strategy. The SR Inc REPS team is also advising multiple SR Inc Member-clients and interested high-credit enterprises on multiple, current, Aggregated Procurements of large scale off-site renewable energy in de-regulated whole sale electricity markets in the U.S.
About SR Inc’s Renewable Energy Procurement Services (REPS):
Sustainability Roundtable Inc. (SR Inc) is the leader in Sustainability Program Management as Service. SR Inc provides a confidential, Membership based, Strategic Advisory & Support Service to help executive teams “Set Goals, Drive Progress and Report Results” in the move to greater enterprise sustainability. SR Inc has helped more than seventy five (75) global corporations and federal agencies on a multi-year basis. For nearly ten years SR Inc has been advising Member-clients regarding on-site and off-site renewable energy procurement in the U.S. and internationally. In 2015, SR Inc was pleased to create its Renewable Energy Procurements Services (REPS) team lead by Board of Advisor Member Roger Freeman who serves as Managing Director. Mr. Freeman is a twenty plus year leader in renewable energy strategy, development, procurement, contracting and law who, due to Member-client demand, expanded REPS in 2016 to welcome Ali Ahmed, an engineer and physicist, who was formerly a six plus year Member-client of SR Inc and the founder and leader of Cisco’s global Energy & Sustainability function. SR Inc REPS has developed and utilized best-in-class tools and data systems to qualify developers, sites, technology and to lead in developing financing and transaction structures to help Member-clients evolve their strategies, qualify alternatives, manage bids, model results and negotiate market leading transactions for tested and financially favorable advanced energy solutions. SR Inc REPS is proud to sponsor the Rocky Mountain Institute’s non-profit Business Renewable Center which is dedicated to accelerating the corporate procurement of renewable energy and is providing 10% of gross fees for Aggregated Procurement transactions in 2018 to Project Drawdown – the world’s first comprehensive plan to reverse global warming. See: www.projectdrawdown.org
About McKesson Corporation
McKesson Corporation, currently ranked 5th on the FORTUNE 500, is a global leader in healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology. McKesson partners with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare to help provide the right medicines, medical products and healthcare services to the right patients at the right time, safely and cost-effectively. United by our ICARE shared principles, our employees work every day to innovate and deliver opportunities that make our customers and partners more successful — all for the better health of patients. McKesson has been named the “Most Admired Company” in the healthcare wholesaler category by FORTUNE, a “Best Place to Work” by the Human Rights Campaign Foundation, and a top military-friendly company by Military Friendly.
Segments of this article first appeared on: McKesson’s website.
Jim Boyle is CEO & Founder of Sustainability Roundtable, Inc. For nearly ten years, Jim has led full-time teams of diverse experts assisting world-leading corporations, real estate owners, and federal agencies in their move to greater sustainability. He has led in developing SR Inc’s confidential, industry specific, annual management assessment and recommendation process for more sustainable operations and real estate that is compatible with major public standards globally. Further, he has directed the development of hundreds of pieces of SR Inc original, case based Management Best Practices Research and Executive Guidance & Tools available in SR Inc.’s digital library. Mr. Boyle also led in the creation of SR Inc’s Renewable Energy Procurement Services (REPS), which advises and represent Fortune 500 Member-clients and rapidly growing public companies across the U.S. and internationally in the development of Renewable Energy Strategies and the procurement of both on and off-site advanced energy solutions. Before founding SR Inc, Mr. Boyle advised fast growth technology firms, private equity firms, and institutional investors as an adviser on real estate strategy and transactions, and before that, as a large law firm attorney assisting corporate and investment clients on complex real estate and environmental compliance-related issues. He co-led Trammell Crow Company Corporate Advisory Services in San Francisco and returned to his native Boston and Trammell Crow Company’s market leading team in Greater Boston where he received the Commercial Brokers Association’s Platinum Award for the highest level of commercial real estate transactions. While at Trammell Crow Company, he incorporated and was the principal co-founder of the Alliance for Business Leadership, a MA based non-profit for CEO, investors and business leaders who share a commitment to public policy that advances a more broadly shared and sustainable prosperity. Jim is a graduate of Middlebury College and Boston College Law School, who early in his career served as a federal law clerk, an aide to John F. Kerry in the U. S. Senate and on Vice President Al Gore’s campaign for President. He lives in Concord, MA with his wife and two children and writes and speaks regularly on management best practices in more sustainable business throughout the U.S.
