Starbucks

Business Context

• Starbucks plans to open as many as 650 locations worldwide in 2026, including 128 in the first quarter.
• Over 2,000 net new stores planned across the global portfolio in 2028, including approximately 400 net new U.S. company-operated stores.
• The company aims to have 10,000 Greener Stores worldwide by 2025.

Commitments

• RE100 member since 2015; achieved 100% renewable electricity for global operations by 2016.
• 50% absolute reduction in scope 1, 2, and 3 GHG emissions by FY2030 from FY2019 baseline; net zero target for 2050.
• SBTi confirmed scope 1 and 2 target aligned with 1.5°C pathway.

Energy Strategy

A retail-focused procurement model built on virtual PPAs and community solar, maintaining 100% renewable electricity coverage for North American stores since 2015 while expanding geographic diversity.

• 2025 Concho County Solar PPA (Texas): 15-year virtual PPA for ~233 GWh/yr share from 350 MW project, co-offtaken with Workday, supporting RAIN-UP initiative.
• 2020 Edwards Sanborn vPPA (California): 24 MW solar + 12 MW storage with Terra-Gen, the first corporate virtual storage agreement for utility-scale batteries.
• 2019 LevelTen Portfolio PPA: 146 MW wind and solar across NC, OK, TX with ALLETE Clean Energy, Cypress Creek, and BayWa r.e.
• Globally, Starbucks purchases enough renewable electricity to power 77% of its company-operated locations, with recent deals emphasizing co-offtake structures and community benefit programs.