COMPAGNIE FINANCIÈRE TRADITION SA

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Delayed Swiss Exchange  -  05/20 11:30:38 am EDT
110.50 CHF   +0.45%
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Tradition Energy : Advises Vassar College on 100% Green Power Purchase

02/26/2020 | 01:16pm EDT

Renewable Purchase Reduces Vassar’s Energy Costs By $225,000

Tradition Energy announces that it has advised Vassar College, Poughkeepsie, New York, on a multi-year renewable electricity purchase that will power their entire 2.3 million-square-foot campus. The agreement accelerates portions of Vassar’s goal to achieve carbon neutrality by 2030.

At the time of the procurement transaction, the cost of buying electricity generated purely by renewable sources was slightly higher than purchasing power generated by carbon-generating sources, such as natural gas and coal. However, the expertly-timed contract renewal process managed by Tradition Energy, Vassar’s advisor since 2014, enabled the college to reduce its budget by $225,000.

“Vassar’s plan to achieve carbon neutrality takes many forms, and one key component has always been moving to 100-percent renewables,” said Sustainability Director Micah Kenfield. “By executing the renewable energy purchase now, we will eliminate more than 2,500 metric tons of carbon emissions per year. That’s almost a 10-percent reduction from our baseline year of 2005, the equivalent of taking more than 500 cars off the road,” added Kenfield.

“We are thrilled to be supporting Vassar College’s ‘Carbon Neutrality by 2030’ initiative with this renewable energy purchase,” said Alan Kurzer, CEO, Tradition Energy. “Vassar’s green purchase follows a continuing trend set in part by higher education and local governments that have committed to achieving aggressive carbon neutrality goals. Everyone at Tradition Energy is proud to be a partner in ‘earth-first’ endeavors like these.”

About Tradition Energy

Tradition Energy is the nation’s largest and most experienced independent energy risk management and procurement advisor, serving more than 1,300 commercial, industrial, and governmental clients ranging from Fortune 500 global companies to medium-sized businesses to local municipalities. Tradition Energy is part of the Tradition Group, a leading global institutional broker of financial and commodity products. Tradition employs over 2,400 people in 29 countries around the world and is publicly listed on the Swiss stock exchange (CFT). www.TraditionEnergy.com


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Capitalization 844 M 865 M 865 M
EV / Sales -1
EV / Sales 0
Nbr of Employees 2 450
Free-Float 20,7%
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Last Close Price 110,50 CHF
Average target price 153,00 CHF
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François Brisebois Chief Financial Officer
Patrick Combes Chairman
Jean-Marie Descarpentries Independent Non-Executive Director
Herve Pierre Benoit Carmen de Carmoy Independent Non-Executive Director
François Carrard Deputy Chairman
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