Ralph Lauren will use renewable electricity to power all of its globally owned and operated offices, distribution centres and stores by 2025, and join RE100, a group of influential businesses committed to the use of renewable power. The initiative on sustainability builds on the commitments outlined in the company’s Design the Change strategy.
Pic: Ralph Lauren Corporation
The announcement advances the company’s work to integrate citizenship and sustainability across its global business.
In addition, and ahead of the upcoming United Nations Climate Change Conference (COP 25) in Madrid, Ralph Lauren has signed the UN Fashion Industry Charter for Climate Action, which contains several climate-related commitments, including prioritising the use of raw materials with low-climate impact and pursuing energy efficiency measures and renewable energy across the supply chain.
It has also affirmed its commitment to the Paris Agreement by joining the “We Are Still In” coalition and signing a joint letter, alongside a number of leading companies and CEOs, urging the United States government to remain a signatory to the Paris Agreement.
“A world that is beautiful and cared for is the ultimate luxury, and we have a role to play in protecting it by addressing our impacts and creating a more sustainable future,” said Patrice Louvet, president and CEO, Ralph Lauren. “Today, we strengthen our commitment to address climate change, one of the biggest challenges facing our world, by joining the movement of companies driving the adoption of renewable energy and affirming our support for the Paris Agreement.”
To achieve its goal to power all owned and operated offices, distribution centres and stores with 100 per cent renewable electricity by 2025, the company will pursue a combination of virtual power purchase agreements (VPPAs) in North America as well as assess a select number of US sites for onsite solar power installations. For the remaining electricity use, the company will purchase Green Power Products, including Renewable Energy Certificates (RECs), Guarantees of Origin (GoOs) and International Renewable Energy Credits (I-RECs). Next year, the company will set a science-based greenhouse gas reduction target.
Source:Fibre2Fashion News Desk (SV)