Designer label Ralph Lauren today pledged to power all its owned and operated offices, distribution centers and stores around the world solely with renewable energy by 2025.
Ralph Lauren said it will achieve this commitment by the use of virtual power purchase agreements in North America, which will see the company sign off on long-term agreements with renewable energy developers to provide their power needs at a fixed cost; as well as the use of solar energy installations for some locations in the United States.
President and CEO of Ralph Lauren Corp, Patrice Louvet, said “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.”
“A world that is beautiful and cared for is the ultimate luxury, and we have a role to play in protecting it…”– President and CEO of Ralph Lauren Corp, Patrice Louvet
“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,” Louvet said.
In addition to this commitment, Ralph Lauren also signed the UN Fashion Charter for Climate Action. This will see the company join the movement towards selecting raw materials with low-climate impact and seeking energy efficient measures and renewable energy across its supply chain, a statement from the company said.
The company said it will set a science-based greenhouse gas reduction target come 2020.
Ralph Lauren launched in 1967 and has become known for its premium apparel, accessories, home and fragrance lines.