Ralph Lauren Corp. has plans to leave fossil fuels in the past.
The company officially committed to converting its business, including offices, stores and distribution centers, to run on 100 percent renewable energy by the year 2025. Additionally, Ralph Lauren Corp. said that it will be joining RE100, a group of 212 businesses committed to the use of renewable power, including Apple, Bank of America, Ikea and more.
The move follows Ralph Lauren’s “Design the Change” initiative, which outlines goals for sustainable product design, chemical management, supplier engagement and the use of more sustainable materials. The apparel empire is also joining a “number of leading companies” in signing the “We Are Still In” coalition, a group founded in opposition to the Trump administration’s plan to pull out of 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,” Patrice Louvet, president and CEO of Ralph Lauren Corp, said in a statement announcing the plan.
“Today, we strengthen our commitment to address climate change, one of the biggest challenges facing our world,” Louvet continued, “by joining the movement of companies driving the adoption of renewable energy and affirming our support for the Paris Agreement.”
Ahead of the United Nations Climate Change Conference (COP 25), which commenced Monday in Madrid, the company revealed other pledges that supplement its push toward sustainable energy sources. Ralph Lauren has signed the UN Fashion Industry Charter for Climate Action, which places an emphasis on sourcing raw materials with a low impact on the environment along with the pursuit of renewable energy usage.
In order to meet its renewable energy goals, Ralph Lauren said it will begin to pay for virtual power purchase agreements (VPPAs) in North America and assess “a select number” of its U.S. facilities for possible solar power installations. For energy usage that’s unaccounted for, Ralph Lauren will purchase “Green Power Products,” which include credit-based programs like Renewable Energy Certificates, Guarantees of Origin and International Renewable Energy Credits.
The company said it plans to set its own science-based greenhouse gas reduction targets at some point next year.
The American fashion company also recently said it’s exploring millennial- and Gen Z-friendly business models including rentals, subscriptions and resale.