Key Impression Factors:
- Formidable Web Zero Aim: Levi Strauss & Co. unveils its first local weather transition plan aiming for Web Zero emissions by 2050.
- Strategic Focus Areas: The plan facilities on bettering operations, participating the worth chain, and making certain sturdy governance.
- Concrete Targets Set: Targets embrace a 90% discount in scope 1 & 2 emissions by 2025 and a 42% discount in scope 3 emissions by 2030.
Levi Strauss & Co. (LS&Co.) has launched its inaugural local weather transition plan, outlining a transparent roadmap to scale back greenhouse gasoline (GHG) emissions and obtain Web Zero standing by 2050.
Why it issues: Web Zero commitments and clear transition plans are the company gold commonplace for emissions discount efforts, signaling a critical dedication to a 1.5-degree pathway transition.
The plan focuses on three key areas:
- Bettering Operations: LS&Co. goals to scale back scope 1 and scope 2 emissions via investments in energy-efficient know-how, renewable vitality options, and integrating local weather concerns into partnerships and procurement processes.
- Partaking the Worth Chain: The corporate commits to working with its world suppliers to mitigate scope 3 emissions. Methods embrace setting Science Based mostly Targets initiative (SBTi)-aligned objectives for key suppliers, investing in sustainable supplies and innovation, and selling sustainable cotton farming practices.
- Guaranteeing Good Governance and Planning: LS&Co. is embedding local weather dangers and alternatives throughout the enterprise, in search of third-party skilled suggestions, and utilizing its affect to advance insurance policies that assist the local weather transition.
What they’re saying:
“For years, LS&Co. has been deeply engaged in preventing the local weather disaster and sought to guide by instance in tackling probably the most urgent and pressing problems with our time. Our local weather transition plan embodies our dedication to doing our half, reaching our targets, and dealing with companions throughout our worth chain to allow collective motion to handle local weather change. These steps is not going to solely transfer us towards our Web Zero local weather ambition by 2050, but in addition strengthen our personal enterprise’s resilience to the results of local weather change,” stated Jeffrey Hogue, LS&Co.’s chief sustainability officer.
Associated Article: AIIB Commits $100 Million to Local weather Transition Investments in Rising Asia
Key targets embrace:
- 90% absolute discount in scope 1 & 2 GHG emissions by 2025 from a 2016 base yr.
- 42% absolute discount in scope 3 GHG emissions from bought items and providers for attire manufacturing emissions associated to tops and bottoms by 2030 from a 2022 base yr.
- Attaining 100% renewable electrical energy in all company-operated services by 2025.
- 50% discount in freshwater use in manufacturing in areas of high-water stress by 2025 (in opposition to a 2018 base yr).
Trade response:
“The local weather disaster is barely rising in urgency, and we applaud corporations like Levi Strauss & Co. for not solely setting clear, formidable targets aligned to the Paris Settlement, however for additionally publicly declaring how they’ll make significant progress. In a time the place corporations could also be tempted to remain quiet on sustainability efforts, it’s vital to push for this stage of transparency. A local weather transition plan permits all stakeholders to grasp how the corporate will work along with its worth chain. I urge corporations to concentrate on folks, inside and outdoors the corporate, who will likely be crucial companions in reaching the transition plan,” stated Eliot Metzger, director of sustainable enterprise and innovation at World Assets Institute.
“Local weather change can’t be addressed by any single actor, and Ceres was proud to companion with Levi Strauss & Co. to facilitate a multi-stakeholder dialogue on methods to virtually and holistically obtain the required emissions discount throughout their worth chain. Soliciting considerate suggestions all through the transition planning course of is crucial to constructing an achievable roadmap and we hope Levi’s journey encourages corporations in and outdoors the attire sector to decide to the identical stage of transparency,” added Tyler McCullough, Supervisor of Company Local weather Motion at Ceres.
Wanting forward: LS&Co. plans to replace its local weather transition plan no less than each three years to keep up alignment with the newest local weather science and internationally accepted frameworks. The corporate stays dedicated to transparency via common sustainability reporting, specializing in local weather, consumption, and group.
