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Ralph Lauren joins RE100, commits to 100% renewable power by 2025

Solar panels. Author: Oregon Department of Transportation. License: Creative Commons. Attribution 2.0 Generic

December 2 (Renewables Now) - US fashion company Ralph Lauren Corp (NYSE:RL) on Monday announced its commitment to use 100% renewable power for all of its facilities worldwide by 2025 and joined the same-minded businesses in the RE100 global corporate initiative.

To make all owned and operated offices, distribution centres and stores run exclusively on renewables, Ralph Lauren said it will rely on a combination of virtual power purchase agreements (VPPAs) in North America and pick sites for onsite solar power installations in the US.

The company also intends to purchase green power products, including renewable energy certificates (RECs), Guarantees of Origin (GoOS) and international renewable energy credits (I-RECs).

Timing its announcement to coincide with the start of the 25th UN Climate Change Conference (COP 25) in Madrid today, Ralph Lauren said it signed the UN Fashion Industry Charter for Climate Action, as well as a joint letter urging the US government to stay committed to the Paris Agreement.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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