Commercial, GHG Emissions - October 1, 2021
Gap Achieves 50% Emissions Cut Goal for 2020
Gap Inc. announced Sept. 29 that it achieved its goal to reduce emissions 50% by 2020, compared to 2015 levels, through investments in renewable energy and energy efficiency projects.
The clothing company released its 2020 sustainability report and detailed its most recent emissions goals, which were all approved by the SBTi in 2020. Gap saw a 39% reduction in emissions from owned and operated facilities since 2017 through the use of solar and wind energy, with emissions falling 50% when compared to 2015 levels.
The company also found that 10% of its emissions reductions between 2019 and 2020 were driven by renewable energy use and VPPAs, accounting for 39,803 metric tons of CO2. By the end of the year, 17% of energy usage at owned and operated sites came from renewable sources.
“At Gap Inc., we are committed to growing our business by enabling safe, fair working conditions for the people who make our products, enabling access and opportunity across our business and addressing environmental impact across our value chain,” Sally Gilligan, chief growth transformation officer at Gap Inc., said in a statement
The company is targeting carbon neutrality across its value chain by 2050 and sourcing 100% renewable electricity by 2030. In the interim, Gap is pursuing a 90% reduction in Scope 1 and 2 emissions and 30% reduction in Scope 3 emissions by 2030, compared to 2017 levels.
- Lessons from the Front Line: Principles and Recommendations for Large-scale and Distributed Energy Interconnection Reforms
- NRG releases 12th annual sustainability report highlighting consistent actions that drive stakeholder value
- In Setting Corporate Climate Goals, Credibility is Key
- Better Buildings Progress Report 2022
- Extreme Weather & Power Supply Preparedness