Demand Management, Energy Efficiency, Industrial, Industrial, Sourcing Renewables - October 27, 2016
HanesBrands targets 40% renewable energy by 2020
After achieving a 25% reduction in energy consumption and establishing renewable energy sources for more than 25% of its global electricity needs,
In an Oct. 26 news release, the apparel marketer said it is now aiming to reduce its energy use and carbon emissions by an additional 40%, and source renewable energy for 40% of its energy needs by 2020. HanesBrands has said the fact that it owns the substantial majority of its manufacturing supply chain — which is unique among apparel marketers — allows the company to a make a significant contribution to responsible environmental practices.
The company's environmental and energy management strategies have earned recognition from the U.S. EPA and most recently helped HanesBrands Executive Chairman and CEO Richard Noll in being named CEO of the Year by Corporate Responsibility Magazine for his decade of leadership in advancing the company's corporate social responsibility program.
HanesBrands has achieved the U.S. EPA's Energy Star partner of the year/sustained excellence award for seven consecutive years and participates in the program's "Challenge for Industry" initiative. The company has also begun voluntarily disclosing environmental data to the Carbon Disclosure Project, known as CDP, an organization that works with shareholders and corporations to disclose their greenhouse gas emissions.
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