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LEAP will offer suppliers the best available pricing, terms, and return on investment to enable renewable energy procurement. This comes at a time when there is a significant opportunity to increase awareness and technical capacity with Indian suppliers as they navigate the diverse and evolving renewable electricity landscape. The program will be shared with the company’s textile and apparel manufacturing suppliers in\u00a0India, including in-depth training modules, financial analysis, and access to Schneider Electric’s advisory services.<\/p>\n
“We are committed to incentivising renewable energy in our supply chain and know our path to our near-term supply chain emissions reduction target is through proven, scalable solutions that fit each supplier,” said Jeffrey\u00a0Hogue, chief sustainability officer<\/em><\/strong> at LS&Co<\/em><\/strong>. “Between\u00a0Schneider Electric’s\u00a0expertise and the robust network of renewable electricity opportunities available in\u00a0India, we’re now in a position to better support our suppliers in their own sustainability strategies \u2013 and to deliver on ours.”<\/p>\n Levi Strauss & Co and Schneider Electric launched the LS&Co Energy Accelerator Program (LEAP) in India to expand renewable electricity in the supply chain.
For the first stage of LEAP, LS&Co. will support textile and apparel manufacturing suppliers in\u00a0India\u00a0to transition to renewable electricity, with a goal of later expanding the program to other business partners and geographies. Suppliers that join LEAP will also have the opportunity to explore individual purchase opportunities, such as on-site solar or certificate purchasing, or join a multi-buyer cohort for a power purchase agreement (PPA).<\/p>\n “I am happy to learn that Levi Strauss & Co. has taken steps to increase access to renewable electricity for their supply chain,” said\u00a0Shri Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy, Government of\u00a0India.<\/em><\/strong> “I welcome this initiative, and this shows that businesses can benefit from clearer and more accessible renewable energy opportunities.”<\/p>\n Schneider Electric has advised companies, including LS&Co., on more than 1.3 TWh of aggregated renewable electricity procurement across supply chain programs managed on behalf of clients in multiple markets. LS&Co. was a participant alongside four other companies in the first multi-buyer power purchase agreement (PPA) cohort for Walmart’s Gigaton PPA program in the US, managed by Schneider Electric, which will serve as a model for any group PPAs developed through LEAP.\u00a0<\/p>\n “At Schneider Electric, we believe that accelerating the transition to renewable energy across global supply chains is essential to achieving meaningful climate impact. We’re proud to partner with Levi Strauss & Co. on the LEAP initiative, which exemplifies how companies can lead with purpose and scale proven solutions to empower their suppliers,” said\u00a0Steve Wilhite, President, Schneider Electric Sustainability Business<\/em><\/strong>. “By combining our deep expertise in renewable energy advisory with LS&Co.’s bold sustainability vision, we’re helping unlock new opportunities for cleaner energy in\u00a0India\u00a0and beyond.”<\/p>\n “As India embarks on an ambitious journey towards a greener, more resilient future, it’s inspiring to see global brands like Levi Strauss & Co. embracing this shift and empowering their supply chains to adopt renewable energy. At Schneider Electric, we are proud to support this transition through Levi Strauss & Co. Energy Accelerator Program (LEAP), combining our expertise with a shared purpose to accelerate decarbonisation, foster industrial innovation, and build a sustainable\u00a0India\u00a0for generations to come.” –\u00a0Deepak Sharma, Zone President \u2013\u00a0Greater India\u00a0& MD & CEO, Schneider Electric India<\/em><\/strong><\/p>\n
<\/p>\n Fibre2Fashion News Desk (MS)<\/p>\n
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\nThe initiative supports LS&Co’s 42 per cent emissions reduction target by 2030.
\nLEAP provides suppliers with training, financial analysis, and access to advisory services to adopt scalable clean energy solutions.<\/p>\n\tNote: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.<\/h6>\n