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illuminem summarizes for you the essential news of the day. Read the full piece on ESG News or enjoy below:
🗞️ Driving the news: Levi Strauss & Co. (LS&Co.) has launched its first climate transition plan, committing to Net Zero emissions by 2050
• Key targets include a 90% cut in scope 1 and 2 emissions by 2025 and a 42% reduction in scope 3 emissions by 2030
• The plan covers operational improvements, supply chain engagement, and governance enhancements
🔭 The context: LS&Co.’s plan aligns with the Paris Agreement’s 1.5-degree goal and prioritizes sustainable cotton sourcing, renewable energy, and responsible water use
• The company also commits to complete renewable energy across its facilities by 2025 and aims for a 50% reduction in water usage in high-stress areas
🌍 Why it matters for the planet: As a major fashion brand, Levi’s proactive stance on climate accountability underscores industry responsibility in combating emissions and water stress
• This move could encourage similar climate commitments across the fashion sector
⏭️ What's next: LS&Co. will now collaborate with global suppliers to meet its Science-Based Targets and will use third-party feedback to strengthen its climate strategies
• Achieving these targets could influence policy support for climate goals in the apparel industry
💬 One quote: “Our climate transition plan embodies our commitment to doing our part...and working with partners across our value chain to enable collective action to address climate change,” - Jeffrey Hogue, LS&Co.’s chief sustainability officer
📈 One stat: LS&Co. targets a 90% reduction in its scope 1 and 2 emissions by 2025, from a 2016 base year
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