Potential offtaker

Gap, Inc.

www.gapinc.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Gap, Inc. is a leading global retailer that operates in the Family Clothing Stores sector. The company was founded in 1969 and is headquartered in San Francisco, California. Gap, Inc. operates under several brands, including Gap, Banana Republic, Old Navy, Athleta, and Intermix. The company has a strong presence in the United States, as well as in several international markets.

Gap, Inc. has been committed to sustainability and decarbonisation for many years. The company has set ambitious goals to reduce its carbon footprint and to transition to renewable energy sources. In 2017, Gap, Inc. announced that it had achieved its 2020 goal of reducing greenhouse gas emissions by 50% compared to its 2015 baseline. The company has also set a new goal to reduce its absolute greenhouse gas emissions by 50% by 2030, compared to its 2015 baseline.

To achieve its decarbonisation goals, Gap, Inc. has implemented several initiatives to reduce its energy consumption and to transition to renewable energy sources. The company has invested in energy-efficient technologies and has implemented energy management systems in its stores and distribution centers. Gap, Inc. has also implemented a corporate power purchase agreement (PPA) to purchase renewable energy from a wind farm in Texas. The PPA will provide Gap, Inc. with 90 megawatts of renewable energy, which is enough to power over 1,500 of its stores in the United States.

In addition to its corporate PPA, Gap, Inc. has also invested in several other renewable energy projects. The company has installed solar panels on the roofs of its stores and distribution centers, and has also invested in off-site solar and wind projects. Gap, Inc. has also partnered with several renewable energy providers to purchase renewable energy certificates (RECs) to offset its carbon emissions.

Gap, Inc. has also implemented several initiatives to reduce its corporate energy consumption. The company has implemented energy-efficient lighting and HVAC systems in its stores and distribution centers, and has also implemented a program to optimize its transportation and logistics operations. Gap, Inc. has also implemented a waste reduction program to reduce the amount of waste generated by its operations.

In addition to its sustainability initiatives, Gap, Inc. has also implemented several social responsibility programs. The company has implemented a program to promote diversity and inclusion in its workforce, and has also implemented a program to promote fair labor practices in its supply chain. Gap, Inc. has also implemented a program to support communities in need, and has donated millions of dollars to support education and disaster relief efforts around the world.

Overall, Gap, Inc. is a leading global retailer that is committed to sustainability and decarbonisation. The company has set ambitious goals to reduce its carbon footprint and to transition to renewable energy sources. Gap, Inc. has implemented several initiatives to reduce its energy consumption and to transition to renewable energy sources, including a corporate PPA, solar and wind projects, and energy-efficient technologies. The company has also implemented several social responsibility programs to promote diversity and inclusion, fair labor practices, and community support.

✓ Current offtaker under Corporate PPA's
✓ Science Based Targets member
✓ Declared Net Zero commitment