Potential offtaker

ALDO Group Inc.

www.aldoshoes.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

ALDO Group Inc. is a Canadian fashion company that operates in the Apparel Brand Licensing sector. The company was founded in 1972 by Aldo Bensadoun and has since grown to become a global brand with over 3,000 retail stores in more than 100 countries. ALDO Group Inc. is committed to sustainability and has taken several steps to reduce its environmental impact, including decarbonisation, corporate energy, corporate PPA, and renewable energy.

Decarbonisation is the process of reducing carbon emissions to zero. ALDO Group Inc. has set a goal to achieve net-zero emissions by 2030. To achieve this goal, the company has implemented several initiatives, including reducing energy consumption, switching to renewable energy sources, and investing in carbon offset projects. ALDO Group Inc. has also committed to using sustainable materials in its products and reducing waste throughout its supply chain.

Corporate energy refers to the energy used by a company to power its operations. ALDO Group Inc. has implemented several measures to reduce its energy consumption, including installing energy-efficient lighting and HVAC systems in its stores and offices. The company has also implemented a program to monitor and reduce energy consumption in its supply chain. ALDO Group Inc. has set a goal to reduce its energy consumption by 25% by 2025.

Corporate PPA (Power Purchase Agreement) is a contract between a company and a renewable energy provider to purchase electricity from renewable sources. ALDO Group Inc. has signed a corporate PPA with a wind farm in Quebec, Canada. Under the agreement, the company will purchase renewable energy credits equivalent to the amount of electricity used by its stores and offices in Canada. This will help ALDO Group Inc. to reduce its carbon footprint and support the growth of renewable energy in Canada.

Renewable energy refers to energy that is generated from renewable sources, such as wind, solar, and hydro power. ALDO Group Inc. has committed to sourcing 100% renewable energy for its operations by 2025. The company has already made significant progress towards this goal, with over 60% of its energy consumption coming from renewable sources in 2020. ALDO Group Inc. has also invested in renewable energy projects, including a solar farm in Texas, USA.

In addition to its sustainability initiatives, ALDO Group Inc. is also committed to social responsibility. The company has implemented several programs to support its employees, communities, and charitable organizations. ALDO Group Inc. has a program to support the education and development of its employees, including training programs and scholarships. The company also supports charitable organizations, including the ALDO Foundation, which supports organizations that promote education, health, and social welfare.

ALDO Group Inc. has received several awards and recognitions for its sustainability and social responsibility initiatives. The company was named one of the World's Most Ethical Companies by the Ethisphere Institute in 2021. ALDO Group Inc. was also recognized by the Carbon Disclosure Project for its efforts to reduce carbon emissions and by the Canadian Business Sustainability Awards for its sustainability initiatives.

In conclusion, ALDO Group Inc. is a Canadian fashion company that operates in the Apparel Brand Licensing sector. The company is committed to sustainability and has taken several steps to reduce its environmental impact, including decarbonisation, corporate energy, corporate PPA, and renewable energy. ALDO Group Inc. has set ambitious goals to achieve net-zero emissions and source 100% renewable energy for its operations. The company is also committed to social responsibility and has implemented several programs to support its employees, communities, and charitable organizations. ALDO Group Inc. has received several awards and recognitions for its sustainability and social responsibility initiatives, demonstrating its commitment to making a positive impact on the environment and society.