Potential offtaker

EssilorLuxottica

www.essilorluxottica.com

Estimated electricity consumption

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Countries of production presence

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EssilorLuxottica is a leading global company in the ophthalmic goods sector, headquartered in France. The company was formed in 2018 through a merger between Essilor and Luxottica, two of the world's largest eyewear companies. EssilorLuxottica is a vertically integrated company that designs, manufactures, and distributes eyewear products, including lenses, frames, and sunglasses.

The company's mission is to improve the vision of people around the world and to help them see better. EssilorLuxottica is committed to sustainability and has set ambitious targets to reduce its environmental impact. The company is focused on decarbonisation and is working to reduce its greenhouse gas emissions across its entire value chain.

Corporate energy is a key area of focus for EssilorLuxottica. The company is committed to reducing its energy consumption and increasing its use of renewable energy. EssilorLuxottica has set a target to reduce its energy consumption by 50% by 2025 compared to 2015 levels. The company is also committed to sourcing 100% of its electricity from renewable sources by 2025.

Corporate PPA, or power purchase agreements, are an important tool for EssilorLuxottica to achieve its renewable energy goals. The company has signed several corporate PPAs to purchase renewable energy from wind and solar projects. These agreements provide EssilorLuxottica with a long-term, stable source of renewable energy and help to reduce the company's carbon footprint.

One example of a corporate PPA signed by EssilorLuxottica is a 20-year agreement to purchase 50 MW of wind power from a project in Texas. This project will provide EssilorLuxottica with renewable energy to power its manufacturing facilities in the United States. The company has also signed a corporate PPA to purchase 30 MW of solar power from a project in Italy.

In addition to its renewable energy efforts, EssilorLuxottica is also focused on reducing its carbon emissions through energy efficiency measures. The company has implemented a number of initiatives to reduce its energy consumption, including the installation of LED lighting and the use of energy-efficient equipment. EssilorLuxottica is also working to reduce its carbon emissions from transportation by optimizing its logistics and using low-emission vehicles.

EssilorLuxottica's commitment to sustainability extends beyond its environmental efforts. The company is also focused on social responsibility and ethical business practices. EssilorLuxottica has a Code of Ethics that outlines its commitment to integrity, respect, and responsibility. The company is also committed to promoting diversity and inclusion in its workforce and has set targets to increase the representation of women and minorities in leadership positions.

In conclusion, EssilorLuxottica is a leading global company in the ophthalmic goods sector that is committed to sustainability. The company is focused on decarbonisation and is working to reduce its greenhouse gas emissions across its entire value chain. Corporate energy and corporate PPA are key areas of focus for EssilorLuxottica, as the company works to reduce its energy consumption and increase its use of renewable energy. EssilorLuxottica's commitment to sustainability extends beyond its environmental efforts, as the company is also focused on social responsibility and ethical business practices.

✓ Declared Net Zero commitment