Red Wing Shoe Co is a well-known American footwear company that has been in operation for over a century. Founded in 1905 in Red Wing, Minnesota, the company has grown to become a leading manufacturer of high-quality work boots and shoes, with a reputation for durability, comfort, and safety. The company operates in the Non-Athletic Footwear sector, catering to workers in industries such as construction, manufacturing, and oil and gas.
As a company with a long history in the United States, Red Wing Shoe Co has always been committed to sustainability and environmental responsibility. In recent years, this commitment has become even more pronounced as the company has taken steps to reduce its carbon footprint and transition to renewable energy sources.
One of the key ways that Red Wing Shoe Co is working towards decarbonisation is through its corporate energy strategy. The company has set ambitious goals to reduce its greenhouse gas emissions and increase its use of renewable energy sources. To achieve these goals, Red Wing Shoe Co has implemented a range of energy efficiency measures, such as upgrading lighting systems and HVAC equipment, and has also invested in renewable energy technologies, such as solar panels and wind turbines.
One of the most significant steps that Red Wing Shoe Co has taken towards decarbonisation is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for electricity generated from renewable sources. By entering into a corporate PPA, Red Wing Shoe Co is able to secure a reliable and cost-effective source of renewable energy, while also supporting the growth of the renewable energy industry.
Red Wing Shoe Co has entered into several corporate PPAs in recent years, including agreements to purchase wind power from a wind farm in Minnesota and solar power from a solar farm in Texas. These agreements have helped the company to reduce its carbon footprint and achieve its renewable energy goals, while also providing economic benefits to the communities where the renewable energy projects are located.
In addition to its use of corporate PPAs, Red Wing Shoe Co is also investing in renewable energy technologies at its own facilities. The company has installed solar panels at several of its manufacturing facilities, which generate clean energy to power the company's operations. These investments in renewable energy not only help to reduce the company's carbon footprint, but also provide economic benefits by reducing energy costs and creating jobs in the renewable energy industry.
Overall, Red Wing Shoe Co is a company that is committed to sustainability and environmental responsibility. Through its corporate energy strategy, use of corporate PPAs, and investments in renewable energy technologies, the company is working towards decarbonisation and a more sustainable future. As a leader in the Non-Athletic Footwear sector, Red Wing Shoe Co is setting an example for other companies to follow, demonstrating that sustainability and profitability can go hand in hand.