Potential offtaker

S.A.C.I. Falabella

www.falabella.cl

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Which other companies from Chile are actively involved in decarbonization initiatives?
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  • S.A.C.I. Falabella is a Chilean retail company that operates in the high-end department stores sector. The company was founded in 1889 by Salvatore Falabella, an Italian immigrant who arrived in Chile in the late 19th century. Since then, the company has grown to become one of the largest retailers in Latin America, with operations in Chile, Peru, Colombia, and Argentina.

    S.A.C.I. Falabella is committed to sustainability and decarbonisation, and has implemented a number of initiatives to reduce its environmental impact. One of the key areas of focus for the company is corporate energy, and it has set ambitious targets to reduce its energy consumption and increase its use of renewable energy sources.

    One of the ways that S.A.C.I. Falabella is working towards decarbonisation is through the use of corporate power purchase agreements (PPAs). These agreements allow the company to purchase renewable energy directly from a generator, rather than from the grid. This approach helps to reduce the company's carbon footprint and supports the growth of renewable energy in the region.

    In 2019, S.A.C.I. Falabella signed a PPA with a solar power plant in Chile, which will provide the company with 100% renewable energy for its operations in the country. This is a significant milestone for the company, as it is the first retailer in Chile to achieve this level of renewable energy use.

    S.A.C.I. Falabella is also investing in renewable energy projects of its own. In 2018, the company announced plans to develop a 3 MW solar plant in Chile, which will provide energy for its operations in the country. The project is expected to be completed in 2020 and will help the company to achieve its goal of using 100% renewable energy in Chile by 2025.

    In addition to its focus on renewable energy, S.A.C.I. Falabella is also working to reduce its overall energy consumption. The company has implemented a number of energy efficiency measures, such as the installation of LED lighting and the use of energy-efficient HVAC systems. These initiatives have helped the company to reduce its energy consumption by 20% since 2015.

    S.A.C.I. Falabella is also committed to reducing its greenhouse gas emissions. The company has set a target to reduce its emissions by 30% by 2030, compared to a 2017 baseline. To achieve this goal, the company is implementing a range of initiatives, including the use of electric vehicles for its logistics operations and the implementation of sustainable packaging solutions.

    In addition to its sustainability initiatives, S.A.C.I. Falabella is also committed to social responsibility. The company has a number of programs in place to support the communities in which it operates, including initiatives to promote education and entrepreneurship. The company also has a strong commitment to ethical business practices and has implemented a number of measures to ensure that its operations are conducted in a responsible and transparent manner.

    Overall, S.A.C.I. Falabella is a leading retailer in Latin America that is committed to sustainability and decarbonisation. The company's focus on renewable energy, energy efficiency, and greenhouse gas emissions reduction is helping to drive positive change in the region and set an example for other companies to follow. With its strong commitment to social responsibility and ethical business practices, S.A.C.I. Falabella is a company that is making a positive impact on both the environment and the communities in which it operates.

    ✓ Current offtaker under Corporate PPA's