Levi Strauss & (US:LEVI) Yahoo Financeยท2025-09-29 11:06Core Insights - Levi Strauss & Co. (LS&Co.) has partnered with Schneider Electric to enhance access to renewable electricity in its supply chain, starting in India [1] - The initiative aims to align renewable electricity supply with the demand from suppliers seeking to reduce emissions and improve resilience [1][2] Sustainability Goals - LS&Co. targets a 42% reduction in supply chain emissions by 2030 from a 2022 baseline, as part of its long-term goal to achieve net-zero greenhouse gas emissions by 2050 [3] - The program is designed to support suppliers in their sustainability strategies while fulfilling LS&Co.'s own emissions reduction targets [3] LEAP Program Details - The LEAP initiative will provide suppliers with competitive pricing, terms, and return on investment for renewable energy procurement [4] - The program includes training modules, financial analysis, and access to Schneider Electric's advisory services for textile and apparel manufacturing suppliers in India [5] Expansion Plans - Initially, LEAP will focus on textile and apparel manufacturing suppliers in India, with plans to expand to other business partners and regions in the future [6] - Suppliers participating in LEAP can explore various renewable energy purchasing options, including on-site solar and power purchase agreements (PPAs) [6] Industry Support - India's Ministry of New and Renewable Energy has expressed support for LS&Co.'s initiative, highlighting the benefits of accessible renewable energy opportunities for businesses [7] - Schneider Electric emphasizes the importance of transitioning to renewable energy across global supply chains to achieve significant climate impact [7]