Apparel brand Levi Strauss has unveiled its first climate transition plan, detailing steps to reduce greenhouse gas (GHG) emissions by 2030 and aiming for net zero emissions by 2050.
The company is targeting a 90% reduction in scope 1 and 2 emissions [direct emissions that are owned or controlled by a company, and indirect emissions that are a consequence of its activities] by 2025 from a 2016 baseline.
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It also seeks to cut scope 3 emissions [not produced by the company itself and not the result of activities from assets it owns or controls but produced by those it is indirectly responsible for up and down its value chain] from purchased goods and services by 42% by 2030, against 2022 as the base year.
Levi Strauss is committed to using 100% renewable electricity in all company-operated facilities by 2025 and aims to halve its freshwater use in manufacturing by the same year.
To achieve these targets, the company plans to continue investing in energy-efficient technology and renewable energy solutions, adopt a global energy management system, and create partnerships for decarbonisation.
The plan outlines the company’s commitment to working with its global suppliers to mitigate scope 3 emissions.
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By GlobalDataThis includes setting SBTi [science-based target initiative]-aligned climate goals for suppliers, investing in sustainable materials and offering supplier financing options for energy and emissions reduction initiatives.
Levi Strauss is also embedding climate risks and opportunities into its business planning.
The clothing company is seeking third-party expert feedback on its climate transition plan and using its influence to advance supportive climate policies.
Its climate transition plan aligns with the newest climate science, the Task Force on Climate-Related Financial Disclosure, the Carbon Disclosure Project and other initiatives.
Levi Strauss chief sustainability officer Jeffrey Hogue stated: “Our climate transition plan embodies our commitment to doing our part, reaching our targets and working with partners across our value chain to enable collective action to address climate change.
“These steps will not only move us toward our net zero climate ambition by 2050, but also strengthen our own business’s resilience to the effects of climate change.”
In October 2024, Levi Strauss reported net revenues of $1.51bn in the third quarter (Q3) of the fiscal year 2024 (FY24), increasing 2% on a constant-currency basis compared to Q3 FY23.
