Lululemon Commits Fund to 100% China Renewable Electricity by 2030
LULU•Lululemon invests in a renewable energy fund managed by Schroders Capital to secure 100% renewable electricity for its China supply chain by 2030. The move supports Impact Agenda 2030, a 60% greenhouse gas intensity cut from 2018, and funds wind projects launching later this year.
1. Fund Launch and Management
Lululemon has pledged capital to a newly established renewable energy fund overseen by Schroders Capital’s Infrastructure team. This fund aggregates demand from multiple suppliers to simplify project development and channel investments into clean power generation.
2. Impact Agenda Targets
The initiative directly advances Lululemon’s Impact Agenda 2030, which aims for a 60% reduction in greenhouse gas intensity from 2018 levels. The company already met its Scope 1 and 2 targets in 2021 and remains on course for Scope 3 reductions.
3. Project Deployment
Capital from the fund is being deployed across several wind energy projects in Mainland China, with most facilities expected to become operational later this year. This approach creates a scalable model for manufacturers to switch from fossil fuels to renewable electricity.
