{"id":56880,"date":"2023-12-11T11:42:37","date_gmt":"2023-12-11T08:42:37","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=56880"},"modified":"2023-12-11T11:42:54","modified_gmt":"2023-12-11T08:42:54","slug":"the-fashion-pact-and-lightsource-bp-to-work-together-for-a-more-sustainable-fashion","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/the-fashion-pact-and-lightsource-bp-to-work-together-for-a-more-sustainable-fashion\/","title":{"rendered":"The Fashion Pact and Lightsource bp to work together for a more sustainable fashion"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Lightsource bp, a 50:50 joint venture with bp, has signed a collective virtual power purchase agreement (CVPPA) with The Fashion Pact, a CEO-led <a href=\"https:\/\/www.thefashionpact.org\/\">initiative<\/a> for <a href=\"https:\/\/www.textilegence.com\/en\/category\/green-times\/\">sustainability<\/a> in the fashion and textile industry. The CVPPA, linked to Lightsource bp\u2019s solar portfolio in Spain, offers a long-term renewables commitment for 12 brands, including Bally, Capri Holdings, Ermenegildo Zegna Group, FARFETCH, Ferragamo, Kering, Prada Group, PVH Corp., Ralph Lauren, Tapestry, Under Armour, and Zimmermann. This collective deal enables businesses with global responsibilities but less intensive energy use to benefit from solar power and underpin the development of new renewable energy projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spearheaded by Co-Chairs Helena Helmersson and Co-Founder Paul Polman, The Fashion Pact brings together fashion industry\u2019s top leaders to drive progress and design collective solutions towards a nature-positive, net-zero future. The global initiative encourages its members to achieve 100% renewable energy across their companies\u2019 own operations by 2030. Twelve of The Fashion Pact\u2019s members worked together with the support of its technical partners, the global consultancy firm Guidehouse and international law firm Baker McKenzie, to achieve this goal.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/11\/fashion-pact-textilegence-fashion.jpg\" alt=\"The Fashion Pact ve Lightsource bp daha s\u00fcrd\u00fcr\u00fclebilir bir moda i\u00e7in birlikte \u00e7al\u0131\u015facak  G\u00f6rsel Kaynak: Fashion Pact\" class=\"wp-image-56870\" srcset=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/11\/fashion-pact-textilegence-fashion.jpg 1920w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/11\/fashion-pact-textilegence-fashion-768x432.jpg 768w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/11\/fashion-pact-textilegence-fashion-1536x864.jpg 1536w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/11\/fashion-pact-textilegence-fashion-300x169.jpg 300w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/11\/fashion-pact-textilegence-fashion-600x338.jpg 600w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/11\/fashion-pact-textilegence-fashion-696x392.jpg 696w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2023\/11\/fashion-pact-textilegence-fashion-1068x601.jpg 1068w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><figcaption class=\"wp-element-caption\">The Fashion Pact &#8211; Lightsource bp agreement paves the way for new solar projects Image Source: The Fashion Pact<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-fashion-pact-lightsource-bp-agreement-paves-the-way-for-new-solar-projects\">The Fashion Pact &#8211; Lightsource bp agreement paves the way for new solar projects<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Fashion Pact worked collaboratively with the Lightsource bp\u00b4s Power Markets team to create a bespoke PPA structure that would meet the needs of their members while satisfying the collective renewable electricity demand. This tailored and pragmatic approach has enabled the contract to be agreed by all parties within months, creating an equitable platform for the initiative\u2019s members to accelerate their transition to clean energy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Director of Power Markets, Europe at Lightsource bp, Zosia Riesner said that by driving innovative solutions, they are able to provide better access to the benefits that solar PPAs can offer, disclosing: \u201cThis collective deal means businesses that do not necessarily require huge volumes of electricity on their own, by combining their demand can still find a simple and efficient way to transition towards renewables and support the development of new solar projects.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Fashion Pact Executive Director and Secretary General, Eva von Alvensleben commented: \u201cThe Fashion Pact\u2019s unique model with strong CEO leadership has allowed brands to move forward together quickly. This has been critical to ensuring the success of this collective virtual power purchase agreement, a first for the industry. Collaboration is key to accelerate the transition of the fashion industry to renewable energy towards a net-zero future.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lightsource bp is currently progressing over 10 gigawatts (GW) of utility-scale solar projects at different stages of development across Europe, which will be made available to corporations and utilities seeking to reduce greenhouse gas emissions associated with their electricity supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lightsource bp, a 50:50 joint venture with bp, has signed a collective virtual power purchase agreement (CVPPA) with The Fashion Pact, a CEO-led initiative for sustainability in the fashion and textile industry. The CVPPA, linked to Lightsource bp\u2019s solar portfolio in Spain, offers a long-term renewables commitment for 12 brands, including Bally, Capri Holdings, Ermenegildo [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":56874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14912],"tags":[11143,10369,16304],"class_list":["post-56880","post","type-post","status-publish","format-standard","has-post-thumbnail","category-green-times","tag-sustainability-en","tag-textile-news-en","tag-the-fashion-pact"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.4 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Fashion Pact and Lightsource bp to work together for a more sustainable fashion - Textilegence<\/title>\n<meta name=\"description\" content=\"Lightsource bp, a 50:50 joint venture with bp, has signed a collective 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