Adidas AG is a multinational corporation that specializes in the design, development, and manufacturing of apparel, footwear, and accessories. The company is headquartered in Herzogenaurach, Germany, and operates in more than 160 countries worldwide. Adidas is one of the largest sportswear manufacturers in the world, with a revenue of €23.6 billion in 2020.

Adidas has a strong commitment to sustainability and has set ambitious targets to reduce its environmental footprint. The company has pledged to achieve carbon neutrality by 2050 and has set a target to reduce its greenhouse gas emissions by 30% by 2030. To achieve these targets, Adidas is focusing on decarbonisation, corporate energy, corporate power purchase agreements (PPAs), and renewable energy.

Decarbonisation is the process of reducing carbon emissions to zero or near-zero levels. Adidas is committed to decarbonising its operations and has set a target to reduce its carbon emissions by 30% by 2030. The company is working to achieve this target by increasing energy efficiency, using renewable energy, and reducing the carbon footprint of its supply chain.

Adidas is also committed to using renewable energy to power its operations. The company has set a target to use 100% renewable energy by 2025 and has already made significant progress towards this goal. In 2020, Adidas sourced 92% of its electricity from renewable sources, up from 59% in 2019. The company is investing in renewable energy projects, such as wind and solar, to increase its renewable energy capacity.

Corporate energy is the energy consumed by a company to power its operations. Adidas is working to reduce its corporate energy consumption by increasing energy efficiency and using renewable energy. The company has implemented energy-saving measures in its offices, warehouses, and stores, such as LED lighting and energy-efficient heating and cooling systems. Adidas is also investing in new technologies, such as smart building systems, to further reduce its energy consumption.

Corporate power purchase agreements (PPAs) are contracts between a company and a renewable energy provider to purchase a specified amount of renewable energy at a fixed price over a set period. Adidas has signed several corporate PPAs to increase its renewable energy capacity and reduce its carbon footprint. In 2020, the company signed a 10-year PPA with BayWa r.e. to purchase 100% renewable energy from a wind farm in Spain. The PPA will supply Adidas with 46,000 megawatt-hours of renewable energy per year, equivalent to the energy consumption of 12,500 households.

Adidas is also investing in renewable energy projects to increase its renewable energy capacity. In 2020, the company invested in a wind farm in Texas, which will supply Adidas with 75% of its energy needs in North America. The wind farm will generate 250 megawatts of renewable energy, equivalent to the energy consumption of 75,000 households.

In conclusion, Adidas AG is a multinational corporation that operates in the apparel, footwear, and accessories sector. The company is committed to sustainability and has set ambitious targets to reduce its environmental footprint. Adidas is focusing on decarbonisation, corporate energy, corporate PPAs, and renewable energy to achieve these targets. The company has made significant progress towards its goals, sourcing 92% of its electricity from renewable sources in 2020 and signing several corporate PPAs to increase its renewable energy capacity. Adidas is a leader in sustainability in the sportswear industry and is setting an example for other companies to follow.