Potential offtaker

Deckers Brands

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Deckers Brands is a footwear and apparel company based in the United States of America. The company was founded in 1973 and has since grown to become a leader in the industry, with a portfolio of iconic brands such as UGG, Teva, and Hoka One One. Deckers Brands is committed to sustainability and has implemented various initiatives to reduce its carbon footprint and promote renewable energy.

One of the key areas of focus for Deckers Brands is decarbonisation. The company recognises the urgent need to reduce greenhouse gas emissions and mitigate the impacts of climate change. To this end, Deckers Brands has set ambitious targets to reduce its carbon footprint and transition to a low-carbon economy. The company has committed to reducing its absolute Scope 1 and 2 emissions by 50% by 2030, and to achieving net-zero emissions by 2050.

Corporate energy is another area of focus for Deckers Brands. The company is committed to using energy efficiently and reducing its reliance on fossil fuels. Deckers Brands has implemented various measures to improve energy efficiency, such as upgrading lighting systems, installing energy-efficient HVAC systems, and implementing energy management systems. The company also sources renewable energy to power its operations, with a goal of sourcing 100% renewable electricity by 2025.

Corporate power purchase agreements (PPAs) are an important part of Deckers Brands' renewable energy strategy. PPAs are long-term contracts between a company and a renewable energy provider, which allow the company to purchase renewable energy at a fixed price over a set period of time. Deckers Brands has entered into several PPAs to source renewable energy for its operations. For example, the company has a 25-year PPA with a wind farm in Oklahoma, which provides renewable energy to power its UGG distribution centre in California. Deckers Brands also has a PPA with a solar farm in North Carolina, which provides renewable energy to power its Teva and Sanuk distribution centres.

Renewable energy is a key component of Deckers Brands' sustainability strategy. The company recognises the importance of transitioning to a low-carbon economy and is committed to sourcing renewable energy to power its operations. Deckers Brands has set a goal of sourcing 100% renewable electricity by 2025, and has made significant progress towards this goal. In 2020, the company sourced 41% of its electricity from renewable sources, up from 17% in 2019.

In addition to its renewable energy initiatives, Deckers Brands has implemented various other sustainability initiatives. The company has a comprehensive sustainability strategy, which includes goals and targets across a range of areas, such as product sustainability, responsible sourcing, and waste reduction. Deckers Brands is a member of several sustainability initiatives, such as the Sustainable Apparel Coalition and the Better Cotton Initiative, and has received recognition for its sustainability efforts. In 2020, the company was named to the Dow Jones Sustainability Index for the second consecutive year.

Overall, Deckers Brands is a leader in sustainability and is committed to reducing its carbon footprint and promoting renewable energy. The company's focus on decarbonisation, corporate energy, corporate PPAs, and renewable energy is a testament to its commitment to sustainability and its role as a responsible corporate citizen. As the world continues to face the challenges of climate change, companies like Deckers Brands will play an important role in driving the transition to a low-carbon economy and creating a more sustainable future.