Esprit Holdings Ltd is a Hong Kong-based company that operates in the family clothing stores sector. The company was founded in 1968 by Susie and Doug Tompkins, and it has since grown to become a global brand with a presence in over 40 countries. Esprit is known for its stylish and affordable clothing, footwear, and accessories for men, women, and children.

In recent years, Esprit has been focusing on sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy. Esprit is committed to reducing its greenhouse gas emissions by 50% by 2030, compared to its 2017 baseline. The company is also working towards sourcing 100% of its electricity from renewable sources by 2025.

To achieve these goals, Esprit has implemented a range of measures to improve its corporate energy efficiency and increase its use of renewable energy. One of the key initiatives is the implementation of corporate power purchase agreements (PPAs). PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for electricity over a period of time. By entering into PPAs, Esprit can secure a reliable and cost-effective source of renewable energy, while also reducing its carbon footprint.

In 2019, Esprit signed its first corporate PPA with a wind farm in Texas, USA. The PPA will provide Esprit with 100% renewable energy for its North American operations, including stores, offices, and warehouses. The wind farm will generate approximately 70,000 MWh of electricity per year, which is equivalent to the annual electricity consumption of over 6,000 homes. The PPA will also reduce Esprit's greenhouse gas emissions by approximately 40,000 tonnes per year, which is equivalent to taking over 8,000 cars off the road.

Esprit has also been investing in on-site renewable energy generation. The company has installed solar panels on the roofs of its stores and warehouses in Europe and Asia. These solar panels generate clean electricity, which is used to power the buildings and reduce Esprit's reliance on grid electricity. The company has also installed energy-efficient lighting and heating systems, which further reduce its energy consumption and carbon footprint.

In addition to its renewable energy initiatives, Esprit has also been working to reduce its overall energy consumption. The company has implemented energy-saving measures in its stores, offices, and warehouses, such as the use of LED lighting, motion sensors, and energy-efficient appliances. Esprit has also implemented a green building policy, which requires all new and refurbished buildings to meet strict energy efficiency standards.

Esprit's sustainability initiatives have been recognised by several industry bodies. In 2020, the company was ranked as the top-performing fashion brand in the Dow Jones Sustainability Index (DJSI) for the second consecutive year. The DJSI is a global benchmark for corporate sustainability, and Esprit's high ranking reflects its strong performance in areas such as environmental management, social responsibility, and corporate governance.

In conclusion, Esprit Holdings Ltd is a Hong Kong-based company that operates in the family clothing stores sector. The company has been focusing on sustainability and decarbonisation in recent years, and has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy. Esprit has implemented a range of measures to improve its corporate energy efficiency and increase its use of renewable energy, including the implementation of corporate PPAs, the installation of solar panels, and the implementation of energy-saving measures. The company's sustainability initiatives have been recognised by several industry bodies, and Esprit has been ranked as the top-performing fashion brand in the Dow Jones Sustainability Index for two consecutive years.