HUGO BOSS AG -ORD is a German fashion brand that specializes in luxury clothing, accessories, and fragrances. The company was founded in 1924 by Hugo Ferdinand Boss and is headquartered in Metzingen, Germany. HUGO BOSS AG -ORD operates in the Specialty Apparel Stores sector and is listed on the Frankfurt Stock Exchange.

In recent years, HUGO BOSS AG -ORD has been focusing on decarbonisation and corporate energy initiatives. The company has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy sources. HUGO BOSS AG -ORD is committed to playing its part in the fight against climate change and is taking a proactive approach to reducing its environmental impact.

One of the key ways that HUGO BOSS AG -ORD is working towards decarbonisation is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees the purchase of a set amount of renewable energy at a fixed price. By entering into a corporate PPA, HUGO BOSS AG -ORD is able to secure a reliable source of renewable energy, while also reducing its carbon emissions.

In 2020, HUGO BOSS AG -ORD signed a 10-year corporate PPA with a wind farm in Spain. The agreement will see the company purchase 58 gigawatt-hours (GWh) of renewable energy per year, which is equivalent to the energy consumed by around 17,000 households. This will enable HUGO BOSS AG -ORD to reduce its carbon emissions by around 16,000 tonnes per year.

HUGO BOSS AG -ORD is also investing in on-site renewable energy generation. The company has installed solar panels on the roof of its distribution center in Filderstadt, Germany, which generate around 1,000 megawatt-hours (MWh) of renewable energy per year. This is equivalent to the energy consumed by around 300 households and will enable HUGO BOSS AG -ORD to reduce its carbon emissions by around 500 tonnes per year.

In addition to these initiatives, HUGO BOSS AG -ORD is also working to improve the energy efficiency of its operations. The company has implemented a number of measures to reduce energy consumption, such as upgrading lighting systems and installing energy-efficient heating and cooling systems. These measures have enabled HUGO BOSS AG -ORD to reduce its energy consumption by around 20% since 2015.

HUGO BOSS AG -ORD is also committed to reducing its carbon emissions across its supply chain. The company has set ambitious targets to reduce the carbon footprint of its suppliers by 30% by 2030. To achieve this, HUGO BOSS AG -ORD is working with its suppliers to improve energy efficiency, increase the use of renewable energy, and reduce waste.

Overall, HUGO BOSS AG -ORD is taking a proactive approach to decarbonisation and corporate energy initiatives. The company is committed to reducing its environmental impact and is investing in renewable energy, energy efficiency, and carbon reduction measures. By doing so, HUGO BOSS AG -ORD is not only reducing its carbon footprint but is also demonstrating its commitment to sustainability and corporate social responsibility.