lululemon Invests In Renewable Energy Fund To Decarbonize Supply Chain
Canadian athletic apparel brand lululemon has invested in a renewable energy fund aimed at accelerating supply chain decarbonization and supporting its 2030 climate targets. The initiative focuses on expanding renewable electricity capacity in China, a key manufacturing hub for the company.
Managed by Schroders Capital’s Infrastructure team, the fund invests in late-stage wind and solar energy projects across China. Through participation in the fund, lululemon expects to achieve the equivalent of 100% renewable electricity for its supplier network in Mainland China based on projected electricity consumption by 2030.
The investment forms a key part of lululemon’s Impact Agenda 2030, which includes a science-based target to reduce Scope 3 greenhouse gas emissions intensity by 60% by 2030 from a 2018 baseline. Since the majority of the company’s emissions originate within its supply chain, increasing the use of renewable energy among manufacturing partners is central to achieving this goal.
“Decarbonizing global supply chains requires new approaches to capital deployment and collaboration,” said Noel Kinder, Senior Vice President of Sustainability at lululemon. He noted that the fund creates a scalable model for expanding renewable energy access in manufacturing regions while reducing complexity for suppliers.
The investment complements lululemon’s broader sustainability initiatives through partnerships with industry organizations such as the Apparel Impact Institute, the Asia Clean Energy Coalition and CEBA’s Clean Energy Procurement Academy. Together, these efforts aim to accelerate renewable energy adoption and support industry-wide climate action across global textile and apparel supply chains.
