In order to meet its aim of reducing carbon emissions and water usage in its supply chain, world renowned denim maker Levi Strauss & Co. recently entered into a $2.3 million cooperation agreement with the International Finance Corporation (IFC). The IFC is a member of the World Bank Group.
By 2025, LS&Co. is committed to achieving a 90% reduction in greenhouse gas emissions in their owned-and-operated facilities, 100% renewable energy in their owned-and-operated facilities, and a 40% reduction in greenhouse gas emissions across their whole global supply chain.
The new agreement follows IFC’s Partnership for Cleaner Textiles (PaCT) approach. Both signatories say that IFC plans to work with 42 designated LS&Co. suppliers and mills on reducing greenhouse gas emissions, helping suppliers with specific renewable energy and water-saving interventions across the following 10 countries: Pakistan, Bangladesh, Sri Lanka, India, Mexico, Lesotho, Colombia, Turkey, Egypt, and Vietnam.