lululemon Backs Renewable Energy Fund to Drive Supply Chain Decarbonization in China
lululemon has announced an investment in a renewable energy fund aimed at accelerating the transition to clean electricity across its supply chain in China, marking a significant step toward achieving the company’s 2030 climate targets. Managed by Schroders Capital’s Infrastructure team, the fund supports the development of new wind and solar projects across China, with capital already deployed into several projects currently under construction.
The initiative is expected to enable the equivalent of 100% renewable electricity for lululemon’s supplier network in Mainland China based on projected 2030 electricity consumption. The investment represents an emerging model for corporate climate action, allowing companies to pool renewable energy demand, reduce procurement complexity, and accelerate project development in key manufacturing regions.
Supply chain emissions remain a central focus 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. By increasing access to renewable electricity within its manufacturing ecosystem, the company aims to address one of the largest sources of its climate footprint while strengthening resilience across its value chain.
The investment builds on lululemon’s broader decarbonization efforts through industry collaborations and clean energy partnerships, including initiatives with the Apparel Impact Institute, Asia Clean Energy Coalition, and CEBA’s Clean Energy Procurement Academy. Together, these efforts reflect a growing emphasis on collective action and scalable solutions to accelerate renewable energy adoption across the apparel sector.
