The fashion retail group made up of the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands has signed a supply contract with leading energy company Endesa, for a total renewable energy volume of over 80GWh/year. This will supply all 800 of the Group’s stores in Spain, as well as the rest of its facilities. […]
06 de March de 2020
Tendam, one of Europe’s leading fashion retailers operating in the specialised chain store segment through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands, , will consume renewable energy in Spain throughout 2020 through an agreement signed with energy company Endesa.
This electricity supply contract represents a total volume of over 80GWh/year and will be used for the group’s stores in Spain, nearly 800 in total, as well as the group’s operating facilities in the country.
One hundred percent of the energy supplied under the contract will have Guarantee of Origin (GoO) certification issued by the Spanish competition regulator, the CNMC in 2020, thus significantly reducing the group’s carbon footprint by preventing over 30,000 tons of CO2 emissions.
According to Corporate General Manager Ignacio Sierra, “the company is making decisive headway in its sustainability strategy. This is the latest in a number of the group’s initiatives in recent years, and our brands remain firmly committed to the continuous growth of their sustainable fashion collections. Making a real contribution to decarbonisation is one of our key sustainability objectives. The use of renewable energy will certainly be a determining factor in achieving this goal, marking a milestone in our sector“.
Juan José Muñoz Rueda, Director of B2B at Endesa, stated that “as Tendam’s energy partner, it is essential for us to understand their needs and offer them the solutions that best suit the challenges they face. This agreement reflects our commitment to clients by helping them to meet both their energy supply and sustainability targets, an item on the roadmap for practically all companies today. This is our commitment to customers and our responsibility to society”.
Tendam’s sustainability strategy is consistent and cross-cutting. It includes a range of initiatives at both a product and strategic level, involving all business areas. Among other moves, in 2019 Tendam joined the Fashion Pact G7, a coalition of major global fashion companies that have committed to a set of common environmental objectives to protect Climate, Biodiversity and the Oceans. In addition, during the United Nations Conference on Climate Change 2019 (COP25) held in Madrid in early December, Tendam received recognition from the United Nations Global Compact for its adherence to the Business Ambition for 1.5ºC initiative.
Endesa was recently included in the world’s most prestigious climate change index, the CDP Climate Change, which recognises the company’s leadership in this area. This outstanding rating is the result of the company’s commitment to leading the energy transition and the decarbonisation of society through a new low-emission business model focused on renewable energies, and by providing solutions that allow decarbonisation measures to be transferred to other sectors of the economy.