Mango selects ACCIONA Energía to supply 100% renewable energy to its headquarters until 2033
- With the agreement, Mango reinforces its commitment to sustainability and its strategy to fight climate change thanks to the consumption of clean electricity.
- The contract will cover the entire electricity consumption of the headquarters in Palau Solità i Plegamans (Barcelona), the logistics warehouse in Lliçà d'Amunt (Barcelona) and ten of the largest stores in Spain.
SEPTEMBER 22nd, 2022
Mango, one of Europe's leading groups in the fashion industry, and ACCIONA Energía, the world's largest 100% renewable energy company with no fossil legacy, have signed an agreement for the supply of 100% renewable electricity for the next ten years.
Through this agreement, Mango will cover the entire electricity consumption of its headquarters in Palau Solità i Plegamans (Barcelona), its logistics warehouse in Lliçà d'Amunt (Barcelona) and ten of its largest stores in Spain, thanks to the 26 GWh/year of renewable electricity to be supplied by ACCIONA Energía.
This Power Purchase Agreement (PPA) will become effective on January 1, 2023, allowing Mango to reinforce its commitment to sustainability and its strategy to fight climate change thanks to the consumption of clean electricity.
Toni Ruiz, CEO of Mango, highlights that "the purchase of electricity through this long-term contract will allow Mango to advance in its sustainability commitments while guaranteeing an electricity supply at competitive price and avoiding the volatility linked to the electricity price in the market".
Javier Montes, commercial director at ACCIONA Energía, said that “with this deal, we continue moving forward in our strategy to increase the volume of new supply contracts and medium and long-term PPAs for corporate customers, while contributing to decarbonize the energy consumption of our customers and reduce their electricity bill”.
This initiative is part of Mango's Strategic Sustainability Plan, which aims to achieve zero net emissions by 2050. To this end, the company has set itself a double objective for 2030: to reduce its direct emissions and those generated by the energy it consumes by 80%, and to lower the emissions it produces in its supply chain, products and services, fuels and energies, transport and distribution, by 35%, all considering 2019 as the base year.
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Mango, one of Europe’s leading fashion groups, is a global company with design, creativity, and technology at the centre of its business model, and a strategy based on constant innovation, the search for sustainability and a complete ecosystem of channels and partners.Founded in Barcelona in 1984, at 2021 year-end the company had a turnover of 2.234 billion euros, with 42% of its business originating from its online channel and a presence in over 110 markets.More information at www.mango.com
ACCIONA Energía is the largest 100% renewable energy company with no fossil legacy in the world. It has 11.2GW of renewable energy and commercial operations in 20 countries. With 30 years of experience, ACCIONA Energía offers a complete portfolio of tailor-made energy solutions for its corporate and institutional clients to meet their decarbonization goals. ACCIONA Energía is committed to the highest environmental, social and corporate governance (ESG) standards. ACCIONA S.A., a leading global company in the provision of regenerative solutions for a decarbonized economy, is the reference shareholder of ACCIONA Energía. www.acciona-energia.com