Abercrombie & Fitch Co. Commits to Renewable Energy in Its Global Home Office and Distribution Centers
February 25 2021 - 08:30AM
Abercrombie & Fitch Co. (NYSE: ANF), a leading, global
specialty retailer of apparel and accessories, today announced its
commitment to source all electricity used at its New Albany, OH
Global Home Office and Distribution Centers from renewable
generation beginning in 2023.
The retailer, which owns Abercrombie &
Fitch, abercrombie kids, Hollister, and Gilly Hicks, has signed a
13-year, 100% renewable energy supply agreement for Abercrombie
& Fitch Co.’s corporate headquarters and two New Albany
Distribution Centers with fellow Ohio-based company AEP
Energy, a subsidiary of American Electric Power. The agreement is
for approximately 30,000 megawatt hours annually and will reduce
approximately 16,000 metric tons of carbon from the atmosphere each
year. This is equivalent to the carbon sequestered by over 27,000
acres of U.S. forests over the 13-year term.
Kim Harr, Senior Director of Sustainability at
A&F Co. said, “The shift to renewable electricity in our New
Albany corporate operations will contribute to our overall energy
goals of reducing Total Scope 1 and 2 greenhouse gas emissions by
2030. We developed our goals in line with science-based climate
targets and international agreements including the UN Global
Compact. We thank Worthington Energy Consultants and AEP Energy for
their collaboration on this innovative energy solution. We’re
excited to take this latest step on our sustainability
journey.”
“We’re proud to partner with Abercrombie &
Fitch Co. as they work to reduce their carbon footprint. An
integrated renewable energy solution will help them achieve their
sustainability goals with energy from regional assets. AEP Energy
is honored to support A&F Co.’s ongoing efforts as part of the
retailer’s commitment to invest in renewable energy and reduce
emissions,” said AEP Energy President Greg Hall.
“We are pleased to have the opportunity to work
Abercrombie & Fitch Co. which has a long term vision and
commitment to renewable and sustainable operations,” said Craig
Grant, CEO of Worthington Energy Consultants, a leader in
implementing renewable energy solutions.
To read more about A&F Co.’s global
sustainability efforts, visit its corporate website.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995A&F cautions that any
forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995) contained herein or made
by management or spokespeople of A&F involve risks and
uncertainties and are subject to change based on various important
factors, many of which may be beyond the Company’s control. Words
such as “estimate,” “project,” “plan,” “believe,” “expect,”
“anticipate,” “intend,” and similar expressions may identify
forward-looking statements. Except as may be required by applicable
law, we assume no obligation to publicly update or revise our
forward-looking statements. Risks and uncertainties related to the
duration and impact of the COVID-19 pandemic on the Company and the
factors disclosed in “ITEM 1A. RISK FACTORS” of A&F’s Annual
Report on Form 10-K for the fiscal year ended February 1, 2020, and
in A&F’s subsequently filed quarterly reports on Form 10-Q, in
some cases have affected, and in the future could affect, the
company’s financial performance and could cause actual results for
fiscal 2020 and beyond to differ materially from those expressed or
implied in any of the forward-looking statements included in this
press release or otherwise made by management.
About Abercrombie & Fitch Co.Abercrombie
& Fitch Co. (NYSE: ANF) is a leading, global specialty retailer
of apparel and accessories for Men, Women and Kids through three
renowned brands. For more than 125 years, the iconic Abercrombie
& Fitch brand has outfitted innovators, explorers and
entrepreneurs. Today, the brand reflects the updated attitude of
the modern consumer, while remaining true to its heritage of
creating expertly crafted products with an effortless, American
style. The Hollister brand epitomizes the liberating and carefree
spirit of the endless California summer for the teen market.
abercrombie kids creates smart, playful apparel for children ages
5-14, celebrating the wide-eyed wonder of childhood.
The brands share a commitment to offering
products of enduring quality and exceptional comfort that allow
consumers around the world to express their own individuality and
style. The Company operates approximately 730 stores under these
brands across North America, Europe, Asia and the Middle East, as
well as the e-commerce sites www.abercrombie.com and
www.hollisterco.com.
About AEP EnergyAEP Energy, a subsidiary of
American Electric Power (Nasdaq: AEP), is a certified competitive
retail electricity and natural gas supply provider operating in 28
service territories in six states and Washington, D.C. AEP Energy
supplies electricity and natural gas solutions for more than
500,000 residential and business customers and takes pride in
making it easy for customers to buy, manage and use energy. Based
in Columbus, Ohio, and Chicago, AEP Energy is committed to
excellence by delivering value, innovative energy solutions and
excellent customer service. For more information, visit
www.aepenergy.com.
Investor Contact: |
Media Contact: |
Pam Quintiliano |
Mackenzie Gusweiler |
Abercrombie & Fitch Co. |
Abercrombie & Fitch Co. |
(614) 283-6751 |
(614) 283-6192 |
Investor_Relations@anfcorp.com |
Public_Relations@anfcorp.com |
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