Luxurious model CHANEL commits $35 million to low-income solar tasks with Sunrun
In cutting-edge news on renewable investments, CHANEL (yes, this CHANEL) just allocated $ 35 million to low-income multi-family solar projects with Sunrun Inc. – a partnership will expand access to solar for nearly 30,000 low-income (30MW) residents. Across California, families can save an average of $ 40 to $ 50 per month in energy bills. CHANEL’s investment will also support more than 20,000 hours of professional training in the first year.
“CHANEL’s investment will help disadvantaged communities gain access to clean, reliable solar energy,” said Lynn Jurich, Co-Founder and Chief Executive Officer of Sunrun. “This innovative approach to corporate social responsibility will make an impact today and hopefully be a model for other companies to invest in the future of our planet.”
CHANEL’s collaboration with Sunrun reflects an innovative investment in renewable energy that enables the company to support its commitment to the climate while, equally importantly, support its focus on eradicating social inequality and serving underserved communities.
CHANEL believes it can play a key role in showing how leading companies can manage the negative effects of climate change. This investment is part of CHANEL’s global climate strategy, Mission 1.5 ° C, which reflects the company’s commitment to reducing CO2 emissions across the value chain and moving towards a more sustainable world in line with the goals set by Paris to accelerate climate agreement to limit the average global temperature increase to 1.5 ° Celsius. In addition to its reduction efforts, CHANEL is committed to mitigating the effects of climate change by offsetting its residual emissions by investing in nature-based solutions such as projects to protect and restore forests, mangroves and moors.
The partnership was recently celebrated when CHANEL received the RE100 Leadership Award for Best Community Changemaker, recognizing members who achieve greater benefits through their renewable energy projects, such as: B. new jobs or a reduction in local pollution.