CHANEL has committed $35 million toward solar energy projects for low-income multifamily households with Sunrun.
The partnership will expand access to solar for nearly 30,000 low-income residents across California, offering families on average up to $40 to $50 a month in energy cost savings. CHANEL’s investment will also support more than 20,000 hours of job training in the first year, offering valuable vocational skills and certifications to hundreds of people in disadvantaged communities.
Through the partnership, CHANEL and Sunrun will install approximately 30 megawatts of solar energy systems on affordable multifamily properties throughout California.
This investment is part of CHANEL’s Global Climate Strategy, Mission 1.5°C, which reflects the company’s commitment to reduce carbon emissions across its entire value chain and to help accelerate the transition to a more sustainable world, in line with the targets set by the Paris Climate Agreement (COP 21), aimed at limiting mean global temperature increases to 1.5° Celsius.
“CHANEL strives for exemplarity in everything we create and the impact we have on our society and our world at large. This innovative partnership reflects the deep commitment of our House to reducing our impact on the environment, while also creating a positive social impact through an inclusive approach that will provide families with access to clean affordable power and the creation of jobs to support the installation of these solar energy systems.”CHANEL president and chief operating officer John Galantic.
Sunrun is committed to making solar energy accessible to everyone, particularly those communities most impacted by pollution and without access to clean energy today.
CHANEL and Sunrun’s partnership will directly support this effort by further extending clean solar energy to the communities that need it the most, providing individual low-income tenants with solar energy at no cost to them and offering critical relief to their energy bills.
“CHANEL’s investment will help disadvantaged communities gain access to clean, reliable solar energy. This innovative approach to corporate social responsibility will make an impact today and hopefully become a model for other companies to invest in our planet’s future.”Lynn Jurich, Sunrun co-founder and CEO.
CHANEL’s work with Sunrun reflects an innovative renewable energy investment that allows the company to support its commitments to the climate, while also, and equally importantly, support its focus on addressing social inequality and providing for underserved communities.